Echo Bay, Zahavy deal
Echo Bay Mines (TSE) has acquired the option to earn a 50% interest in the Favourable Lake gold property owned by Zahavy Mines (ASE). Situated north of Red Lake, Ont., the property was last explored b…
News
Quebec to challenge U.S. ban on asbestos
The province of Quebec plans to take legal action in the United States following an announcement of a virtual ban by that country on the use of asbestos. The U.S. Environmental Protection Agency (EPA)…
Vancouver Stock Exchange (July 17, 1989)
Although market activity here isn’t reflecting it yet, many brokers says investors are starting to look more favorably at gold issues. The general feeling is that interest rates are on the way down in…
Regulatory delays stall McNickel’s work plans
Regulatory delays are causing headaches for McNickel Inc. (COATS) which had hoped to start a major drill program last month on its Lac St. Jean copper-nickel prospect, 15 150 miles northwest of Quebec…
Oneida exploring its Mishibishu properties
Oneida Resources (VSE) is exploring its Maple Lake property in the Mishibishu Lake area west of Wawa, Ont. Work is focusing on the Pete vein, which was discovered by Oneida last year. This work includ…
Shamrock building mobile bioleach plant
As part of a program to demonstrate the commercial viability of bioleaching refractory ores, Shamrock Resources (VSE) is building a mobile bioleach demonstration plant that will be made available to o…
Chesbar gets land in Lac St. Jean
Chesbar Resources (TSE) has entered the Lac St. Jean base metals play in Quebec. The company has a deal with a private company giving it the right to buy a 100% interest in 377 claims in the area. The…
Letters to the Editor Praise for Wally Bruce, finder of Dona Lake
After reading the article on the Dona Lake gold mine (N.M., June 26/89), I realized that the only credit given to the retired vice-president exploration for Dome Mines, Mr. G. S. W. (Wally) Bruce, was…
Uruguay bet yields strong gold values
High grade gold values have been reported from grab samples on a property in southern Uruguay owned by Big Pony Gold (OTC) of Salt Lake City, Utah. Reconnaissance rock samples from the North Palacio a…
Spot prices at a glance (July 10, 1989)
Week’s Price (US) Change Gold*$378.40 $ 4.65 Silver*$ 5.26–$ 0.04 Platinum*$508.10+$ 3.00 Nickel**$ 5.53+$ 0.11 Lead**$ 0.30 $ 0.00 Copper$ 1.11–$ 0.04 Zinc$ 0.76—- Courtesy of Scotiabank. I…
Explorationists give porphyry deposits another look
The recent discovery of the Mt. Milligan porphyry copper-gold deposit north of Fort St. James, B.C., has provided explorationists in the Cordillera with an important new target. But for those in the i…
Inco debenture
Inco Ltd. (TSE) will issue $150 million(US) of 9.875% sinking fund debentures due 2019 in the United States domestic bond market. The debentures will not be offered in Canada. Inco says it will use th…