People (September 04, 1989)
DEJOUR MINES — L.J. (Jack) Gunter appointed president and chief executive officer and to the board.
News
Billiton to explore Ican’s Oregon porphyry gold deposit
Billiton Minerals USA, the mineral wing of Houston-based Shell Oil Co., has signed a preliminary agreement to earn 51% in Ican Minerals’ (ASE) Racey gold project in southeastern Oregon. Last winter Ic…
Curragh, Hillsborough complete drilling program at Mt Hundere
A major drill program comprising 58,000 ft in 74 holes has been completed on the Mt Hundere zinc- lead-silver property in the Yukon Territory by partners Hillsborough Resources (TSE) and Curragh Resou…
Mining Corp. buying Goldpost property
Goldpost Resources (TSE) and Mining Corp. of Canada have entered into an agreement whereby the latter will purchase Goldpost’s Hislop West property situated east of Timmins, Ont. Goldpost will receive…
Toronto Stock Exchange Lively base metals help keep market active
Bouyant investor interest in base metal stocks helped push the integrated mines index higher to 4081.06 points this week. The Toronto Stock Exchange’s 300 composite index, a wide measure of Canadian s…
Spot prices at a glance (September 04, 1989)
Week’s Price (US) Change Gold*$361.20–$ 5.60 Silver*$ 5.13–$ 0.10 Platinum*$477.10–$ 8.25 Nickel**$ 5.72+$ 0.07 Lead**$ 0.34+$ 0.02 Copper$ 1.36+$ 0.05 Zinc$ 0.84–$ 0.04 Courtesy of Scotiaba…
Bullish outlook for base metals from Australian analyst
An Australian-based securities firm falls into the bullish camp for base metals when looking ahead to 1990 and beyond. J. B. Were & Son, in a recent publication, foresees supply rising to meet demand …
Athlone completes drilling program
Seven short holes testing a gold- copper zone have been completed by joint venture partners Athlone Resources (VSE) and Vital Pacific Resources (VSE) on their Soup property situated of Johanson Lake, …
Black Hawk’s Minago yields good results
The first hole in a drill program under way on Black Hawk Mining’s (TSE) Minago nickel property has intersected encouraging results in a northeast extension to the main zone. The Minago nickel project…
Letters The Role of Geostatics
In the regular column headed “Suggestion Box” in your June, 1989, issue, Normand Champigny quite rightly points out that ore reserve calculations should be done by a team of professionals, but unfortu…
THE GREAT PRAIRIE DIAMOND HUNT
The French have a saying: “As false as a diamond from Canada.” The phrase orig inates with a load of “diamonds” the explorer Jacques Cartier uncovered near the St. Lawrence River in 1541 and subsequen…
What’s New Indicator/Monitor
Bailey Controls of Burlington, Ont., introduces the PI750 intelligent process indicator/monitor. Only two models cover the full range of inputs. An ac model can be ranged from 1 to 600 VAC, while the …