Metal snips (June 26, 1989)
Plans to expand the capacity of a number of zinc-producing facilities around the world are in the works. Zinc Corp. of America is reported to be considering increasing the capacity of its Monaca, Pa.,…
News
Goldpost to mine high grade ore
Actively exploring a couple of prospects east of Timmins, Ont., Goldpost Resources (TSE) reports it plans to mine about 10,000 tons of high grade ore from the Gibson West zone lying above the 250-ft l…
Hamburg, West Germany to host Potash ’91
The second international potash technology conference will take place May 27-28, 1991, in Hamburg, West Germany. “Potash 91” will survey new developments in the potash industry including topics in geo…
Crown Butte options Noranda properties
A 60,000-ft drill program funded by a unit of Crown Butte Resources (VSE) has started on two recently- optioned gold properties situated about 17 miles south of the famous Lead Mining District in Sout…
Cons Professor still waiting to build mine
An improvement in the price of gold, together with appropriate environmental approvals, will both be necessary before production is assured a Consolidate Professo Mines (TSE Dupor gol projec ne…
Canadian Giant expands Newfoundland holdings
Six exploration properties comprising 365 claims in northern Newfoundland have been acquired by Canadian Giant Exploration (VSE) from Toronto-based Cliff Resources (TSE). The acquisition increases the…
Asarco, Montana Res. in partnership deal
An agreement to form a partnership that will own the Montana copper mining business of Montana Resources has been completed by that company and Asarco Inc. (NYSE). Asarco purchased a 49.9% interest in…
Some observers say find the best since Kidd Creek
Mining analysts and industry executives are calling it the most significant base metals strike since the Kidd Creek orebody was discovered near Timmins, Ont., by Texas Gulf back in 1964. The copper-zi…
Audrey’s best hole adds to Mobrun ore potential
A hole drilled to determine the upper limits of the large 1100 lens located near the Mobrun mine shaft in northwestern Quebec “is the best hole to have been carried out on the Mobrun property,” Audrey…
IOCC GOLD OPTIONS (June 26, 1989)
Options Open eries Volume Last Interest Aug 370 C * 218 9.00 743 Aug 380 C * 325 4.60 1,854 Aug 390 C * 274 2.50 1,742 Aug 400 C * 981 1.40 2,769 Nov 360 C * 125 22.00…
High River-Sikaman conclude agreement
An agreement has been concluded between High River Gold Mines (TSE) and Sikaman Gold Resources (TSE) which will transfer the former’s interest in the gold- bearing arsenical residues at the company’s …
Metal Prices (June 26, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 20 June 19 June 16 June 15 June 14 Copper …