Aurora signs deal with Phelps Dodge
Calgary-based Aurora Gold (ASE) has farmed out its 31% interest in a base metal property near Joutel, Que., to Phelps Dodge Corp. of Canada, a unit of North America’s largest copper producer Phelps Do…
News
Mixed Anglo assays
Timmins-based Anglo Canadian Mining (TSE) has reported a mixture of high- and low-grade gold assays from recent drilling on the MWF property in Matheson Twp., near Timmins, Ont. Anglo has an option to…
Breakwater earnings reflect low gold price, strong dollar
Lower gold prices and a strong dollar have made their mark on Breakwater Resources’ (TSE) half-year income. In the first six months of 1990, Breakwater earned $4.3 million (7 cents per share) compared…
Timmins Nickel drilling Langmuir
A 3,000-ft. underground drilling program is under way at the Langmuir No. 1 property of Timmins Nickel (TSE) in the Timmins, Ont., area. The drilling is designed, the company says, to follow up previo…
U.S. REPORT Silver coin sales show huge jump
More than 11.7 million oz. silver went into the minting of silver legal tender bullion coins in 1989, up by 49% from the previous year, The Silver Institute of Washington, D.C., reports. The U.S. Amer…
OBITUARY David Miller
David Miller, professional engineer, died recently in an accident in the Yukon while working on the Mel prospect for Barytex Resources. He was 55. Miller held a degree in geological engineering from t…
U.S. REPORT Chase signs partner for Arizona project
A joint venture agreement will see Chase Resources (VSE) take on a partner to help fund exploration at its Sungold project near Prescott, Ariz. Under the terms of the agreement, Whiskey Creek Resource…
NDU and Billiton intersect more high grade at Blende
Drilling on the Blende property in the central Yukon continues to return good lead-zinc-silver values over wide widths. The property is a joint venture between NDU Resources (VSE) and Billiton Metals …
NEWS IN BRIEF (September 03, 1990)
Lotus Resources Ltd. (LOT: ASE) has changed its name to Ashgrove Resources Ltd. (ASH: ASE) on a 1-new-for-1-old-share basis. Transfer agent is Montreal Trust.
U.S. REPORT Homestake to operate Tonkin Springs
Tonkin Springs, the first commercial scale mill built in North America to incorporate bio-oxidation pretreatment of refractory gold ores, could soon be operated by a new majority owner, Homestake Mini…
PRODUCER PRICES (September 03, 1990)
ALUMINUM: MW U.S. Market US81.50- 82.50 cents per lb. (Aug. 23, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.05 per lb. (Aug. 16, 1990). C…
Toronto Stock Exchange Market quiet as Muscocho, Hemlo Gold table
After experiencing some major gyrations earlier this week, including the biggest 1-day decline since last October, the market settled back into a state of calm, today, Aug. 29. The composite 300 index…