Tarzan, Glen Auden
A diamond drill program has started on the Walker-Wilkie property held under option by Asarco Exploration of Canada. Asarco has the right to earn a 51% interest in the claims near Matheson, Ont., and …
1990
Black Hills ban confounds mining community
The sudden and unexpected announcement that minefinders might soon become outcasts in the Black Hills of South Dakota has angered some explorationists. It doesn’t help that operating mining companies …
Custom milling agreement, next step for Stratabound
Finding someone willing to custom mill ore from the CNE zinc- lead-silver property near Bathurst, N.B., appears to be the next logical step for Stratabound Minerals (ASE). After releasing the last bat…
Pamorex drill results revive interest in Upper Beaver mine
Some innovative geological thinking has been used to define a new, interesting-looking drill target beneath the underground workings of the old Upper Beaver mine property, near Kirkland Lake, Ont. Pam…
Chevron shuts mine
Because of the deteriorating uranium market, Chevron Resources, a unit of Chevron (NYSE), has decided to shut its Mount Taylor mine near Grants, N.M. The mine will be placed on standby with ventilatio…
More gold for Placer
With the first bullion poured at the Granny Smith mine in Western Australia, yet another producing gold mine has been added to the Placer Dome (TSE) fold. Placer’s 75.8% owned Placer Pacific has a 60%…
Gold Vessel deal
Gold Vessel Resources (ASE) has entered into an agreement with St. Genevieve Resources (TSE) to buy the latter company’s interest in the Granada gold prospect near Rouyn, Que. Gold Vessel can buy a 40…
Metal Prices (January 29, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 23 Jan 22 Jan 19 Jan 18 Jan 17 Copper 1340-1340 1369…
Toronto Stock Exchange Indices (January 29, 1990)
1989 Jan. 23Jan. 22Jan. 19Jan. 18Jan. 17HIGH LOW Composite “300”3812.683801.513865.073857.393872.274009.473801.51 Metals & Minerals3090.563068.083115.733143.113137.043453.053068.08 Integrated mines…
Vancouver Stock Exchange Kokanee helped by Sillivan-type’ find
Uncertainty about the direction of the economy is continuing to take its toll on equity markets and base metal prices. Unless some positive indicators appear soon, analysts predict a gloomy scenario o…
Horsham shares trade on New York exchange
Common shares of Toronto- based Horsham (TSE), the company that controls American Barrick Resources (TSE), were listed for trading recently on the New York Stock Exchange. In addition to a 22% stake i…
Granges sets budget for 1990 exploration
A budget of $7 million has been set by Granges (TSE) for exploration in Canada this year. In addition, the company’s 59% owned subsidiary, Hycroft Resources & Development (TSE), plans to spend a furth…