Aurizon to reassess Louvicourt Twp. bet
Following the recent massive sulphide discovery reported at Louvicourt Twp. east of Val d’Or, Que., Aurizon Mines (TSE) has decided to re-asse ss its Beacon property Located about 1,350 m west of the …
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Metal Prices (July 10, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 4 July 3 June 30 June 29 June 28 Copper 1538-…
Metals on the leading edge of technological breakthroughs (2)
This is the conclusion of an article, the first part of which appeared in the June 12/89 issue of The Northern Miner. The major metals may attract most of the attention, but the minor metals have a si…
INSIDER TRADES (July 10, 1989)
Antelope Res. — D. Brynelsen bought 24,500 (May) @ 70 cents -85 cents to hold 539,700. Barron Hunter — J. Hargrave sold 277,000 (May, June) @ 4 cents -5 cents to hold 2,348,200. S. Hargrave sold 23…
Taywin exploring old mine for copper/gold
The Merry Widow open pit iron mine near Port McNeill, B.C., is being explored by Taywin Resources (VSE) for its potential to host copper/precious metal reserves. The former producer is part of an asse…
Bond/Homestake rationalization proceeding at Kalgoorlie mine
The word “rationalization” is used often these days, mostly to describe an effort to improve profitability. It’s also a popular expression at Bond International Gold (NYSE) which has combined its mini…
Market anticipates results of Aur, Louvem drill holes
If market activity is any indication, results expected this week from the Aur Resources (TSE), Societe Miniere Louvem (TSE) massive sulphide project in Val d’Or, Que., should be encouraging. As operat…
Hayes awaits court approval for share distrubtion plan
Hayes Resources (TSE) could emerge soon with a new name and a clean balance sheet if the company gains court approval for a proposed capital reduction plan and a special plan of arrangement. Under the…
Ketza costing Canamax $5 million
The cost of purchasing Pacific Trans-Ocean Resources’ (TSE) 50% interest in the Ketza River gold mine is eventually going to cost Canamax Resources (TSE) about $5 million when all the figures are tall…
Uranerz Exploration to view Varna bets
Calgary-based Varna Gold (ASE) has signed an agreement with Uranerz Exploration and Mining of Saskatoon which could result in the development of one or more of Varna’s exploration properties. Under th…
Orofino may limit Canuc program if results poor
Toronto-based Orofino Resources (TSE) has informed Canuc Resources (TSE) that it is embarking on a limited summer exploration at Canuc’s Coronation Gulf gold project in the Northwest Territories. By s…
Marking 25th year, Echo Bay set to produce 725,000 oz
Major North American producer Echo Bay Mines (TSE) turned out 585,000 oz gold in 1988 and is looking to boost that total to 725,000 this year. The company, celebrating its 25th anniversary in 1989, al…