Tundra, Placer holes
A drill program by partners Tundra Gold Mines (VSE) and Placer Dome (TSE) has intersected narrow intersections of gold-bearing material along the MP zone on the McKenzie property. Near Val d’Or, Que.,…
News
Stratmin welcomes graphite partner
An unnamed company will become a 51% owner in the graphite project of Stratmin Inc. (ME) near Mont-Laurier, Que. Stratmin reports a wholly owned subsidiary, Stratmin Graphite, will form a partnership …
Chevron completes Goldquest drilling
A total of 25,600 ft of diamond drilling in 22 holes was completed recently by Chevron Minerals, a unit of Chevron Corp. (NYSE), on property under option from Goldquest Exploration (TSE) in the Red La…
Fairbanks reviewing proposal from major
With a written proposal in hand, Fairbanks Gold (VSE) is evaluating an offer by a major mining company for possible involvement in the company and its Alaskan mineral properties. Eric Friedland, pre…
Doe Run seeks permission to look for Missouri lead
The Doe Run Co., America’s largest producer of primary lead, is seeking government permission to begin exploratory drilling around its southeastern Missouri lead mines. Environmentalists are opposed t…
Minorco rumor follows heavy trading in LAC
Speculation that Minorco, the Luxembourg-based mining house, is accumulating shares of LAC Minerals (TSE) in a takeover bid, has sparked a wave of buying in the latter company’s shares on The Toronto …
Correction (December 04, 1989)
Contary to what was reported (N.M., Nov 27/89), NovaGold Resources (TSE) President Gerald McConnell currently holds 577,000 of the company’s shares. Secretary-treasurer Angus McIssac holds 758,837 Nov…
Placer Dome US may enter joint venture with Athena
A letter of agreement between Athena Gold (VSE) and Placer Dome U.S., a wholly owned subsidiary of Placer Dome (TSE), could result ultimately in a joint venture between the two companies. The formatio…
Hecla losses continue
Low gold and silver prices were blamed for recent losses at Hecla Mining (NYSE). The company reported a third-quarter loss of $3.5 million(US), citing start-up expenses at the Greens Creek mine in Ala…
Spot prices at a glance (December 04, 1989)
Week’s Price (US) Change Gold*$410.75+$ 4.15 Silver*$ 5.61 $ 0.19 Platinum*$515.35 $17.15 Nickel**$ 4.17 $ 0.18 Lead**$ 0.30 Copper-$ 1.15+$ 0.03 Zinc-$ 0.64+$ 0.01 Courtesy of Scotiabank. Informa…
Muscocho closing Montauban gold mine
Gold-mining operations at the small Montauban project of Muscocho Explorations (TSE) near Quebec City, Que., will be closed down early next year. Muscocho says it is terminating operations at the mine…
Antioch seeks funds for N.S. Mines
Westminer (Canada) may have done another company a favor when it abruptly dropped an option on the Logan gold property here in November, 1988. Its sudden departure, after spending $5 million on drifti…