METALS PRICES FUTURES PRICES
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 107.40 106.35 106.50 –2.15 Feb 107.10 106.00 106.85 –1.90 Mar 106.40 105.00 105.95 –1.75 SILVER (in US cen…
News
Teck bows out of Platinova play
Vancouver-based Teck (TSE) has withdrawn from participation in the East Greenland gold-platinum project of Platinova Resources (TSE), the latter company reported. Toronto-based Platinova said an assay…
COATS (over-the-counter) Strike soars to 65 cents
Confirming a base metal find on their property near Matachewan, Ont., Strike Minerals soared to new highs for the week ended Jan. 22, gaining 20 cents to close at 65 cents on a volume of 509,700. Part…
Golden Dragon, Glen Auden report assays
Partners Golden Dragon Resources (VSE) and Glen Auden Resources (TSE) have released more assays from their Beatty Twp. gold project under option to Noranda (TSE) in northern Ontario. Noranda Explorati…
Asarco options Col copper bet!!
A recent agreement between a unit of AsarcoKookaburra Gold…
Aur Res. claims massive writedown
A writedown of capitalized exploration and development costs incurred in prior years contributed to Aur Resources (TSE) reporting a loss for its fiscal year ended Sept. 30, 1990, of $40.9 million. Rev…
Golden Marlin plans work on Hope claims
A winter exploration program on the Hope group of claims near Yellowknife, N.W.T., will allow Golden Marlin Resources (VSE) to earn a 50% interest in the property from Rayrock Yellowknife Resources (T…
U.S. REPORT Homestake, Goldstake prepare application
The two partners in the Whitewood Creek tailings reclamation project in South Dakota are preparing their application for a state mining permit. Homestake Mining (NYSE) and Goldstake Explorations (TSE)…
OBITUARY John Drybrough
John Drybrough, noted mining engineer, died recently in Winnipeg, Man. He was 94. Born in Scotland, Drybrough immigrated with his family to Canada in 1908, and had lived in Winnipeg since 1928. He hel…
Alberta Stock Exchange Douay dispute resolved
Partners Golden Rule Resources and Northern Abitibi Mining have settled a legal dispute with Inco, Cambior and Vior over optioning of a gold property in Douay Twp., Que. Under a new agreement, Inco an…
CIM’s lively symposium gets back to basics
The enthusiastic response to the Canadian Institute of Mining, Metallurgy and Petroleum’s sixth mineral economics symposium shows that the mining industry is anxious to get “back to basics.” About 150…
U.S. REPORT New rates apply to Asarco mine
A determination of new royalty rates applicable to about half of the production of the Mission copper mine of Asarco (NYSE) has been completed by the Arizona state land department, the company reporte…