Aurizon drilling Connell property
A phase-one drilling program is under way on the Connell Corner property in the Val d’Or, Que., area, Aurizon Mines (TSE) reports. The property is within 1,350 m of the Aur/Louvem copper-zinc discover…
News
Shaft changeover helps to reduce Brunswick earnings
The changeover to a deepened shaft and a maintenance shutdown are among the reasons given by Brunswick Mining and Smelting (TSE) for reduced third-quarter net earnings. The Noranda affiliate recorded …
Claude busy at Seabee gold bet
An underground exploration program, which began earlier this month at Claude Resources’ (TSE) Seabee project in northern Saskatchewan, is scheduled to reach completion by year-end, the company reports…
Canarim agrees to buy unsold Prime units
The Vancouver Stock Exchange received confirmation that Canarim Investment will subscribe for and take down one million units of Prime Resources (VSE) that had been the subject of a recently disclosed…
News in Brief (October 30, 1989)
A NIM and Company limited partnership has committed for the flow-through private placement of $300,000 at 30 cents per share to Teeshin Resources (VSE). Funds will be used on the Dome Mountain projec…
Spot prices at a glance (October 30, 1989)
Week’s Price (US) Change Gold*$368.35+$ 0.25 Silver*$ 5.13+ Platinum*$482.80 –$ 4.20 Nickel**$ 4.68–$ 0.03 Lead**$ 0.35+ Copper$ 1.25 — 0.07 Zinc$ 0.69–$ 0.06 Courtesy of Scotiabank. Inform…
FUTURES PRICES Metal Prices (October 30, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct– — 114.70 — 14.60 Nov119.60 117.00 114.90 — 13.90 Dec119.90 113.40 115.10 -…
Ramp intersects vein structure at Hemlo Gold, Central Crude bet
A decline ramp collared at surface at the Eagle River gold property in the Mishibishu area of northwestern Ontario had been extended 2,066 ft by the end of September, Hemlo Gold Mines (TSE) and Centra…
Red Dog project set to enter production
The massive Red Dog lead-zinc- silver project of Cominco Ltd. (TSE) in northwestern Alaska will begin production by the end of the year but there will be no shipments until the warm waters return abou…
Minnova prepares pit plan for Chu Chua
The Chu Chua massive sulphide deposit near Adams Lake, B.C., appears to be moving closer to production. A preliminary open pit plan was prepared by Mintec Inc. for project operator Minnova Inc. (TSE) …
Belmoral probing Aurora copper bet
Belmoral Mines (TSE) has started a 2,000-ft drill program at Aurora Gold’s (ASE) Rock Lake copper- gold property in Aberdeen and Plummer twps., near Sault Ste. Marie, Ont. Belmoral is earning a 50% st…
Integrated biddingfor Northern shares
Integrated Resources (ASE) has offered to acquire a 51% stake in Edmonton-based Northern Minerals (TSE), which was previously known as Pacific Trans-Ocean Resources. Shareholders of Northern Minerals …