Magnacon project on schedule
Mine development at the Mag- nacon project in the Mishibishu area is proceeding on schedule, partners Muscocho Explorations (TSE), Windarra Minerals (TSE) and Flanagan McAdam Resources (TSE) say. Loca…
1989
Montreal Exchange Market races on
The market continued to gather strength this past week, although the resources sector seemed to lose some of its steam in a mixed-trading performance; the mining and minerals index closed up 13.5 pts….
Biron Bay deal
Biron Bay Resources (ASE) has entered into an agreement with NovaGold Resources (TSE) which will give the company the right to acquire an interest in NovaGold’s Summit gold property in New Mexico. The…
Card Lake to drill
A diamond drilling program is set to start this month on Card Lake Resources’ (COATS) Tumpline Lake polymetallic property. Located 90 km northeast of Yellowknife, N.W.T., the Tumpline claims are held …
Westmont gold mine stepping stone for increased production in
Until the Ridgeway mine came on stream (N.M., Feb 6/88) Westmont Mining’s heap leach operation near here was the largest gold mine in South Carolina, a state that is fast becoming recognized for its g…
New $1.2 M program for Vault claims
A 1989 work program budgeted at $1.2 million has started on the Vault property near Okanagan Falls, B.C. Inco Gold Ltd. (TSE) owns 60% and is operator, while Seven Mile High Resources (VSE) holds a 40…
Drilling resumes at Mishi Lake gold project
Diamond drilling has resumed on the Mishi joint venture property owned by partners MacMillan Gold Corp (VSE) and Granges Exploration (TSE). The 22,500-acre gold property is located in the Mishibishu L…
Vancouver Stock Exchange Gold’s slump doesn’t slow trading
It has been said the two main things (outside of good promotion) that drive the Vancouver market are good drill results and healthy metal prices, particularly gold. Although the yellow metal is still …
Wrightbar’s plans for Bourlamaque placed on hold until better
Development plans for Wrightbar Mines’ (ME) Bourlamaque gold property near Val d’Or, Que., have been put on hold. President W. J. Cluff said the project operator, Belmoral Mines (TSE), has been asked …
Enthusiasm for Int. Viking sparked by magic of Pezim
The appearance of International Viking Resources on the Alberta Stock Exchange was greeted recently with a degree of enthusiasm not usually afforded to a new Alberta listing. But it was the man behind…
Noranda venture arm buying shares in firm
The venture capital arm of Noranda Inc. (TSE), Noranda Enterprise, reports it intends to increase its holdings in Diabrasive International of Montreal by purchasing up to 200,000 common shares (a 2.1%…
Spot prices at a glance (February 13, 1989)
Week’s Price (US) Change Gold (per oz) $390.40 –$ 1.60 Silver (per oz) $ 5.88 +$ 0.06 Platinum (per oz) $529.25 +$10.00 Copper (per lb) $ 1.41 –$ 0.09 …