Conwest, Falconbridge team up on Sudbury bet
An 18,000-ft drill program is the first plan of action by Falconbridge Ltd. (TSE) and Conwest Exploration (TSE) in their joint effort to chase high grade nickel near Sudbury, Ont. The drilling is part…
News
Noranda to earn 51% stake in Durga’s Allan Lake bet
Noranda Exploration has agreed to earn a 51% stake in Allan Lake gold and zinc properties which were acquired recently by Durga Resources (ASE) from Jasi Nikhanj for $500,000. Nikhanj is president of …
Goldfunds (January 23, 1989)
Gold funds as of Jan. 17 BGR Goldcorp Central MVP Capital Net value $11.99 8.77 6.74 0.86 Price $ 9.00 5.625 5.7…
Dr. Duncan R. Derry, 1906-1987
An eminent economic geologist, known internationally for his many contributions to mineral exploration on nearly every continent of the world, Duncan R. Derry was one of the Canadian mining industry’s…
Gold Project Reverts to Golden Zone Resources
Full ownership of the Golden Zone property in Alaska has reverted to Golden Zone Resources (VSE) after an option agreement with United Pacific Gold (VSE) was recently terminated. Grant Hagestad, chair…
Montreal Exchange Action picks up
A better showing by investors during the week pushed the general market portfolio index ahead by more than 58 pts and the mining and minerals index to a gain of more than 63 pts. Daily trading volumes…
Bitech takes close look at Betts Cove drilling results
After completing 6,700 ft of diamond drilling at its Nugget Pond gold property near Betts Cove, Nfld., Bitech Energy Resources (ASE) is taking a hard look at the data before deciding what to do next. …
Placer Dome helping to fund VSM plans
A $3-million share purchase agreement with VSM Exploration involving six million flow-through shares will give Placer Dome (TSE) controlling interest in the exploration company. Placer has agreed to p…
Mill City targets Tyranite after share consolidation
The shares of Mill City Gold Mining Corp. (ASE) began trading on the Alberta Stock Exchange recently after the company gained shareholder and regulatory approval for a stock consolidation. The company…
Drilling resumes on Golden Heart deposit
Diamond drilling by partners Tyler Resources (TSE), Golden Rule Resources (TSE) and Cameco — A Canadian Mining and Energy Corp. has resumed on the newly discovered Golden Heart deposit located at Wee…
Metal Prices PRODUCER PRICES (January 16, 1989)
ALUMINUM: MW U.S. Market $1.12-$1.13 per lb. (Dec 29, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
Shareholders launch proceedings against Quartz Mountain
Several individual shareholders of Quartz Mountain Gold Corp. (TSE) have initiated court proceedings against the company by filing a petition in the British Columbia Supreme Court, with a second group…