Empire gold project dispute settled
A legal dispute that has stymied development of the Empire gold project of Nevada Goldfields (NASDAQ) and Clear Creek Resources has been settled. The two companies initiated the suit against Marquette…
News
Metal Prices PRODUCER PRICES (June 19, 1989)
ALUMINUM: MW U.S. Market US89.00 cents – 95.00 cents per lb. (June 8, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (June 8, 1989). BISMUTH: New York dealer $6.10-$6.25(US) per lb. (June 8…
Metal Prices (June 19, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 13 June 12 June 9 June 8 June 7 Copper 1677-1…
Davidson boosts land holdings in Timmins area
Toronto-based Davidson Tisdale Mines (TSE) has expanded its land holdings in the Timmins area of northern Ontario. President K. R. Kent told shareholders at the recent annual meeting the company had s…
Downturn offers Equinox opportunity
While many of its competitors are bemoaning current market conditions and metal prices, Equinox Resources (TSE) views the downturn in the context of a previously successful investment strategy. Under …
McChip to drill Timmins gold bet
Additional diamond drilling is planned this year on a Timmins area gold property under option to McChip Resources (TSE) from Noranda Exploration. Under the terms of an option agreement, McChip has the…
Nerco DeLamar to joint venture War Eagle claims
Last year’s market high-flyer, War Eagle Mining (VSE), has bounced back on the mining scene with a joint venture agreement in hand for the exploration and development of its War Eagle Mountain propert…
Alberta Stock Exchange Siam gets Thai bet
Signs of a slowing Canadian economy seem to be offering little incentive for investors to come forward and speculate on resource issues. Predictably, volumes were low and losers tended to outnumbered …
Montreal Exchange Aur, Louvem find
A fairly quiet market was given a shot in the arm by the announcement of the discovery of a copper- zinc-silver-gold massive sulphide deposit on property in Louvicourt Twp. east of Val d’Or, Que. Aur …
Villeneuve options Arizona property
An option agreement has been signed by Villeneuve Resources (VSE) with Freeport-McMoRan Gold (NYSE) regarding the former’s Cruce gold property 35 miles north of Tucson, Ariz. Freeport may earn a 51% i…
Editorial Exploration demands caution
Some say the magnitude of a mineral discovery can be measured by the lawsuits it engenders. If that’s true, the copper strike announced this week by Aur Resources on Societe Miniere Louvem’s property …
CORRECTION (June 19, 1989)
In the Vancouver Stock Exchange market report of the June 5/89 issue of The Northern Miner it was erroneously reported that several officials of Can-Mac Exploration had been convicted of trading in se…