Inco options two properties
Two properties in northwestern Quebec have been optioned to Inco (TSE) by a pair of related companies. An agreement with Aunore Resources (ME) will allow Inco to earn a 100% interest in 16 claims in B…
News
Editorial Focus on Canada’s potenmtial
The potential for mineral exploration in South America will undoubtedly be one of the key mining stories of the 1990s. There has already been a shift in focus by some of the more farsighted, internati…
Obituary Walter Baker
Walter Baker, well-known prospector and resident of Larder Lake, Ont., died suddenly on March 2. He was 86. Baker began prospecting at an early age in the Bisset-Rice Lake gold camp of Manitoba and du…
Breakwater issues flow-through shares
Flow-through shares with a value of up to $1 million will be issued by Breakwater Resources (TSE) to CMP 1990 Resource Partnership, at a negotiated premium to the average market price of Breakwater sh…
Golden Pacific commences exploration
Exploration and development have commenced on the Penon Blanco property in Mariposa and Tuolomne counties, Calif. Owner Golden Pacific Resources (ASE) is currently engaged in line cutting, geological …
Metal Prices (March 12, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 6 Mar. 5 Mar. 2 Mar. 1 Feb. 28 Copper 1594-1596 1570-1571 1545-1547…
Spot prices at a glance (March 12, 1990)
Week’s Price (US) Change Gold* $402.60 $ 6.50 Silver* $ 5.14 +$ 0.02 Platinum* $508.55 –$ 2.95 Nickel** $ 3.96 +$ 0.54 Lead** $ 0.45 +$ 0.06 Copper $ 1.18 +$ 0.07 Zinc $ 0.72 +$ 0.03 Courtesy of Scot…
Timmins Nickel producing again
Junior nickel miner Timmins Nickel (TSE) has resumed production and is increasing output at its 51% owned Redstone mine near Timmins, Ont. The company says it will return to an annual production rate …
US$9.3 million budget for Fort Knox
The development of the Fort Knox property, near Fairbanks, Alaska, is scheduled to resume May 1. Fairbanks Gold (VSE), 51% owner of the property and the project operator, plans to spend US$9.3 million…
Strike at Doyon Mine ends
The strike at the Doyon Mine in northwestern Quebec has ended. Doyon is owned by equal partners LAC Minerals (TSE) and Cambior (TSE). The 380 hourly employees, who have been on strike since Feb. 4, vo…
B.C. exploration programs during 1989 raised profile of key base
deposits Last year was an exciting time for new discoveries in British Columbia, and also a year of change for mineral exploration. Junior exploration companies maintained a prominent role on the prov…
Exploration programs key on base metal prospects
Even though base metal prices have softened, the mining industry is in better shape now than it has been for many years, and exploration directed toward polymetallic deposits is still being conducted …