Metal Prices PRODUCER PRICES (May 01, 1989)
ALUMINUM: MW U.S. Market US96.00- 98.00 cents per lb. (Apr 13, 1989). ANTIMONY: New York dealer 99 cents -$1.01(US) per lb. (Apr 6, 1989). BISMUTH: New York dealer $6.55-$6.70(US) per lb (Apr 13, 1989…
News
Suntac resumes drilling at Polaris-Taku
The 1989 exploration and development program by Suntac Minerals Corp. (VSE) is under way on the Polaris- Taku mine project with the first three surface holes returning impressive gold values. Last fal…
Hanson Lake results
Trimin Resources (VSE), formerly Tri Gold Industries, says recent drilling on the Hanson Lake project in northern Saskatchewan continues to return significant grades of zinc and copper with associated…
Forget looks for best deal in Agnico/Dumagami merger
A Montreal businessman has hired an investment firm to help champion the rights of Dumagami Mines’ (TSE) minority shareholders should the company merge with Agnico-Eagle Mines (TSE). Jacques Forget en…
Metal Prices (May 01, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr 25 Apr 24 Apr 21 Apr 20 Apr 19 Copper 1800-18…
Negative results reported by USMX (May 01, 1989)
Drill results are not encouraging from USMX Inc.’s (NASDAQ) Goldbanks Hill propery in Pershing Cty., Nev. The first 11 of 21 holes on the property failed to intersect significant mineralization, the c…
Athabaska Increases Reserves at Nicholas Lake
Recent drilling by Athabaska Gold Resources (VSE) has boosted probable and possible reserves at the Nicholas Lake gold project near Yellowknife, N.W.T., to an estimated one million tons grading 0.32 o…
Antelope plans big program near Le Roi mine property
Antelope Resources (VSE) will spend $1 million or more on its Rossland, B.C., gold property this year. The project is a joint venture with Bryndon Ventures (ASE). To date, over 40,000 ft of drilling h…
OFF-HIGHWAY HAULAGE
The following are summaries of a selection of papers delivered at a conference entitled “Off-Highway Haulage in Surface Mines.” Sponsored by the Canada Centre for Mineral and Energy Technology (CANMET…
What’s New Blast Monitor
Instantel Inc. of Kanata, Ont., is marketing a new family of seismographs suitable for blast monitoring. The DS-677 BlastMate features electronic storage of up to 30 blast events and a computer interf…
What’s New Loadstar at Westar
The Greenhills mine in southwestern British Columbia began using a new Demag H285 hydraulic excavator in 1988. The unit is the first in Canada, according to Wajax Industries of Etobicoke, Ont., distri…
What’s New Rock Breakers
Two new light-duty impact breakers have been introduced by Ohio- based Allied. Both hammers feature a patented hydraulic design. A nitrogen gas charge minimizes oil fed by the carrier pump, according …