Who’s Who in U.S. mining
Another 25 mining greats of the U.S. were inducted into the National Mining Hall of Fame at its third annual banquet, held recently in New Orleans, La. The list of participants, about 400, reads like …
News
Royal Oak’s Pamour acquisition delayed
Giant Resources of Australia has agreed to extend the closing of Royal Oak Resources’ (TSE) acquisition of a controlling interest in the Pamour (TSE) group of companies. Royal Oak says it now expects …
Widths disappointing, but Goodfish structure better understood
Although unable to duplicate the results of last winter’s discovery hole, International Platinum (TSE) says a recent 6-hole program has helped to define the complex nature of mineralization on the Goo…
Newfoundland hosts open house
The Newfoundland Department of Mines and Energy will host its 1990 open house at St. John’s, Nfld., Nov. 1. It will include a morning session on the department’s various activities and on mineral expl…
Gold Canyon and Noranda to explore Blue Dog
An agreement in principal has been reached between Gold Canyon Resources (VSE) and a unit of Noranda (TSE) for the funding of further expenditures on the Blue Dog gold project in Washington Cty., Idah…
Alberta Stock Exchange Ontex up 15 cents
A new reserve estimate of 1.4 million tons grading 0.26 oz. gold per ton for the Brookbank deposit in northern Ontario gave shares of Ontex Resources a 15 cents boost to $2.10 during the week ended Oc…
Goodman eases Corona load
Planning to focus more closely on his new investment firm, Dundee Capital, Corona Chairman Ned Goodman has reduced his involvement in Corona (TSE), leaving more room for Peter Steen, Corona’s presiden…
Continental backs Placer Dome bid
Shareholders of Continental Gold (TSE) can expect to receive a directors’ circular in response to the recent takeover bid announced by Placer Dome (TSE). The circular contains an unqualified recommend…
Shaft sinking in early ’91 at Aur, Louvem discovery
The sinking of a 3,000-ft. shaft on the Louvicourt Twp. massive sulphide property east of Val d’Or, Que., should begin early in the new year, says Aur Resources (TSE) Vice-President Howard Stockford. …
Final Douay holes reported by Vior
Final assay results from the last four holes on the Douay gold project in northwestern Quebec have been released by 37% owner Societe d’Exploration Miniere Vior (ME). The project is operated by Inco (…
FUTURES PRICES (October 08, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 127.90 126.50 126.55 + 3.05 Nov 122.10 122.10 122.10 + 2.10 Dec 119.10 117.60 118.35 + 0.85 SILVER (in US cen…
Macassa mine on record run
The Macassa mine near Kirkland Lake, Ont., will see gold production increase by about 18% this year because of higher than expected ore grades and mill throughput. A spokesman for owner LAC Minerals s…