Sunburst deals Tribag copper bet to Noranda
Toronto-based Sunburst Exploration (TSE) says it has reached an agreement for Noranda Exploration, a unit of Noranda (TSE), to option its Tribag copper property in northern Ontario. The property, abou…
News
In-fill drilling completed at Mt. Milligan
New results were released by Continental Gold (VSE) from the recently completed initial infill drill program within the Mt. Milligan gold-copper deposit, near Prince George, B.C. The company said the …
Spot prices at a glance (January 15, 1990)
Week’s Price (US) Change Gold*$405.85+$ 9.55 Silver*$ 5.27+$ 0.11 Platinum*$493.75+$17.50 Nickel**$ 3.49–$ 0.05 Lead**$ 0.34+$ 0.01 Copper$ 1.14+$ 0.04 Zinc$ 0.61–$ 0.01 Courtesy of Scotiaban…
Santa Fe boosts reserves at Rabbit Creek
A significant increase in gold reserves was announced by Santa Fe Pacific Minerals, a unit of Santa Fe Southern Pacific (NYSE), for its 100% owned Rabbit Creek gold mine project, 35 miles northeast of…
Deep drilling planned for Fontana
A deep drilling project, costing about $500,000, is planned for the Fontana property in Duverney Twp., Que., says Jean Depatie, president of Bay Resources & Services (ASE) and Stratmin (ME), the major…
Obituary John Cole
John Younglove Cole, mining executive and lawyer, died recently in Redwood City, Calif. He was 89. Cole, a mining developer since 1925, discovered and staked the Cole gold mine, thus contributing to t…
Metal Prices FUTURES PRICES (January 15, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan112.80 110.80 110.80 + 4.00 Feb110.70 110.70 110.70 + 4.00 Mar112.50 110.00 110…
Aur drops Turner-Albright after metallurgical tests
Over the next few weeks, Savanna Resources (ASE) will attempt to answer some of the questions regarding its Turner- Albright massive sulphide project in southern Oregon. After receiving results of met…
Breakwater makes offer to acquire El Mochito
Gold producer Breakwater Resources (TSE) has announced plans to acquire all the outstanding shares of American Pacific Mining (TSE) which owns and operates the profitable El Mochito polymetallic mine …
News in Brief (January 15, 1990)
Coin Lake Mines has changed its name to United Coin Lake Gold Mines (UCM:TSE) on a 1-new- for-2-old-share basis. Transfer agent is Central Guaranty Trust Company.
Golconda acquires third Oregon bet
An agreement has been signed between Calgary-based Golconda Resources (ASE) and Manville Sales whereby Golconda can acquire the Meadow Lake gold property in eastern Oregon. Manville Sales is a unit of…
Insider Trading Geddes Chairman sells shares as Windy Craggy
Geddes Resources’ (TSE) Chairman Geddes Webster recently took advantage of some of the speculation surrounding the company’s Windy Craggy copper project in northern British Columbia. After exercising …