Base metals exploration focus of Bathurst moot
A 4-day symposium is planned by the New Brunswick Prospectors and Developers Association (NBPDA) and the Department of Natural Resources and Energy (DNRE), June 10-13. The symposium combines field tri…
News
U.S.Report BMR stresses lack of Desert Tortoise
An environmental survey conducted by BMR Gold (ASE) over the company’s America Mine gold project in San Bernardino Cty., Calif., failed to locate any desert tortoise. The tortoise is known to inhabit …
Freewest in position to fund Noranda bet
A flow-through financing agreement with CMP 1990 Resources and Co. has put Freewest Resources (ME) in a position to fund its share of a 100,000-ft. drill program at its 40% owned Harker Holloway gold …
Alberta Stock Exchange Louisiana eyes copper
A copper project in New Mexico near the town of Silver City has caught the attention of Louisiana Mining. The junior has entered into a letter of intent with an individual to acquire a 51% interest in…
Encouraging zinc/copper values reported at Greenstone project
Partners Greenstone Resources (TSE) and Dragoon Resources (VSE) say they are getting indications that a large base metal deposit could exist within the boundaries of their jointly held McNeil property…
Timmins nickel set to resume milling at Giant Yellowknife
Nickel producer Timmins Nickel (TSE) says a contract with Giant Yellowknife Mines (TSE) for custom milling of ore from the Redstone mine near here will resume soon at Giant’s Schumacher mill. The old …
Editorial Shaking investors’ confidence
Mineral exploration across Canada is suffering through a gloomy time, but in Ontario explorationists could find it even more difficult to continue their efforts as a result of the recent debacle at th…
Million-oz. coin
Sales of the Australian Nugget gold coin recently reached one million ounces, less than three years after it was introduced. Government agency Goldcorp Australia says the coin, released in April, 1987…
Westar income slashed by higher costs
Higher costs associated with its forest products division have slashed earnings for Westar Group, the controlling shareholder of Westar Mining (TSE). Westar reported first-quarter net earnings of $0.4…
Golden Rule has 22% stake in Waddy Lake
GR Capital Corp., a subsidiary of Golden Rule Resources (TSE), says it will not be acquiring more shares of Waddy Lake Resources (TSE), except in compliance with all legal and regulatory requirements….
Gold price not critical to Barrick profit’s
Facing a packed annual meeting audience and a toy version of his company’s brand new autoclave unit, American Barrick Resources (TSE) Chairman Peter Munk attempted to allay any concerns his shareholde…
Spot prices at a glance (May 07, 1990)
Week’s Price (US) Change Gold* $370.50 — $4.30 Silver* $5.00 — $0.02 Platinum* $476.75 — $4.00 Nickel** $4.31 + $0.02 Lead** $0.36 — $0.01 Copper- $1.27 + $0.05 Zinc $0.79 — $0.01 Courtesy of Sco…