Lencourt reports progress in Zaire
Toronto-based Lencourt Ltd. (TSE) says progress is being made in its bid to gain control of the Sominki tin and gold mining properties in Zaire, Africa. Sominki owns and operates tin and gold mines in…
News
A wealth of information at OGS mines library
The mines library at Ontario’s Geological Survey continues to grow with the acquisition of new geoscience publications from across North America and around the world. Among some of the recent arrivals…
Reources Sept 27 Cut line Should go
(Set using regular measure). Above is a table of results from six drill holes released recently by Aur Resources (TSE) and joint venture partner Societe Miniere Louvem (TSE). The partners are explorin…
Metals Page: Supply problems boost price of copper
While gold experienced a fairly quiet summer, base metals came on strongly. Mid-year inventory levels of base metals did not rise appreciably and more than a few analysts see the strength of these met…
Coral Gold may sell Nevada mine
Low gold prices and some operational problems associated with bringing a new heap leach mine on stream are expected to “hold down production” at the Robertson gold mine owned by Coral Gold (TSE). The …
Timmins Nickel Sept 26
Timmins Nickel (TSE) has acquired three more nickel properties near its operating Redstone nickel mine southeast of Timmins, Ont.: the Tontine and Hart properties, purchased for cash and shares from C…
Nuinsco to lower debt via $1.4 m debenture
Toronto-based Nuinsco Resources (TSE) has entered into an agreement with Deak International Resources Holdings, whereby Deak will subscribe for a secured convertible debenture in the principal amount …
Sept 20, 1989 (October 02, 1989)
Amos, Que. (Special) — A modest staking rush has developed recently along what is believed to be a major regional structure, as reported this year by SOQUEM in its 1988-89 annual report. This structu…
QUEENSTON
The next underground gold mines to start pouring the yellow metal along the Kirkland Lake Break in northeastern Ontario very well may be two former producers: the Upper Canada and the Upper Beaver min…
FUTURES PRICES Metal Prices (October 02, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct122.50 122.50 122.90 — 7.45 Nov– — 121.40 — Dec121.30 118.90 119.70 — 6.25 …
Law A DECISION AT LAST
At approximately 4:30 p.m. on AFriday, Aug 11, one of the most Adrawn-out lawsuits in the history of Canadian mining came to a close. The country’s highest court finally delivered its judgment confirm…
Ore Horizons VEZZA GOLD
The Vezza property, 25 km (15 miles) south of Matagami, Que., is owned jointly by Dundee-Palliser Resources and North American Rare Metals. Diamond drilling from December, 1986 to June, 1988 has outli…