Discovery boosts Crown Butte
Widespread speculation that a significant gold skarn deposit is shaping up on the New World project in Park Cty., Mont., has dramatical ly boosted the share price of owner/operator, Crown Butte Resour…
News
New Cambior mine honors former Sullivan chairman
The newest producing gold property of Cambior Inc. (TSE) has been officially opened and given a new name: the Lucien C. Beliveau mine. Situated 15 miles east of here just off the main highway, the mi…
Troymin at Hanson Lake
Troymin Resources (ASE) and Granges Inc. (TSE) are considering exploration plans for their 11,000- acre property near Hanson Lake, Sask. The prope rty hosts tw o small sulphide lenses known as the Bal…
Eastmain Sept 15
The depressed environment for raising exploration funds for junior companies is being blamed by Eastmain Resources (TSE) for its inability to contri bute to th e 1989 exploration program conducted by …
Petromet Sept 19
Exploration data from the Ming West deposit are being assessed before the final part of a $3.8-million exploration program is completed, partners Petromet Res ources (TSE), Newfoundland Exploration (T…
LAC to earn 50% of DRX gold bet
New York-based DRX Inc. is teaming up with Toronto gold producer LAC Minerals (TSE) to explore DRX’s Midas property on the Carlin Trend in Nevada. The 283-claim property lies in the northwestern end o…
Metal Prices FUTURES PRICES (September 25, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep140.50 137.00 137.00 + 6.50 Oct133.20 133.20 130.35 + 1.45 Dec129.90 125.80 125.95 …
Perrex gets financing
Perrex Resources (ASE) has signed a letter of intent with NIM and Co, a flow-through fund, for a $500,000 private placement of Perrex shares. T he money will b e used to fund exploration on Perrex’s I…
Metal Prices PRODUCER PRICES (September 18, 1989)
ALUMINUM: MW U.S. Market US79.25 cents – 81.25 cents per lb. (Sept 7, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.65-$4.80(US) per lb. (A…
Copper boosts Cyprus earnings
Led by continued strength in copper, molybdenum and lithium markets, 1989 second-quarter earnings for Cyprus Minerals (NYSE) reached $61.7 million(US) or $1.48 per share on revenues of $453.5 million….
Sindor active
The average daily value traded on COATS rose sharply last month to more than $5 million, up from a low of $721,256 reached in May this year. The share price of Atlantic Goldfields moved ahead 28 cents…
Garrison joint venture has reserve estimate
A preliminary estimate of gold reserves has been released by Perrex Resources (ASE) for the Garrison Twp., Ont., joint venture with LAC Minerals (TSE) and Silverside Resources (TSE). Perrex reports th…