Eagle Lake negotiating
Eagle Lake Explorations (ASE) is negotiating the terms of a deal, which if concluded, would lead to drilling on its lead-zinc prospect in the Anvil area of the Yukon. The claims are 12 mi northeast of…
News
Hixon Gold enters Sask. diamond hunt
Calgary-based Hixon Gold Resources (VSE) has entered into an agreement with Waddy Lake Resources (TSE) and Shane Resources (VSE) to option claims near the Prince Albert, Sask., diamond claims. Hixon c…
Montreal Exchange Wrightbar draws interest
After cresting at $8.75 early in the week, Societe Miniere Louvem ended the report period at $5.88 on 1.3 million shares of trading. Interest in Louvem increased last week on speculation of new drill …
Aur sizes up Louvicourt deposit photo (July 31, 1989)
Standing over some Louvicourt drill core are (from left), Aur geologist Yves Rougerie; Benoit Diamond Drilling President Annuncio Benoit and his son Pierre; Aur regional exploration manager Don Bubar …
NO HEADLINE (July 31, 1989)
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Thorco planning to benefit from McLeod’s mining smarts
Management at Toronto-based Thorco Resources is hoping that a new association with metallurgist Dennis McLeod will have a significant impact on some of the company’s European and South African project…
Metal Prices PRODUCER PRICES (July 31, 1989)
ALUMINUM: MW U.S. Market US83.55 cents – 77.25 cents per lb. (July 13, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.65-$5.85(US) per lb. (J…
Goldnev and Bethlehem to re-activate Noranda’s Goldstream copper
Prime Capital’s Goldnev Resources (VSE) is planning to get into the base metal business by reactivating the Goldstream copper-zinc mine near Revelstoke, B.C. The company also has a number of gold proj…
Spot prices at a glance (July 31, 1989)
Week’s Price(US) Change Gold* $371.50 –$ 8.00 Silver*$ 5.21 –$ 0.01 Platinum* $492.00 –$ 7.50 Nickel** $ 5.87 +$ 0.25 Lead** $ 0 .31 –$ 0.01 Copper $ 1…
Nickel of importance to Western Mining Corp
Mining operations in Australia continue to be the principal source of revenue for Western Mining Corp. Holdings (Australian Stock Exchange) which also has a significant presence in North America. The …
Flow-through funding off by 75% this year
The amount of venture capital raised for mineral exploration using flow-through shares has plummeted nearly 75% in the first six months of this year, says the Prospectors & Developers Association of C…
New mineral incentive program approved by Ontario legislature
Ontario’s new mineral incentive program is nearly ready and will cover eligible expenses retroactively to July 13, the day it was approved in the legislature. “We’ve had two questions since this progr…