MSV’s Eastmain bet site of winter drilling
A winter drilling program is under way on the Eastmain gold property in northern Quebec, near James Bay, MSV Resources (ME) reports. The program will involve drilling 60 holes representing 8,000 m. Co…
1989
Spot prices at a glance (January 23, 1989)
Week’s Price (US) Change Gold (per oz) $402.85 –$ 0.65 Silver (per oz) $ 5.94 +$ 0.03 Platinum (per oz) $525.00 –$ 1.00 Copper (per lb) $…
Force majeure lifted by Magma Copper
Recently lifting its force majeure, which was announced in December, was Magma Copper (Amex). The declaration was made under the company’s toll smelting and refining contracts, and refined copper sal…
Drilling extends zone at graphite deposit of Stewart Lake
Drilling on the Kirkham graphite deposit in eastern Ontario of Stewart Lake Resources (TSE) has extended the strike length of zone 2 x 700 ft to the south. President Richard Scratch said two drills ar…
Letter to the Editor 48.3% of shares
With reference to your article on page 27 of The Northern Miner dated Jan 9, (“Trans-Dominion to acquire 48.3% of Doelcam”), I am enclosing a copy of our news release with respect to the transaction d…
Goldteck tailings deal
Goldteck Mines (TSE) has completed an option agreement with Matachewan Consolidated Mines (COATS) which pertains to the tailings at Matachewan’s former producing gold mine near Matachewan, Ont. From 1…
BHP and Glencairn to drill Blue Mtn.
Partners Glencairn Explorations (ASE) of Toronto and BHP-Utah Mines are planning to start a 4,000- ft drill program at the Blue Mountain gold property near Kirkland Lake, Ont. Based in Vancouver, BHP-…
Toronto Stock Exchange Base metals boom propels miners to new highs
Poor trade figures in the United States failed to put a damper on investor enthusiasm as the New Year’s rally continued unabated. A trade deficit in December of $12.5 billion (US) was announced which …
MinVen completes S. Dakota acquisition
MinVen Gold Corp. (TSE) recently completed the acquisition of a one-third joint venture interest in the Golden Reward project located in South Dakota. The Golden Reward, a heap leach gold project curr…
Alberta Stock Exchange Durga bucks trend
If 1988 was a nightmare year for Canadian brokers, they could hardly have gleaned much comfort from what they saw on the Alberta Exchange this week. In keeping with the general lack of interest in spe…
Metal Prices FREE MARKET London Metal Exchange (January 23, 1989)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 17 Jan 16 Jan 13 Jan 12 Jan 11 Copper 1950-1955 1948-1949 1869-1870 18…
Montreal Exchange Positive trading days
Continuing its winning ways this past week, the stock market recorded healthy gains in both its market portfolio and mining and minerals indices, on daily trading volumes ranging between 4.9 million a…