News


Inco, Golden Knight drilling

Exploration around the Casa Berardi East and West gold mines, held jointly by Golden Knight Resources (TSE) and Inco Gold, has yielded some encouraging results. After spending $11 million on undergrou…


Alberta Stock Exchange Gowest gains 16 cents

Several junior exploration companies with interests in gold properties in northwestern Quebec made significant gains during the week ended Feb. 13. Gowest Amalgamated tacked on 16 cents to its share p…



Goldbelt gets option

Goldbelt Mines (TSE) has signed an option agreement with Glen Auden Resources (TSE), giving the company the right to earn a 50% interest in Glen Auden’s 219-claim property in Moody Twp., Ont. The Mood…



Gordex Correction

A recent query on Gordex Minerals (T.N.M., Feb. 5/90) included incorrect information regarding the company’s CIP processing plant in New Brunswick. Contrary to what was printed, the CIP plant at Gorde…


Metal Prices PRODUCER PRICES (February 19, 1990)

ALUMINUM: MW U.S. Market US64.00- 66.00 cents per lb. (Feb. 1, 1990). ANTIMONY: New York dealer US88-90 cents per lb. (Jan. 25, 1990). BISMUTH: New York dealer US$4.35-4.45 per lb. (Feb. 1, 1990). CAD…



Equity posts $16-million reclamation bond

The costs associated with closing a mine in these environmentally sensitive times have become an important issue for Equity Silver Mines (TSE). The Vancouver-based company posted a $16-million reclama…


Letters to the Editor No connection

I write to draw attention to an error (T.N.M., Feb. 12/90) in the article “Rio, Denison sue each other over Elliot Lake practices.” In the closing paragraph, the writer attributes the pending closure …


McNickel to earn 50% of Spud Valley bet

Toronto-based McAdam Resources (TSE) has entered into an agreement with McNickel (COATS), giving the latter company the right to acquire a 25% interest in McAdam’s Spud Valley gold property on Vancouv…


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