Sutton earns interest in African nickel bet
Vancouver-based Sutton Resources (VSE), through an agreement with Romanex International, has acquired the right to earn a controlling interest in a large nickel deposit in western Tanzania. By spendin…
News
COATS (over-the-counter) Pelangio finds more gold
Five new gold showings on the North Spirit Lake property, 100 miles north of Red Lake, Ont., have increased the extent of gold occurrences on the property to at least 650×5,000 ft. Pelangio-Larder Min…
Vancouver Stock Exchange Vancouver Stock Exchange sinks to new lows
In a word; sick, or in two; very sick. The Vancouver stock market is suffering from a case of the jitters and it if had a head coach that person would very likely be looking for another job. The Vanco…
Sampling resumes at Cochenour Willans
After a one month delay, Inco Gold, a unit of Inco (TSE), has resumed its underground exploration and bulk sampling program at the Cochenour Willans mine site near Red Lake, Ont. The $4.6 million prog…
Spot prices at a glance (September 17, 1990)
Week’s Price (US) Change Gold* $380.65 — $3.95 Silver* $4.80 + $0.04 Platinum*$455.45 — $29.05 Nickel** $5.41 + $0.45 Lead** $0.39 $0.00 Copper- $1.54 + $0.22 Zinc– $0.73 + $0.02 Courtesy of Scotia…
Sphinx heap-leachs gold in Quebec
Mention heap leaching and a person immediately thinks of the southwestern United States, where large tonnage, low-grade deposits are being mined year-round to yield relatively inexpensive gold. North …
LETTER TO THE EDITOR: Brokers, banks shouldn’t have final say
Normally I would relish participating in the important debate your editorial invites (Taxpayers shouldn’t be “bank of last resort,” N.M., Sept. 3/90). But the Deak project has been 18 months of exhaus…
Belmoral loss triples in first half of 1990
Despite a 15% increase in gold production and a corresponding jump in revenue, Belmoral Mines (TSE) reported a net loss of $17.1 million (37 cents per share) for the first six months of 1990. The loss…
Metal Prices FREE MARKET (September 17, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date September 11 September 10 September 7 September 6 September 5 Copper 1735-1740 1730-…
U.S. REPORT USMX discovery at Alligator Ridge
Denver-based USMX Inc. (NASDAQ) is reporting the discovery of potentially significant gold mineralization at five targets of the recently acquired land package in the Alligator Ridge Trend of eastern …
Gammon to head Mines Division
John Gammon has been appointed to the post of assistant deputy minister at the mines and minerals division of Ontario’s Ministry of Northern Development and Mines. The recent appointment was announced…
Barrick sees 37% increase in Goldstrike gold output
Some pleasant surprises at American Barrick Resources’ (TSE) Goldstrike mine in Nevada have increased the company’s confidence that production targets set for 1990 will be reached and possibly exceede…