Metal Prices PRODUCER PRICES (October 23, 1989)
ALUMINUM: MW U.S. Market US80.50 cents – 81.50 cents per lb. (Oct 12, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
1989
Iskut River access road will cost $12.5 million
A study of road access options to the Iskut River mining camp in northwestern British Columbia has instilled hope that government agencies will approve a road built from Highway 37 to the Bronson Cree…
Letters to the Editor Western mining’s value warrants R&D centre
The Canadian mining industry should be disappointed that 12 scientists at the federal government’s surface mining laboratory in Devon, Alta., have been declared surplus (“Research rivalry” Oct 2, 1989…
Metals not affected by market collapse
The sudden mid-October stock market collapse and near-recovery the next trading session had little apparent effect on the precious and base metal commodity markets. Gold, silver and platinum enjoyed s…
Deak to raise $1.39 million
A total of $1.39 million is being raised through a private placement by Deak Resources (TSE) in order to finance joint venture and other agreements it has with the Noranda (TSE). Subject to regulatory…
McNickel reports new assay results
More assay results have been released by McNickel Inc. (COATS) from its Lac St. Jean property in Quebec. Results from two recent holes, 1,000 metres north of the original showing, include 49 ft gradin…
Orex plans to mine Goldboro to prove its economic viability
Quebec-based Exploration Orex (ME) is about to develop a large sub-level retreat longhole stope in the upper reaches of the Goldboro deposit, The Northern Miner learned on a recent visit to the proper…
Free Seminar
Geostat Systems International offers a free seminar on “Microcomputer Orebody modelling” to be held in Toronto at the Royal Hotel Nov 23. For registration, contact Geostat Systems International, Claud…
Mazarin funding
Two government grants totalling $500,000 have been received by Societe d’Exploration Miniere Mazarin (ME), which is developing a graphite property near Fermont, Que., near the Labrador border. The Que…
Piedmont offering raises $2.8 m(US)
Piedmont Mining of North Carolina says it has raised $2.8 million (US) for exploration purposes from a recently completed rights offering. Under the offering, 1.45 million shares were purchased by Pie…
Hemlo Gold ups stake in Windarra
A recent private placement agreement between Hemlo Gold Mines (TSE) and Windarra Minerals (TSE) will see Hemlo Gold’s stake in Windarra increase to 30.4%, up from the previous level of 20.22%. Hemlo G…
FINANCING (October 23, 1989)
ONTARIO Whisper Lake Res — final rec iss offer 2,250,000 @ 40 cents per sh to net $556,312.50 CopperQuest — final rec iss offer 1,500,000 @ 21 cents per sh to net $300,000 VANCOUVER Black Rock Ne…