Audrey confirms rise in Mobrun reserves
As expected, Audrey Resources (TSE) has received a welcome boost at the Mobrun polymetallic mine where production is on hold because of a mill construction program. Based on a study by Kilborn and Ass…
News
Metal Prices PRODUCER PRICES (March 13, 1989)
ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….
Funds expand exploration program for Int’l platinum
International Platinum Corp., (TSE) has completed a $900,000- private placement of common shares with a group of Swiss, Belgian and English investors. In addition, the company has acquired $533,000 th…
Storimin/Tandem improve odds
Recent drilling has resulted in a rather dramatic improvement in the mine-making chances for the Moss Twp. joint venture gold project of Storimin Exploration (ASE) and Tandem Resources (ME), The North…
Ponask feasibility study
A feasibility study has been started by Lake Ponask Gold (TSE) on a small zinc-lead deposit in Jamaica. Known as the Hope mine, the property produced an unknown quantity of zinc and lead from 1500-186…
Placer Dome options McKenzie Break project
Mining giant Placer Dome (TSE) has signed a letter of intent with Tundra Gold Mines (VSE) to earn a 60% interest in the McKenzie Break gold properties near Val d’Or, Que. The 406-claim group is locate…
Bitech Res. bids to expand Newfoundland land position
Bitech Energy Resources (ASE) is attempting to expand its land position at Newfoundland’s Betts Cove area where the company is working on a promising gold discovery. Toronto-based Bitech is offering t…
Chevron has $8 million for Goldquest properties
The large property holdings of Goldquest Exploration (TSE) in northern Ontario’s Red Lake gold camp will soon be the focus of a major exploration effort by a new joint venture partner. The Toronto-bas…
Homestake production climbs
A 15% increase in gold production was achieved by Homestake Mining (NYSE) during 1988. Total output climbed to 781,458 oz which Homestake emphasized “more than offset a $10 per ounce decline in the av…
COATS Trading Features (March 13, 1989)
Downward was the general direction taken by many COATS-traded mining issues this week. Chance Mining & Exploration has settled back down to the 43 cents -48 cents range after reaching a high of 76 ce…
Obituary Ralph Mitchell
Ralph “Mitch” Mitchell, involved in moving the Sherritt Gordon plant and town from Sherridon to Lynngold in Manitoba, died recently in The Pas, Man. He was 75. Mitchell was born in Toronto on Dec 13, …
Letter to the Editor Industries promote racial understanding
I refer to your Feb 13 editorial “A tenuous connection,” in which you analyze the morality of the Bank of Nova Scotia’s loan to Minorco (Luxembourg). You point out that curtailing dealings with South …