50 Years ago – October, 1940
MICA IMPORTANT AS WAR MINERAL Mica has been classed as an essential war mineral by the United States authorities responsible for the provision of adequate supplies of such materials. It is one of two …
News
Cross-Cuts (October 04, 1990)
A BRISK TRIP The trend to commuter mines in the north — Echo Bay’s Lupin and Placer Dome’s Detour Lake mines being key instances — will likely continue. In the Yukon, for example, mine workers for t…
THE SUDBURY BASIN: On track at Lindsey
Falconbridge Ltd.’s Thayer Lindsley (or T.L.) project, an exploration play on a deep-seated nickel/copper orebody a few kilometres outside of Sudbury, Ont., now has a shaft sunk to the 1,310-metre lev…
EDITORIAL PAGE Say too much of say too little
Eyeball assays. It is not our term, but it is one that has apparently taken hold in the exploration field. Or perhaps we should say in the promotion field. It is an apt expression. Essentially, it ref…
Bond sells 810,000 oz forward to cut debt
Taking advantage of the recent run-up in gold prices, Bond International Gold (TSE) has sold forward 810,000 oz. of gold at an average price of US$425 per oz. Bond, 65% owned by Toronto- based LAC Min…
COATS (over-the-counter) Trading gets a boost
The market appears to have recovered, at least temporarily, from the low-volume blues. For the first time in months, the week’s five most active stocks registered trading volumes of over 100,000, four…
Conference to focus on the environment
A 1-day conference dealing with the environment and mining will take place Oct. 18 at L’Hotel in Toronto. Titled “Environmental regulation and liability in the mining industry,” the conference is bein…
Kennecott backs Fischer-Watt on portfolio of 35 properties
Armed with the proceeds of a recent US$2 million private placement, Fischer- Watt Gold (NASDAQ) is planning an aggressive exploration program on various properties in the western U.S., Mexico and Cent…
FUTURES PRICES (October 01, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 123.90 122.65 123.50 — 5.15 Nov — — 120.20 — 6.20 Dec 118.20 115.80 117.50 — 4.25 SILVER (in US cents pe…
IOCC GOLD OPTIONS (October 01, 1990)
Options Open Series Volume Last Interest Nov. 390 C 1,050 24.00 837 Nov. 440 C 699 5.50 4,140 Feb. 410 C 544 26.00 499 Nov. 420 C 263 9.00 3,175 Nov. 410 C 247 14.00 2,797 Nov. 460 C 150 3.70 2,103 No…
Royal Oak secures $14-million loan
New York bullion trader Sharps Pixley has agreed to provide up to $14 million in debt financing for Royal Oak Resources’ (TSE) $33- million acquisition of the Pamour (TSE) group of companies. The acqu…
Golden Hope’s Bellechasse project yields high-grade gold on surface
Samples taken from a heavily mineralized shear zone within the Bellechasse greenstone belt in Quebec have returned some remarkable gold values along a 125-ft. strike length. Of the 27 5-lb. samples ta…