Louvicourt resumes drilling at gold bet
Surface and underground drilling has resumed at the gold project of Louvicourt Gold mines (COATS), 14 km east of Val d’Or, Que. The company says the surface drill pattern is designed to test four stru…
News
Deak seeks funds for mill work
Having recently raised $3.85 million in subscription funds backed by debentures, Deak Resources (TSE) is hoping to have commitments by the end of January for an additional $10 million to cover the cos…
Homestake drills strong hole on SAG’s Akaiwong project
Drilling by Homestake (NYSE) on the Akaiwong gold property held under option from South American Goldfields (TSE) in Guyana, has returned encouraging results. A 12-hole program designed to test a larg…
Metal Snips (January 22, 1990)
Low uranium prices — below US$10 per lb on the spot market — have wiped out the mining of that mineral in New Mexico. The state, which had 55 uranium mines in 1978, saw its last such mine close rece…
Card Lake active
With exploration action heating up in the Harker-Holloway area of northern Ontario, Card Lake Resources gained 1 cents to close at 33 cents on volume of 17,200 shares. American Barrick has an option…
Edinburgh to host IMM Council in July
The 14th Congress of the Council of Mining and Metallurgical Institutions will be held July 2-6 in Edinburgh, Scotland. The focus will be the expanding range of minerals and materials required by cont…
NovaGold drilling returns tin values at Mount Pleasant
NovaGold Resources (TSE) has received encouraging results from the first drill hole on its optioned Mount Pleasant tin-tungsten property. The property, in New Brunswick, is held under option from LAC …
Black Hawk drills
Drilling has resumed with three rigs at Black Hawk Mining’s (TSE) Minago nickel project in Manitoba. The program will follow up the best results received to date on the property. Last winter, Black Ha…
Metal Prices (January 22, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 16 Jan 15 Jan 12 Jan 11 Jan 10 Copper …
Montreal Exchange Indices well off
Investors lost ground in active trading for the week ended Jan. 16, with the market portfolio tumbling more than 38 points and the mining and minerals index declining more than 19 points. Daily volume…
Belmoral resumes work on Yorbeau’s Astoria
Underground exploration work has been resumed by Belmoral Mines (TSE) on Yorbeau Resources’ (TSE) Astoria gold project, three miles south of Rouyn-Noranda, Que. Drifting is under way at the AW-zone on…
Pamorex, Tundra deal
Pamorex Minerals (TSE) has signed an option agreement with Tundra Gold Mines (VSE) to explore Tundra’s Winnie Lake base metals property near Kirkland Lake, Ont. Drilling by Tundra last year intersecte…