Metals News in Brief
World crude steel output rose to a record high of 783.5 million tonnes in 1989, up 0.5% from the previous year, according to preliminary figures released by the International Iron and Steel Institute….
News
Toronto Stock Exchange Casa Berardi discovery sparks buying as
Those who predict that a weaker U.S. dollar and trouble in South Africa will eventually force the price of gold through the US$425 per oz. barrier on up to US$450 were having to swallow their words th…
IOCC GOLD OPTIONS (February 19, 1990)
Options Open SeriesVolumeLastInterest Feb. 400 C 86620.901,356 Feb. 410 C 30410.501,525 Feb. 420 C 1,005 3.002,556 Feb. 430 C 348 0.303,342 May 420 C 54617.901,724 May 430 C 67814.501,042 May 440 C 94…
Pine Point earnings up
Higher prices for zinc metal throughout much of the past year led to a substantial increase in 1989 revenues and earnings for Pine Point Mines (TSE). Unaudited net earnings for the year totalled $94.1…
Parquet, Cache cut strong gold values
Joint venture partners Parquet Resources (TSE) and Explorations Cache (ME) have intersected 38.2 ft. grading 0.34 oz. gold per ton and 13 ft. grading 0.67 oz. in two recently completed drill holes on …
Radisson pours first Duquesne gold
The first gold was recently poured from the Duquesne mine project, about 19 miles north of Rouyn-Noranda, Que., Radisson Mining Resources reports. Recovered from a bulk sample of 3,267 tons was 1,059….
People (February 19, 1990)
INTERNATIONAL COPPER ASSOCIATION — Dr. Nathan Church appointed technical director, metallurgy, succeeding Dr. Dale Peters who has jointed the Copper Development Association.
Jascan option deal
Jascan Resources (TSE) has optioned its Dawson property in Colorado to Uranerz, a West German mining company. Under the terms of their option agreement, Uranerz can earn a 75% interest in Jascan’s Daw…
OSC seeks power to regulate professionals
The Ontario Securities Commission has recently proposed a series of far-reaching amendments to the Securities Act that would broaden its investigation and enforcement powers to include mining engineer…
Six rigs on site at Eskay Creek
Operator Calpine Resources (VSE) has six diamond drill rigs continuing to test the 21 zone discovery at Eskay Creek with both stepout and infill drilling. The company and equal partner Stikine Resourc…
Strike at Doyon
The 380 hourly workers at the Doyon gold mine in northwestern Quebec recently went on strike. Joint owners of the mine are LAC Minerals (TSE) and Cambior (TSE). The mine, a former open pit operation w…
Peat Resources conducting tests at Ontario Hydro
In its bid to capitalize on the vast peat lands of northern Ontario, a little-known company called Peat Resources (COATS) is conducting a series of burning tests through the research division of Ontar…