News in Brief (February 05, 1990)
Chesbar Resources (TSE) has changed its transfer agent to Royal Trust Co.
News
Metal Prices (February 05, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 30 Jan 29 Jan 26 Jan 25 Jan 24 Copper 1300-1302 13…
Crown Jewel lives up to its name
The Crown Jewel deposit, formerly known as the Buckhorn Mountain property, is proving to be a jewel for owner Crown Resources (NASDAQ). Following a detailed study of all drilling results to date, inde…
Orient drilling at Sturgeon River
A drilling program representing 10,000 ft. has been started up by Ressources Orient (ME) at the Sturgeon River polymetallic project in the Geraldton area of northwestern Ontario. The property comprise…
Metal prices push commodity index down
Sliding metal prices had a negative effect on Scotiabank’s all- commodity price index in December, which was off 0.8% from the previous month. The all-items index has fallen 9.5% in the last year. Eco…
IOCC GOLD OPTIONS (February 05, 1990)
Options Open SeriesVolumeLastInterest Feb. 410 C * 85513.001,743 Feb. 420 C * 966 6.603,015 Feb. 430 C .1,294 4.003,322 Feb. 450 C * 729 2.001,201 May 420 C * 63020.001,501 May 430 C * 55014.001,…
Vancouver Stock Exchange Investors in wait-and-see mood
On Jan. 26, a fat lady with horns and blonde braids (really a board marker dressed up like Brunhilde) sang a final aria on the floor of the Vancouver Stock Exchange to show “it’s really over.” The eve…
Alberta Stock Exchange says it held its own during 1989
It may be regarded as the little brother among the family of Canadian stock exchanges, but in 1989 the Alberta Stock Exchange more than held its own in a competitive market environment. The volume of …
Price swings renew majors’ exploration in B.C.
For British Columbia’s mining industry, 1989 was a year where the only constant was change. Most notably, the past year saw the return of major exploration companies as the leading spenders and a resu…
Canamax loss hinders Amax earnings
Amax Gold (TSE) hasn’t been actively soliciting offers for its 49.7% stake in Vancouver affiliate Canamax Resources (TSE), but Mark Lettes, treasurer of Colorado- based Amax, says if a good offer come…
Spirit Lake’s Edwards claims could host small gold orebody
A $400,000 exploration program at Spirit Lake Explorations’ (ME) Edwards gold property northeast of Wawa, Ont., will focus on defining a small but high-grading deposit, President John Hansuld told sha…
Samatosum beats recoveries made during tune-up
Higher grades and concentrate recoveries are being reported for the Samatosum polymetal mine operated by Minnova (TSE) near Kamloops, B.C. Sized at 550 tons per day, the Samatosum mine started commerc…