High grade ore shoot drilled by Biron Bay
Results just released by Biron Bay Resources (ASE) from the Summit gold project in New Mexico indicate that the property contains a high grade ore shoot within a gold- silver deposit delineated by ear…
1989
Vancouver Stock Exchange Traders skittish as index declines
The Vancouver Stock Exchange isn’t looking too exciting for investors, brokers and market watchers these days. Trading activity in recent weeks has slumped considerably since the heady weeks in August…
Redstone picks up interest in Falconbridge Dominicana
A 1% interest in Falconbridge Dominicana has been purchased by Redstone Resources (TSE). The deal gives Redstone an interest in one of the world’s largest nickel mining operations controlled and opera…
Montreal Exchange Record-high index
It was a long climb, but the Montreal Exchange’s general market portfolio index this holiday- shortened week rose to a new high, despite a downturn by resources issues. The market portfolio, up 22.5 p…
News in Brief (October 16, 1989)
Azora Minerals has changed its name to International Azora Minerals Inc. (IAZ:VSE) on a 1-new-for- 4-old share basis. Transfer agent is Montreal Trust Company.
Armistice plans new drill program
A 10,000-ft drilling program is planned by Armistice Resources (ME) for its Virginiatown, Ont., gold property, shareholders were told at the recent annual meeting in Toronto. The drilling, to cost $75…
Bill Roscoe lecture
Bill Roscoe of Roscoe Postle Associates will deliver a talk Oct 19 on mining property values and the 1987 stock market crash. The event, jointly sponsored by The Canadian Institute of Mining and Metal…
Metal Prices PRODUCER PRICES (October 16, 1989)
ALUMINUM: MW U.S. Market US79.500 cents – 81.00 cents per lb. (Oct 5, 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. (…
Corona awarded Rambler
Corona Corp. (TSE) has been awarded the rights to the Rambler North properties from the Newfoundland government. A proposal submitted by Corona and Goldbar Resources, a Newfoundland-based junior explo…
Nickel price to fall, but not drastically
The bull market for nickel may be nearing an end, but a price collapse does not appear to be in the works, at least according to two analytical sources. The base metal, which climbed to $10.84(US) per…
Several nickel projects alive despite price decline
The base metal price boom of 1988 may be fading into history now, but the legacy of new nickel projects it left behind still endures. It was nearly a year ago this month, for example, when Hudson Bay …
COATS (over-the-counter) Gold issues gain
A group of junior companies with gold properties in Chester Twp., Ont., continued to see active trading again this week although there has been little news released regarding drill results obtained on…