New Falconbridge Gold ready to `take a beating’
Falconbridge Ltd. (TSE) executives could have picked worse days in which to brief Toronto analysts on the potential of the company’s new gold producing subsidiary. After all, when Falconbridge and age…
News
Hycroft to mix ore from two Nevada mines
Ongoing negotiations have finally culminated in an agreement that will give Hycroft Resources & Development Corp. (VSE) and its U.S. subsidiaries the right to blend ore from the Lewis mine with ore fr…
Duration regains Theresa property
Following a period of uncertainty, ownership of the Theresa gold property near Longlac, Ont., has finally been regained by Duration Mines (TSE). “The return of the Theresa property ends a particularly…
Quartz denies decision
Despite several reports to the contrary published in Oregon newspapers, partners Galactic Resources Ltd. (TSE) and Quartz Mountain Gold Corp. (TSE) say a production decision has not been made for the …
Drilling continues at Joubi property
More encouraging results have been announced by Western Quebec Mines (ME), Messeguay Mines (ME) and Oasis Resources (ME) from their underground exploration program at the Joubi gold project at Val d’O…
FINANCING (January 23, 1989)
ONTARIO Espirt Res Ltd — 3,000,000 offered @ $1 per flowthrough sh & 3,750,000 offered @ 80 cents per unit to gross $2,737,500. VANCOUVER Pacific Rim Mng — gross proceeds rec $260,000. Silver Spur …
MSV’s Eastmain bet site of winter drilling
A winter drilling program is under way on the Eastmain gold property in northern Quebec, near James Bay, MSV Resources (ME) reports. The program will involve drilling 60 holes representing 8,000 m. Co…
Spot prices at a glance (January 23, 1989)
Week’s Price (US) Change Gold (per oz) $402.85 –$ 0.65 Silver (per oz) $ 5.94 +$ 0.03 Platinum (per oz) $525.00 –$ 1.00 Copper (per lb) $…
Force majeure lifted by Magma Copper
Recently lifting its force majeure, which was announced in December, was Magma Copper (Amex). The declaration was made under the company’s toll smelting and refining contracts, and refined copper sal…
Pacific Comox Res terminates option
Recently terminating an option to earn a 50% participating interest in three properties northeast of Val d’Or, Que., was Pacific Comox Resources (VSE). The company (formerly Comox Resources) had the o…
Noranda/Freewest start joint venture drilling
Noranda Inc. (TSE) has started drilling on a gold property held in joint venture with Freewest Resources (ME). The drill program will follow-up a strong intersection completed last year, which cut 57….
Trader Res. to explore Ronnoco gold property
Broulan Resources (TSE) and Ronnoco Gold Mines (COATS) have recently signed an agreement which will see a subsidiary of Trader Resources (TSE) spend $400,000 to explore a Timmins area gold property ow…