Preliminary work encouraging: Rogi
An IP survey on the Lourmet property near Val d’Or, Que., has returned encouraging results, Exploration Rogi (ME) and Aur Resources (TSE) report. Indicated is a strong anomaly coinciding with a volcan…
News
COATS (over-the-counter) Teddy Bear active
After forming a joint venture with Noranda Exploration to continue work on a Harker Twp., Ont., gold property, Teddy Bear Valley Mines advanced to $1.50 this week on news of recent drill results from …
Golden Trio, Locke $4.7 m placement
Golden Trio Minerals (TSE) recently entered into a $4.7 million private placement deal with Locke Rich Minerals (VSE). Under the agreement, Locke Rich will purchase either five million special warra…
Samatrosum mine opens producing silver, zinc plus copper, lead,
The sun shone only briefly during the official opening of the Samatosum mine 40 km from this small community, but it was enough to cap a red letter day for Minnova Inc. (TSE) and junior partner Rea Go…
Cameco, Claude deal
Cameco has signed an agreement with Claude Resources (TSE), giving it the right to earn a 70% interest in Claude’s diamond prospects in Saskatchewan. The 97,000-acre property near Prince Albert covers…
Metal Prices FUTURES PRICES (November 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 115.95 + 1.05 Dec118.50 117.40 118.25 + 3.15 Jan116.00 114.40 115.65 -…
LAC looks to Chile
LAC Minerals is putting a lot of effort into exploration in Chile because it offers “superlative geological potential, a mining infrastructure, skilled workers and a strong economy,” says chairman Pet…
Major General busy in Newfoundland
Vancouver-based Major General Resources reports that a diamond drilling program has started on its Rendell-Jackman gold property held under option from Noranda Inc. (TSE) in north-central Newfoundland…
Rio Algom weighing buyout of Uranium Resources
Dallas-based Uranium Resources (TSE) recently confirmed that a U.S. subsidiary of Rio Algom (TSE) is a potential buyer for all its outstanding shares. The company’s non-binding letter of intent with R…
GSC Forum 90
The Geological Survey of Canada’s Forum 90 will be held Jan 15-17, 1990, in Ottawa, Ont. The theme will be the Survey’s work in the Arctic. Talks and post er presentations will follow the forum. Popul…
Metal Prices (November 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 31 Oct 30 Oct 27 Oct 26 Oct 25 Copper 1724…
Southam buys The Northern Miner
The Southam Business Information and Communications Group Inc. and Mr Richard Pearce have announced that Southam has purchased The Northern Miner weekly newspaper and other publications, along with No…