1989

Industrial minerals enjoy better markets

Many industrial minerals, like their more highly publicized precious and base metal cousins, have been enjoying excellent years and some should continue to do so, the Toronto branch of the CIM Mineral…


Stratabound strong

Stratabound Minerals was one of the big winners for the week ended Dec 19 when trading activity slipped into what could only be described as a pre-Christmas holding pattern. When reached for comment, …


Agnico set to begin drilling Vezza Twp.

Drilling is expected to begin next month at the Vezza Twp. gold claims optioned recently from Dundee-Palliser Resources (TSE), and North American Rare Minerals (ME) by Agnico-Eagle Mines (TSE). Having…


Rally in gold

The year-end rally in gold prices came too late to save several mines. Among this year’s casualties: The Kerr mine was a fixture at Virginiatown, Ont., since 1938 but low gold prices forced the mine t…


Inco denies production decision imminent for Vault

To date about $3.5 million has been spent by a unit of Inco Ltd. (TSE) and junior partner Seven Mile High Group (VSE) on the Vault gold property near Okanagan Falls, B.C. According to Maurice Hamelin,…


Hall of Fame Jan 1, 1990

The industry honored some of its own last January at the inaugural dinner of the Mining Hall of Fame held at Toronto’s Royal York Hotel. Keynote speaker at the event was former Falconbridge chairman B…


VSM, Onitap deal

VSM Exploration (ME) has signed an option agreement with Onitap Resources (TSE) which gives VSM the right to earn a 50% interest in Onitap’s 118-claim property in Tonnancourt and Josselin twps., Que. …


Toronto Stock Exchange Indices (December 25, 1989)

1989 Dec 19Dec 18Dec 15Dec 14Dec 13HIGH LOW Composite “300” 3915.083958.543986.203995.334005.764037.833353.13 Metals & Minerals 3330.593334.353346.513347.433332.813919.203207.50 Integrated mines 3442….


Northair plans program for Saskatchewan find

The newly discovered lead-zinc-gold-silver Deception Lake property north of La Ronge, Sask., will be the subject of a closely watched work program that includes a minimum of 10,000 ft of surface drill…


IOCC GOLD OPTIONS (December 25, 1989)

Options Open Series Volume Last Interest Feb 400 C 215 20.50 2,389 Feb 410 C 328 16.50 1,462 Feb 420 C 357 12.00 2,774 Feb 430 C 1,300 7.00 2…


Central Crude takes option on Moss Lake

Central Crude (TSE) has signed a letter of intent with Tandem Resources (ME) and Storimin Exploration (ASE) to explore the latter two companies’ Moss Lake gold property 70 miles west of Thunder Bay, O…


Pamorex busy drilling at property interests

A drilling program of 9,244 ft has been completed on the Holmes gold property about 50 miles southeast of Timmins, Ont., Pamorex Minerals (TSE) reports. Among the better intersections were 0.19 oz gol…


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