Blue Falcon, Moapa option deal off
An option agreement between the partners of the Moapa Valley precious metals project in Nevada and Blue Falcon Mines will not proceed at this time, Micron Metals Canada (ASE), one of the Moapa partner…
News
MER to hold seminar
Quebec’s Ministry of Energy and Resources (MER) will hold a seminar on exploration, Nov. 21-22, at the Chateau Frontenac in Quebec City. This seminar will highlight the latest developments in explorat…
Rankin greenstone belt displays ingredients for major discovery
Canada’s second largest Archean greenstone belt, which stretches for nearly 370 miles westward from Rankin Inlet, N.W.T., remains grossly unexplored, says geologist Maureen Jensen, president of Noble …
U.S. REPORT Record Carlin gold output boosts Newmont Mng. results
Colorado-based Newmont Mining (NYSE) has reported a big increase in third-quarter earnings after selling off interests in its Australian gold affiliate and U.S. coal company Peabody Holdings. A record…
Agnico encouraged by new Eagle West gold discovery
More encouraging results were released by Agnico-Eagle Mines (TSE) from surface exploration of the Eagle West discovery 2,600 ft. west of the company’s Eagle shaft in the Joutel area of northwestern Q…
Falconbridge analyzing core from Ungava nickel project
Core from a 75,000-ft. drill program completed this summer at a remote nickel deposit in Ungava, Que., will be analyzed over the next few months by officials at Falconbridge Ltd. But drilling results …
METAL PRICES FUTURES PRICES (November 19, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 118.25 116.50 117.00 + 2.00 Dec 117.50 115.60 116.30 + 1.35 Jan 115.90 114.20 115.90 + 1.75 SILVER (in US cen…
BOOKS IN REVIEW New analysis focuses on gold royalties
A new industry study on gold royalties has been published by Pincock, Allen & Holt Inc. of Colorado, a mining consulting firm. The study, North American Gold Royalties — Industry Averages, compiles a…
Spot prices at a glance (November 19, 1990)
Week’s Price (US) Change Gold* $383.45 — $0.05 Silver* $4.20 — $0.03 Platinum* $416.60 — $5.65 Nickel** $4.03 — $0.01 Lead** $0.33 Copper- $1.18 — $0.02 Zinc– $0.58 Courtesy of Scotiabank. Infor…
U.S. REPORT Savanna in deal with Cominco on Oregon property
Calgary-based Savanna Resources (ASE) has optioned its Turner Albright gold-copper-zinc property in Oregon to Cominco American Resources, a unit of Cominco (TSE). Situated near O’Brien, Ore., the 2,30…
Final summaries given in Ontex, Metalore trial
Lawyers for Ontex Resources (ASE) and Metalore Resources (TSE) have summarized their final cases in a court battle to settle ownership of the disputed Brookbank gold property near Beardmore, Ont. The …
Vancouver Stock Exchange Toltec, Albany, Adrian busy
With gold holding its own above the US$380 level, the Vancouver Stock Exchange continues to be in a state of siege. The Composite Index registered a drop of just over 11 points finishing Nov. 13 at 51…