Editorial Interpreting polls
If a poll conducted for the Mining Association of Canada by the Angus Reid Group can be believed, Canadians have a great deal of faith in the mining industry’s ability to carry out its business withou…
News
Spinoffs from mining benefit Northwestern Ontario
Ever since the first big gold rush to Red Lake, Ont., back in the 1920s, the vast expanse of Ontario’s northwestern region has presented a curious mixture of challenge and opportunity to the mining in…
Metal Prices FUTURES PRICES (October 09, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct130.00 129.40 129.55 + 6.65 Nov– — 127.45 + 6.05 Dec126.95 125.30 125.95 + …
Continental acquiring diamond property
Several gem quality diamonds have been discovered at the American Diamond Mine property in Arkansas, Continental Precious Minerals (ME) reports. Largest of the diamonds uncovered is 0.7 of a carat. Th…
Cross-Cuts IN A GOLDEN RUT
South African gold production has remained stagnant at about 620 tonnes per year since 1985. Taking up the slack has been the rest of the non-communist world, which boosted production to 970 tonnes la…
MOBRUN
By 1992, the 1-million-tonne mineable reserve of copper, zinc, gold and silver in the Mobrun mine should be all mined out. Nevertheless, the amount of ore hoisted from the mine will not fall to zero a…
Black Gregor raises $1 million for exploration work
Toronto-based Black Gregor Explorations (COATS) has completed two private placements to raise funds in the amount of $400,000 and $600,000 respectively. The proceeds will be used for exploration progr…
Nerco drilling War Eagle bet
An affiliate of Nerco Inc. (NYSE) has completed four reverse circulation holes on the War Eagle Mountain gold-silver property within the Owyhee trend of southwestern Idaho. War Eagle Mining (VSE), whi…
Vancouver Stock Exchange (October 02, 1989)
Trading activity in Vancouver continues to be dominated by companies in Murray Pezim’s stable. But this week most issues under the Prime group umbrella continued to weaken from the lofty highs achieve…
FINANCING (October 02, 1989)
Aramis Ventures — 500,000 sold for gross $225,000 Golden Pick Res — 250,000 com & 250,000 flow-through offered @ 50 cents per sh Mad River Res — 670,000 offered @ 33 cents per sh Southern Cross G…
Spinner to sell Manitou interest to Gold Vessel
Montreal-based Gold Vessel Resources (ASE) has signed a preliminary agreement to acquire Gold Spinner International’s stake in the Manitou tailings project east of Val d’Or, Que. Under an agreement wi…
Mountain Lake metal bet optioned by Joutel Res.
Toronto-based Joutel Resources (TSE) recently signed a preliminary agreement to earn a 50% stake in Mountain Lake Resources’ (VSE) Ben Nevis Twp. claims northeast of Kirkland Lake, Ont. Two zones, one…