Ego has Asquith Twp. drill results
Additional results have been reported by Ego Resources (TSE) and Asquith Resources (COATS) from recent drilling on their Asquith Twp., property in the Shining Tree area of northern Ontario. Highlights…
News
Gold Bar exploring Ontario properties
COATS-listed Gold Bar Resources has entered into a joint venture agreement with Timmins Nickel Inc., a Toronto-based company, to explore a copper/nickel property owned by Gold Bar. The property is loc…
Ego has Asquith Twp drill results
Additional results have been reported by Ego Resources (TSE) and Asquith Resources (COATS) from recent drilling on their Asquith Twp. property in the Shining Tree area of northern Ontario. Highlights …
Hemlo, Central results
Another 10 deep drill holes have been completed on the Eagle River gold property owned by partners Central Crude Ltd (VSE) and Hemlo Gold Mines (TSE). Located in the Mishibishu Lake area, 30 miles wes…
Goldpost Resources intersects gold
The first hole of a 4-hole drill program on the West Zone of the Hislop East property east of Timmins, Ont., has intersected 0.43 oz of gold per ton across 42.2 ft from a depth of 753 ft, says Goldpos…
News in Brief (March 13, 1989)
Richmark Resources has chnaged its transfer agent to pacific Corporate Services.
Corona takes write-down on Nickel Plate project
Consolidated earnings of $26.5 million (16 cents per share), before unusual and extraordinary items, on operating revenues of $187.5 million were reported by Corona Corp. (TSE) for the 15-month period…
Metal Prices PRODUCER PRICES (March 13, 1989)
ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….
Industry looking to extend the exploration momentum
If the Prospectors and Developers Association of Canada (PDAC) wanted to get one message across at its 1989 convention, it was that a healthy Canadian mining industry is one characterized by a vibrant…
Spot prices at a glance (March 13, 1989)
Price Week’s ($US) Change($) Gold* 393.10 + 7.00 Silver* 5.90 — 0.06 Platinum* 538.85 + 3.35 Nickel** 8.35 — 0.18 Lead** 0.27 Copper- 1.57 + 0…
Commodity index reaches new high
Helped along by metals prices, Scotiabank’s all-commodity price index rose by 1.8% in January. The index reached its highest level in the current business cycle and stands 7.6% above the 1980 peak in …
Pegasus increases stake in Pioneer Metals
U.S. gold producer Pegasus Gold (TSE) has further increased its equity position in Pioneer Metals (TSE). With the acquisition of 296,504 additional units that became available through the additional s…