COATS (Over-the-counter) Quiet trading
A quiet week of trading on COATS left most mining issues generally unchanged. The average number of trades per day on COATS slipped to a low of 210 last month, compared with 288 for the same period a …
News
IOCC GOLD OPTIONS (July 17, 1989)
Options Open Series Volume Last Interest Aug 370 C * 65 20.00 692 Aug 380 C * 449 9.60 1,669 Aug 390 C * 299 5.50 2,018 Aug 400 C * 741 3.00 2,292…
Metal Prices (July 17, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 11 July 10 July 7 July 6 July 5 Copper 1483-1485 15…
Glencairn Explorations signs letter of intent to fund diamond mine
A letter of intent has been signed between Glencairn Explorations (ASE) and a Brazilian bank. The bank has agreed, subject to certain conditions, to carry out a best efforts private placement offering…
Quebec to challenge U.S. ban on asbestos
The province of Quebec plans to take legal action in the United States following an announcement of a virtual ban by that country on the use of asbestos. The U.S. Environmental Protection Agency (EPA)…
Minnova, Westfield deal on Big Island base metals play
Minnova Inc. (TSE) has acquired an option to earn a 50% interest in the Big Island Lake polymetallic deposit owned by Westfield Minerals (TSE) and Goldbra e Developments (VSE). Located near Flin Flon,…
Good results from Mac zone a boost to busy Noble Peak
Busy Noble Peak Resources (ASE) recently tabled some encouraging results from an initial round of drilling at its Mac gold property in the Northwest Territories. Situated southwest of Rankin Inlet, th…
News in Brief (July 17, 1989)
Goldways Resources Inc. (GWY:VSE) has subdivided the company’s common shares on a 4-new-for-1-old share basis. Transfer agent is Montreal Trust Company.
Editorial Medals of bravery
There are few occupations where one relies on fellow workers in times of emergency to the same extent miners do. There are the everyday tasks done with the safety of others in mind and there are the f…
Spot prices at a glance (July 17, 1989)
Week’s Price (US) Change Gold* $379.50 +$ 1.10 Silver* $ 5.25 –$ 0.01 Platinum* $508.50 +$ 0.40 Nickel** $ 5.44 –$ 0.09 Lead** $ 0.31 +$ 0.01 Copper- …
Echo Bay, Zahavy deal
Echo Bay Mines (TSE) has acquired the option to earn a 50% interest in the Favourable Lake gold property owned by Zahavy Mines (ASE). Situated north of Red Lake, Ont., the property was last explored b…
Oneida exploring its Mishibishu properties
Oneida Resources (VSE) is exploring its Maple Lake property in the Mishibishu Lake area west of Wawa, Ont. Work is focusing on the Pete vein, which was discovered by Oneida last year. This work includ…