News in Brief (July 24, 1989)
Calvada Resources (CVH:VSE) has changed its transfer agent to Central Guaranty Trust Corp.
Articles by Northern Miner Staff
Metal Prices FUTURES PRICES (July 24, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 109.90 107.25 109.80 + 3.80 Sep 109.20 106.70 109.00 + 3.40 Dec 104.00 10…
Calpine’s drilling extends Eskay Creek along strike
Step-out drilling has extended the strike length of the 21 zone by almost 1,000 ft at the Eskay Creek project of Calpine Resources (VSE) in northern British Columbia. Consolidated Stikine Silver (VSE)…
Majors big spenders while juniors struggle to survive
Despite a dramatic slowdown in the junior mining sector, exploration spending by senior companies will be at record levels in Canada this year, says a report by the Halifax-based Metals Economics Grou…
Spot prices at a glance (July 24, 1989)
Week’s Price (US) Change Gold*$371.50–$ 8.00 Silver*$ 5.22–$ 0.03 Platinum*$499. 50–$ 9.00 Nickel**$ 5.62+$ 0.18 Lead**$ 0.32+$ 0.01 Copper$ 1.15+$ 0.03 Zinc$ 0.76+$ 0.01 Courtesy of Scotiaba…
Madeleine Mines in no rush to begin platinum mining
If management were to put on any kind of a drive to production, Madeleine Mines (TSE) could be turning out a palladium-platinum-nickel-copper concentrate by year end, The Northern Miner gathered on a …
VenturesTrident ups stake in Eastmaque
By way of several recent market purchases on the Toronto Stock Exchange, Denver- based VenturesTrident Limited Partnership has increased its stake in Eastmaque Gold Mines (TSE) to about 14.71% of East…
Inco, High River cut big intersection
The deepest hole completed by Inco Gold on the former-producing Snow Lake gold mine property has intersected 105.5 ft grading 0.25 oz gold per ton. The hole was completed at a depth of 2,880 ft. Locat…
Toronto Stock Exchange Indices (July 24, 1989)
1989 July 18 July 17 July 14 July 13 July 12 HIGH LOW Composite “300” 3853.35 3854.74 3849.20 3842.44 3837.44 3854.74 3353.13 Metals & Minerals 3289.11 3348.46 3371.88 33…
Keep 1872 Mining Act, says Mining Congress
The American Mining Congress has launched an aggressive campaign against proposed changes to the Mining Law of 1872. The legislation, which was introduced last month in the U.S Congress, contains eigh…
Toronto Stock Exchange Aur, Louvem hit new highs before trading
An all-day trading halt put the brakes — albeit likely just for a day — to a buying frenzy in the shares of Aur Resources, Societe Miniere Louvem and St. Genevieve Resources. On July 18, Aur and Lou…
Books (July 24, 1989)
Coal Resources of Canada — Published by The Geological Survey of Canada in co-operation with the Canadian Government Publishing Centre. An overview of Canada’s coal resources in terms of their potent…