Frontier, Beaufield deal
High Frontier Resources (VSE) has optioned 144 claims in Louvicourt, Pascalis and Vauquelin twps., Que., from Beaufield Resources (TSE). The claims are in the general vicinity of the Aur-Louvem base m…
News
Spot prices at a glance (July 10, 1989)
Week’s Price (US) Change Gold*$378.40 $ 4.65 Silver*$ 5.26–$ 0.04 Platinum*$508.10+$ 3.00 Nickel**$ 5.53+$ 0.11 Lead**$ 0.30 $ 0.00 Copper$ 1.11–$ 0.04 Zinc$ 0.76—- Courtesy of Scotiabank. I…
Monique jumps 21 cents
Volume leader, once again, was Societe Miniere Louvem which recovered from a stumble late last week to close at $4.35. Louvem’s recent annual meeting drew a fullhouse as shareholders clamored for info…
Metal Prices PRODUCER PRICES (July 10, 1989)
ALUMINUM: MW U.S. Market 87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (Jun…
Agnico deal with North American
Agnico-Eagle Mines (TSE) has acquired an option to earn a 51% interest in the Vezza gold deposit and surrounding lands controlled by North American Rare Metals (ME) and Dundee-Palliser Resources (TSE)…
Falling metal prices hurt commodity index (July 10, 1989)
Metal prices continue to fall, dragging Scotiabank’s monthly all- commodity price index with them. The index was down by 1.1% in May compared with April. Bank economist Patricia Mohr says the decline …
Vista looks at non-mining deals
Vista Mines (TSE) plans to diversify out of the mining business. Following a change in management earlier this year, Vista is negotiating to acquire a company in another business area. In the mining a…
Tarzan reports Joburke results
A drill program comprising 3,900 ft in six holes has been completed on the Joburke Mine property by joint venture partners Tarzan Gold (ASE) and Noranda Exploration. The property is located in Keith T…
X-Cal Res. arranges private placement
A private placement involving 638,298 common shares of X-Cal Resources (TSE) at 47 cents per share has been arranged with two European financial institutions, X-Cal reports. Proceeds from the $300,00…
Significant find at Cannon mine
A new mineralized trend, which Asamera Minerals (TSE) says extends for more than 14,000 ft and is still open to the south, has been identified on the Cannon mine property at Wenatchee, Wash. Asamera h…
Marking 25th year, Echo Bay set to produce 725,000 oz
Major North American producer Echo Bay Mines (TSE) turned out 585,000 oz gold in 1988 and is looking to boost that total to 725,000 this year. The company, celebrating its 25th anniversary in 1989, al…
Aurizon to reassess Louvicourt Twp. bet
Following the recent massive sulphide discovery reported at Louvicourt Twp. east of Val d’Or, Que., Aurizon Mines (TSE) has decided to re-asse ss its Beacon property Located about 1,350 m west of the …