Wydmar raises cash for gold exploration
An option agreement between Southern Arizona Mining and Smelting (COATS) and Wydmar Development (VSE) will allow Wydmar to finance exploration on their Eskay Creek and Island Lake properties. Under th…
News
Glencairn insider bets on diamonds
Glencairn Exploration (ASE) director Robert Peereboom has been positioning himself to take advantage of any developments relating to the company’s Brazilian diamond and Ontario gold projects. Having o…
Kingswood busy in Casa Berardi area
Toronto-based Kingswood Explorations (ASE) is increasing its land position around a small base metal deposit in La Gauchetierre Twp., 23 miles west of Matagami, Que. Subject to regulatory approval, th…
NO HEADLINE (April 16, 1990)
TEXT: “Globe ’90?” the voice demanded. I turned from my companions, as we strolled past the doors of the Vancouver Convention Centre, to see an elderly woman looking sternly at me. “Yes,” I said, thi…
Elliot Lake lab bears Coates’ name
An Elliot Lake laboratory has been named the Donald F. Coates Building in honor of the late Dr. D.F. Coates. It is a section of the Mining Research Laboratories at the Canada Centre for Mineral and En…
Letters to the editor Antimony: the deadly metal
I came across a short notice in your paper stating “Arsenic metal soars” (T.N.M., Feb. 5/90). The last sentence reads: “The main use for arsenic metal is as an alloy with lead to make shot for bullets…
Letters to the Editor `Greenpeach supports uranium industry’
In reference to the article on the uranium market study commissioned by Greenpeace (April 2/90), I find it shocking that Greenpeace is actually promoting the world nuclear industry by lobbying for a b…
Rogi focuses on two Quebec properties
Two Quebec properties owned by Rogi Exploration (ME) will see work programs totalling $350,000 performed on them this year as part of separate deals with Freewest Resources and Aur Resources (TSE). Au…
U.S. Report BMR focusing on California project
The focus for the coming year for BMR Gold (ASE) will be to bring the America Mine gold project to the point of a production decision. BMR has the right to acquire a 75% interest in the America Mine p…
Sale of Indonesian interests will net Inco $125 million
Through a public offering on the Indonesian stock exchange, Inco (TSE) will sell 20% of its interest in PT International Nickel Indonesia (PT Inco). The sale will net proceeds of US$250 million, resul…
Spot prices at a glance (April 16, 1990)
Week’s Price (US) Change Gold* $374.10 — $0.15 Silver* $5.09 + $0.08 Platinum* $476.00 + $0.30 Nickel** $3.99 — $0.10 Lead** $0.37 — $0.04 Copper- $1.19 — $0.07 Zinc $0.74 — $0.04 Courtesy of Sco…
Commodity index in further decline
A small drop of 0.5% in Scotiabank’s all-commodity price index was recorded for February; on an annualized basis, the index fell by 5.3% for the month. A decline in base metal prices contributed to th…