Can-Mac Sept. 15
Initial underground sampling of the Mon gold property by Can-Mac Exploration (VSE) has returned high grade gold values which exceed original estimat es, the co mpany says. Acquired from Cominco Ltd., …
News
Native groups support development plans for Eskay Creek
Officials of Calpine Resources (VSE) recently met with British Columbia native groups and officials from the Department of Indian and Northern Af fairs to discuss development of the Eskay Creek gold p…
Phelps Dodge eyeing Canadian projects
After recently establishing a new regional office in Toronto, Phelps Dodge of Canada is gearing up to become more active in the Canadian mining scene. The company is a wholly owned subsidiary of Phelp…
McNickel sheds 25 cents COATS (over-the-counter)
A sell-off involving the shares of Toronto-based McNickel Inc. continued again this week. The McNickel issue shed 25 cents to close at $1.25 after a total of 3 1 transactions took place on a volume…
Oneida US Page Sept 19
Placer Dome (TSE) has elected to exercise its option to buy 600,000 shares ofOneida Resources (VSE) at $2.25 per share. Placer had previously purc hased 400,0 00 Oneida shares from treasury at $1.75 p…
Brookbank exploration on track despite suit
Although an on-going legal dispute still overshadows the Brookbank gold property owned by Metalore Resources (TSE) near Beardmore, Ont., a majo r exploration p rogram is quietly under way by Placer Do…
Placer Dome options Fairfield gold discovery
A drill program will begin next month on the Elk property where Fairfield Minerals (VSE) recently made a high grade gold discovery. Easily accessible by road, the Elk property is mid-way between Peach…
September 19, 1989
Shed no tears for Bill James. The former president and chairman of the board at Falconbridge may be among the unemployed now that Noranda and Trelleborg hav e successfully bid for ownership of the n…
Tundra in Kirkland
Tundra Gold Mines (VSE) is conducting exploration programs on its Kirkland Lake area properties in Ontario. On the Shamrock property, two miles no rth of the K irkland Lake main break, an important go…
GOLDFUNDS (September 25, 1989)
Gold funds as of Sept 19 MVP BGR Central Capital Net value $11.53 $ 5.86 $0.56 Price $10.125 $ 5.75 $0.30 Discount 12.19% — .9…
PRODUCER PRICES Metal Prices (September 25, 1989)
ALUMINUM: MW U.S. Market US78.25 cents – 80.25 cents per lb. (Sept 14, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.75-$4.85(US) per lb. …
NovaGold stakes claims
NovaGold Resources (TSE) has staked 16 claims near Benjamin River and optioned 12 claims near Nash Creek. Both properties are about 60 km northwest of Bathurs t, N.B. On the Benjamin River property,…