LAC to earn 50% of DRX gold bet
New York-based DRX Inc. is teaming up with Toronto gold producer LAC Minerals (TSE) to explore DRX’s Midas property on the Carlin Trend in Nevada. The 283-claim property lies in the northwestern end o…
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PRODUCER PRICES Metal Prices (September 25, 1989)
ALUMINUM: MW U.S. Market US78.25 cents – 80.25 cents per lb. (Sept 14, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.75-$4.85(US) per lb. …
Cambior eyeing new prospects, possible base metal plays
The gold mines of Cambior Inc. (TSE) are concentrated in Quebec’s north0000,0060 west, but future production may soon include ou tput from op erations throughout North America and even South America. …
Quebec prospectors caught up in provincial election action
Politics caught up with the Quebec Prospectors Association (QPA) at the mining group’s 15th annual convention. With Quebec voters going to the polls Sept 25, QPA directors invited representatives from…
Bema officially opens first gold mine
ARCO, Idaho — The official opening of the Champagne mine 20 miles west of this town was celebrated in a fashion that would have amused the prospe ctor who mad e a discovery on the property over a cen…
Dynatec closes stage 1 of Northfield placement
Northfield Minerals (ASE) and Dynatec International have completed the first part of an agreement which should see Dynatec acquiring 5.3 million sha res of Nor thfield at 45 cents per share. Dynatec …
Aur begins to get handle on Louvem sulphides bet
The latest drill holes to be released from the Louvicourt Twp. massive sulphide discovery east of Val d’Or, Que., indicate that the deposit is opening down pl unge and in an easterly direction. That i…
RTZ and BP terminate Olympic Dam agreement
London-based RTZ Corp. and British Petroleum have agreed to terminate agreements relating to the proposed assignment to RTZ of BP’s 49% inter est in the Olympi c Dam copper/uranium mine in South Austr…
Camreco needs $4.5 million for Goldlund
Initial results of a final feasibility study indicate that at least $4.5 million would be required to re-open the former Goldlund mine owned by Camreco Inc. ( TSE) in northwestern Ontario. The past-pr…
Orcana to earn in on East Sullivan
Toronto-based Orcana Resources (VSE) recently optioned 18 claims adjoining the northern boundary of the East Sullivan base metal property near Val d’Or, Que. Situated west of the Aur Resources (TSE)…
Noranda, Trelleborg succeed in offer for Falconbridge
The bidding is officially over and Noranda Inc. (TSE) and Trelleborg AB of Sweden are the new owners of nickel producer Falconbridge Inc. (TSE). The partners report more than 95% of the outstanding co…
Interquest options Montana metal bet
Toronto-based Interquest Resources (TSE) has agreed to acquire a number of claims containing high gold and base metal values in Broadwater Cty., M ont. Known as the “Ruby” and “Dory” properties, they …