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…
News
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…
Nuinsco’s Hume a believer
Nuinsco Resources (TSE) President Doug Hume remains doggedly determined that his company’s Cameron Lake gold project in northwestern Ontario will even tually be a mine. After a number of setbacks, inc…
Noranda to drill Orcana’s Val d’Or base metal claims
A $200,000 exploration program is scheduled to begin this month on Orcana Resources’ (VSE) Farquharson base metal property recently optioned by Noranda Exploration, a unit of Noranda (TSE). The proper…
Market speculation pushes Miramar
Junior company Miramar Mining (VSE) has once again become the subject of market speculation over its 49% owned Bruner project, also known as the Paymaster properties, in Nye Cty., Nev. Common shares o…