Exploration continues at Paymaster property
American Reserve Mining (ME) says rehabilitation of the No. 6 winze on its 40% owned Paymaster project near Timmins, Ont., has been completed down to the 4,975-ft. level and access to the 6,025-ft lev…
News
NorthWest moves to cap cost of fuelling Colomac gold bet
NorthWest Gold (AMEX), a subsidiary of Northgate Exploration (TSE), has taken steps to limit the cost of fuelling its 200,000 oz.- per-year Colomac gold project in the Northwest Territories. As the pl…
Serem, VSM option BP-Noranda claims
Serem-Quebec and VSM Exploration (ME) have jointly optioned a group of 40 claims adjacent to their Grevet base metal project near Quevillon, Que., from Noranda (TSE) and BP Canada (TSE). The claims en…
Metal Prices FREE MARKET (October 15, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date October 9 October 8 October 5 October 4 October 3 Copper 1460-1464 1454-1456 1470-14…
GOLD FUNDS (October 15, 1990)
MVP BGR Central Capital Net value $10.35 $5.74 $0.29 Price $9.375 $5.375 $0.16 Discount 9.42% 6.4% 44.8% Value $61,640,194 $90,430,613 N/A…
Improvements continue at the Teck-Corona Williams mine.
The Teck-Corona Williams mine at Hemlo, Ont., is expected to produce about 500,000 oz. of gold this year, maintaining its 1989 status as the largest gold bullion producer in the nation. The mine’s imm…
Montreal Exchange Active trading week
The best 1-day volume — 14 million shares — recorded this year couldn’t halt the decline in the general market index during the holiday-shortened week ended Oct. 9. The market portfolio was off by 2…
PEOPLE (October 15, 1990)
RINSEY MINES Charles Main elected president succeeding Carl Schepannek who has been appointed secretary and chief financial officer; Joseph Faulkner appointed vice-president, Investor Relations.
PEOPLE NEW YORK MERCANTILE EXCHANGE
Richard Henken appointed vice-president of marketing.
Great Lakes hits high-grade zones at Michigan copper bet
The first two holes of Great Lakes Minerals’ (TSE) 8,000-ft. drilling program on the Keweenaw project in northern Michigan have intersected high-grade copper mineralization over strong widths. Hole 59…
Queen’s hosts seminar
Queen’s University will host a seminar on mineral exploration at the Donald Gordon Centre for Continuing Education, Kingston, Ont., Dec. 2-8. It is designed to provide exploration managers and project…
FUTURES PRICES (October 15, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 131.00 129.00 129.00 + 2.45 Nov 125.65 123.50 123.35 + 1.25 Dec 121.50 117.80 118.10 — 0.25 SILVER (in US ce…