Abior options claims in Casa Berardi
An option agreement has been reached between Noranda Exploration, wholly owned by Noranda (TSE), and Exploration Abior (ME) whereby Abior may earn up to a 50% interest in the Dieppe property in Quebec…
News
Noranda to spend $3.5 million on Abermin property
A recent option agreement between Abermin (TSE) and Noranda Exploration, a unit of Noranda (TSE), could see the senior company spend up to $3.5 million on Abermin’s Hope Bay gold claims in the Northwe…
Bonanza pleased with Poirier drill results
Exploration drilling by Bonanza Metals (ASE) on the Poirier base metal property near Joutel, Que., continues to yield encouraging results, the company reports. Bonanza’s joint venture partner in the p…
Nickel price plunges
Nickel prices have been on a downward slide since the summer and are likely to continue doing so in the short term, says an analyst with Andras Research Capital. Victor Lazarovici said nickel, whose s…
Custom milling agreement, next step for Stratabound
Finding someone willing to custom mill ore from the CNE zinc- lead-silver property near Bathurst, N.B., appears to be the next logical step for Stratabound Minerals (ASE). After releasing the last bat…
Nerco, Alta Gold open new mine
Officials of Alta Gold (NASDAQ) and Nerco (NYSE) held a dedication ceremony in early January to mark the opening of the 4,000-ton-per-day Elder Creek gold mine near Battle Mountain, Nev. The new mine,…
Noranda program boosts reserves at New World
Exploration success during the 1989 field season has resulted in a substantial increase in geologic reserves for the New World gold-silver-copper project owned by Crown Butte Resources (VSE). Prepared…
Dolphin requires government help on Cape Ray project
Dolphin Explorations (TSE) says it has received a final feasibility study on the Cape Ray gold project in southwestern Newfoundland which indicates that, under current economic circumstances, Cape Ray…
Pamorex drill results revive interest in Upper Beaver mine
Some innovative geological thinking has been used to define a new, interesting-looking drill target beneath the underground workings of the old Upper Beaver mine property, near Kirkland Lake, Ont. Pam…
Goldstake tailings project moves ahead
New mine development in and around the Black Hills of South Dakota might soon be halted. But that should not affect Goldstake Explorations’ (TSE) Whitewood Creek tailings project. President Robert Cle…
Metal Prices FUTURES PRICES (January 29, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan100.40 98.40 100.10 — 4.90 Feb 98.15 97.60 98.15 — 6.55 Mar 97.90 95.75 97…
Trillion to earn 90% interest of 54-million-tonne nickel bet
There is a lot of work still to be done to develop the huge Ivory Coast nickel deposit optioned recently by Calgary-based Trillion Resources (ASE). It could take as much as seven years and around $10 …