People (November 13, 1989)
PIONEER METALS — The new board of directors consists of Stephen Sorenson, chairman; Dr Stewart Blusson, vice-president, exploration; and Wayne Smith.
News
Timmins hits
Another strong intersection has been drilled by Timmins Nickel (TSE) on the company’s Redstone nickel mine property near Timmins, Ont. The company has been drilling deep holes designed to test the min…
FUTURES PRICES Metal Prices (November 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 113.85 — 2.10 Dec115.00 114.30 114.35 — 3.90 Jan114.00 113.70 112.15 …
Minera Rayrock increases reserves at Chilean deposit
Drilling by Minera Rayrock (TSE) has added another two million tons of reserves to the company’s Ivan copper deposit in Chile. Reserves have been recalculated to 5.8 million tons grading 2.4% copper. …
Snip viable only if Iskut River road is built
A green light for road access into the Iskut River gold camp of northwestern British Columbia is likely to mean approval for the Snip gold deposit. According to Prime Resources (VSE), which has a 40% …
Mazarin subsidiary
Quebec-based junior Societe d’Exploration Miniere Mazarin (ME) is taking on a subsidiary to allow it to focus its attention on the LAC Knife graphite project near Fermont, Que. The subsidiary, Petro G…
Third quarter boosts Pioneer bottom line
Third-quarter earnings for Pioneer Metals (TSE) reached $355,000 or 1 cents per share for the period ended Sept 30. This reduces the company’s loss to $816,000 or 4 cents per share for the nine mont…
Montreal Exchange Mining issues shine (November 13, 1989)
Resource issues, responding to the rising price of gold, staged a recovery this past week. The mining and minerals index climbed a respectable 56 points, in contrast to the general market portfolio in…
HudBay’s profit up
Strong copper and zinc prices resulted in improved earnings for Hudson Bay Mining and Smelting, the 100%-owned company of Inspiration Resources (NYSE). For the quarter ended Sept 30, Hudson Bay earned…
Gold funds as of Nov 7
MVP BGR Central Capital Net value $11.70 $5.96 $0.52 Price $10.75 $5.62 $0.26 Discount 8.12% –5.6% 50% Value $69,681,890 100,299,963 N/A…
NovaGold reports results from New Mexico property
Assay results have been released by NovaGold Resources (TSE) from two recently completed drill holes on the Summit gold project in New Mexico. NovaGold reports that both holes intersected moderate wid…
UNB open house
The Geological Engineering Society at the University of New Brunswick (UNB) is hosting its fifth annual open house on Nov 20. The open house provides members of industry and government to become famil…