PEOPLE (August 27, 1990)
DICKENSON MINES Rolando Francisco appointed senior vice- president and chief financial officer.
News
Avondale discovery at Forrest Kerr
A large gold- silver-copper mineralized system and several new gold showings were recently discovered by Avondale Resources (VSE) on its Forrest Kerr project north of Stewart, B.C. The discovery of th…
Effect of Middle East crisis on metals is hard to predict
If Middle East tensions escalate to the point where gun fire is exchanged, investors who have been selling their gold assets to take advantage of recent price increases could move back into the market…
Gold treasure
Treasure hunters who found thousands of gold coins and rare gold bars in a ship that sank 133 years ago off the coast of South Carolina may keep their loot, a federal judge in Norfolk, Va., ruled rece…
New LME chairman
The London Metal Exchange (LME) has a new chairman. John Wolff, currently vice-chairman of the commodities exchange and one of its committee members from 1979 on, was recently elected to the position….
Gold price prompts Cambior to reopen Valdez Creek mine
The recent increase in the gold price has prompted Cambior (TSE) and Camindex Resources to reopen their Valdez Creek placer mine in Alaska. Cambior says that based on the recent strength in the gold p…
Cheni names new chairman
Edwin Phillips is the new chairman of Cheni Gold Mines (TSE), whose key asset is the producing Lawyers gold- silver mine in the Toodoggone district of northern British Columbia. Phillips, chairman of …
Toronto Stock Exchange Middle East crisis takes toll as investors
The Persian Gulf crisis continued to take its toll on the stock market during the week ended Aug. 21, as nervous investors struggled to protect themselves from unfolding developments. Today, Aug. 22, …
Conventional smelting yields 85-95% recovery for Jonpol gold ore &
Conventional flotation and smelting will recover 85-95% of the contained gold in ore from the Newfield project in Garrison Twp., Ont., according to recent metallurgical testing. T&H Resources (TSE) ho…
Trimin agrees to sell stake in Hanson Lake to Billiton
Vancouver-based Trimin Resources (TSE) has agreed to sell its 32.9% stake in the Hanson Lake polymetallic deposit to Shell Group affiliate Billiton Resources Canada Inc. for $17.5 million cash. Situat…
QPA convention
The 16th annual convention of the Quebec Prospectors Association will take place Sept. 12-14 at Val d’Or, Que. Theme of the conference, and topic of a panel conference on the Thursday morning followin…
Spot prices at a glance (August 27, 1990)
Week’s Price (US) Change Gold* $410.00 + $8.50 Silver* $5.12 — $0.01 Platinum* $500.25 + $4.00 Nickel** $5.13 + $0.14 Lead** $0.40 + $0.01 Copper- $1.33 — $0.01 Zinc– $0.73 — $0.02 Courtesy of Sco…