Inel Resources to start $1-million program
A 3-phase program to include underground drilling and development is about to begin on the Inel gold property in northwestern British Columbia. Inel Resources (VSE) owns 50% of the property but can in…
News
Continental Precious Minerals to bulk sample Arkansas diamond
Continental Precious Minerals (ME) of Toronto is ready to begin work on its diamond claims in Arkansas after receiving financial backing for an initial bulk sample test. After arduous negotiations wit…
Production milestone at Republic gold mine
One of the highest grade ore deposits ever discovered at Hecla Mining Company’s (NYSE) Republic gold mine in Washington State was found 24 hours before the mine was to shut down in 1984. Since that ti…
Letters to the Editor Dome mine misplaced
I read with interest in today’s issue about the Dona Lake mine opening in Pickle Lake, Ont., Placer Dome’s third mine in the province. The article places the Dome mine in Schumacher and does not menti…
Midland to change name as Chile results tabled
Minera Rayrock Inc. (VSE), which was known until recently as Midland Gold Corp. is close to completing a four-for-one share consolidation designed to increase the company’s chances of raising explorat…
Durga to buy mill
A letter of intent has been signed between Durga Resources (ASE) and a U.S. company giving Durga the right to buy a 100% interest in a 250-ton-per-day flotation mill in Nevada. The deal also includes …
Energex moving into oil and gas
A recent agreement to acquire an American oil and gas company signals a change in direction for Energex Minerals (TSE). The company said the recent decline in the price of gold rendered its gold proje…
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 …
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)…