Tusk exercises option
Tusk Minerals (ASE) has exercised its option to earn an additional interest in a gold-copper property near La Ronge, Sask. The property includes the former producing Anglo-Rouyn mine which closed in 1…
News
Abitibi Metal Mines concludes placement
A private placement worth $735,000, involving 3,675,000 shares at 20 cents each, has been finalized, Abitibi Metal Mines (ME) reports. The funds will go towards exploration work carried out on the Jol…
Beauchamps expands holdings in B.C.
Beauchamps Exploration (VSE) has acquired five claims in the Stikine area of northwestern British Columbia. The company purchased the ground for $5,000 and 100,000 shares from treasury. The property i…
Dolphin launches Cape Ray program
A $4-million exploration program is set to begin this month on Dolphin Explorations’ (TSE) Cape Ray gold property in southwestern Newfoundland. About half of the program’s budget will be spent on surf…
Metal Prices (May 29, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 23 May 22 May 19 May 18 May 17 Copper 1617-16…
Oil and gas sustain Total Energold
First quarter financial results for Total Energold Corp. (TSE) show a net loss of $504,000 or 2 cents a share compared with a loss of $2.4 million or 10 cents a share in the comparable period of 198…
Metal Prices PRODUCER PRICES (May 29, 1989)
ALUMINUM: MW U.S. Market US99.50 cents – $1.02 per lb. (May 18, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11, …
Battle for Atlanta Gold heats up
The gloves are off in the battle for control of Atlanta Gold Corp. (TSE) and its key asset, the advanced and 100%-owned Atlanta gold property in Idaho. Vancouver-based Atlanta is attempting to fend of…
INSIDER TRADES (May 29, 1989)
Barron Hunter Hargrave — J. Hargrave sold 65,000 (Mar, Apr) @ 5 cents -7 cents to hold 2,715,200. S. Hargrave sold 91,000 @ 7 cents -8 cents to hold 1,629,700. Cheni Gold — E. Phillips bought 10,0…
Bond International to boost production
With mining interests in North America, Chile and Australia, Bond International Gold (TSE) is aiming to boost its gold production to over 500,000 oz in fiscal 1989. The large gold producer turned out …
FUTURES PRICES Metal Prices (May 29, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 112.00 109.00 109.30 — 7.80 Jul 113.00 109.00 110.60 — 4.60 Sep 112.50 109…
Minerals Division of GAC awards Derry, Gross medals
The mineral deposits division of the Geological Association of Canada presented its two top awards during the association’s annual meeting held here during May. Gilles Allard, professor of geology at …