Corrections Melinga Resources
Melinga Resources (VSE) is based in Vancouver and in London, England. A previous story (T.N.M., July 2/90) had the company situated elsewhere.
News
Ireland bans mining on `holy’ mountain
The Irish government will prevent a small exploration company from mining gold on what is called a “holy” mountain in the south of Ireland. Although Burmin has a licence to explore for gold on the wes…
Soviet delegates to meet Alaskans
The 15th annual convention and trade fair of the Alaska Miners Association will be held Nov. 5-9 at the Hotel Captain Cook in Anchorage. Speakers from the Soviet Union plan to exchange ideas and techn…
Teck part of bid to buy Mexican copper operation
A consortium of Canadian, West German and Mexican interests is offering to buy the bankrupt Cananea copper mine from the Mexican government. The consortium, known as Cupriofera Cananea, submitted the …
MinVen acquires gold prospect
Blackdome Mining, a wholly owned subsidiary of MinVen Gold (TSE), recently entered into an agreement to acquire a group of four claims known as the Elizabeth property, 19 miles south of the Blackdome …
Rea options copper prospect
A copper prospect 12 miles north of the producing Samatosum mine near Kamloops, B.C., was recently optioned by Rea Gold (TSE). Rea can earn a 100% interest in the 4,100-acre property by paying $200,00…
Vancouver Stock Exchange Gold no help to market
A move in the price of gold bullion to the US$362 level did not seem to help the Vancouver Stock Exchange’s Resource Index, the index dropping almost 15 points to close at 841.73 July 3. The Composite…
Montreal Exchange Aur, Louvem talking
The market took a turn for the better during the holiday-shortened week ended July 3. The mining and minerals index showed a gain of more than 65 points and the general market portfolio index jumped b…
FUTURES PRICES (July 09, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 115.90 114.20 114.40 + 6.05 Aug 114.90 114.05 114.10 + 6.50 Sept 114.80 112.90 113.10 + 6.25 SILVER (in US c…
Blue Dog drilling confirms good values
Associated companies Gold Canyon Resources (VSE) and Bradner Resources (VSE) continue to report encouraging results from drilling on the Adit zone at the Blue Dog property in Washington Cty., Idaho. T…
New zone uncovered at Jualin project
Winter drilling on the Jualin property located near Juneau, Alaska, has identified a new zone of intensely silicified, pyritic, quartz veined stockwork diorite containing sphalerite and free gold. Pla…
Commodity index follows flat trend
The all-commodity price index of Scotiabank dropped slightly in May, continuing a largely flat trend. Gains in the metals and minerals sub-index offset declines in the three other sub-indices. The all…