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…
News
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…
Obituaries (July 31, 1989)
Lu Bayrock died recently at his home in Vancouver after a battle with cancer. A quaternary geologist, he successfully used his knowledge of glaciation as a consultant to the mining industry. He was cl…
Metina options Mishibishu claims
Metina Developments (VSE) and associate Manridge Explorations (TSE) have acquired an option to earn a 49% interest in 68 claims in the Mishibishu Lake area west of Wawa, Ont. Central Crude Ltd. (TSE) …
Vancouver Stock Exchange Continental Gold down 62^
Because junior gold mining issues are not on the top of most investors’ shopping lists, trading activity in Vancouver remained sluggish for yet another week. Brokers here say the only bright spot is a…
Geddes Windy Craggy keeps building reserves
One of the biggest undeveloped copper deposits in North America is getting bigger. Copper sulphide mineralization in the north zone of the Windy Craggy deposit in the alpine region of northwestern Bri…
Lord River program enhances potential
Some encouraging results have been reported by Lord River Gold Mines (VSE) from its Trout Creek property, 15 miles southeast of Carlin, Nev. Five holes totalling 2,280 ft were drilled in the central f…
Witte bounces back with Royal Oak Res.
A mere two months after she was squeezed out of the $150-million Colomac gold project, Margaret (Peggy) Witte is back in the mining business again. Undaunted by losing the huge Northwest Territories p…
FUTURES PRICES (July 31, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul115.00 113.30 114.25 + 3.80 Sep113.50 111.30 112.55 — .05 Dec109.20 1??.40 108….
Freewest in Nova Scotia
Freewest Resources (ME) has moved quickly to acquire ground near the Orex Explorations gold play in Nova Scotia. Freewest has staked 45 claims in the Upper Seal Harbour area, approximately two miles w…