FUTURES PRICES (July 30, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) July 122.80 121.00 122.25 — 0.50 Aug 120.20 121.65 120.00 — 1.50 Sept 120.80 118.60 120.40 + 0.40 SILVER (in US…
News
Northwest moves to next stage in Colomac construction phase
Having completed plant construction at its wholly owned Colomac gold project, 137 mile north of Yellowknife, N.W.T., NorthWest Gold (AMEX) (formerly ABM Gold) is tuning up the project’s milling facili…
COATS (over-the-counter) Gold Bar hit with lawsuit
It appears that Southern Arizona Mining and Smelting’s bid for a 50% interest in the Chester Twp. gold property near Gogoma, Ont. is in jeopardy. James Hunter, a shareholder of property owner Gold Bar…
Drilling resumes on Douay gold bet
A new drilling campaign has started on the Douay gold property owned by joint venture partners Inco (TSE), Societe d’Exploration Miniere Vior (ME) and Cambior (TSE). The property is in the Casa Berard…
Alberta Stock Exchange Tyrae gains 43 cents
The high-profile Eskay Creek gold region of northwestern British Columbia continues to attract more junior companies. One of the latest newcomers is Tyrae Resources, which following a recent change of…
Black Hawk completes acquisition of Union nickel-copper deposit
Toronto-based Black Hawk Mining (TSE) says it has acquired all the outstanding shares of First China Capital whose main asset is the Union nickel-copper deposit in the state of Maine. Based on 170 dri…
Drilling to start on Irish Gulch
A drilling program is set to begin shortly on the Irish Gulch property, 60 km east of Helena, Mont. The property is a joint venture between Goldpac Investments (VSE) and Bethlehem Resources (TSE). The…
News in brief Laker Resources Ltd.
Laker Resources Ltd. (LAK: VSE) has changed its name to Videogram International Corp. with no consolidation of capital. Pacific Corporate Services is the transfer agent.
Asarco boosts price of copper cathode 5 cents
Asarco (NYSE) will increase its domestic selling price of electrolytic copper cathodes by 5 cents to $1.30 per lb. Asarco is one of the world’s leading integrated producers of nonferrous metal includi…
OBITUARIES (July 23, 1990)
George Neumann died recently at his residence in Arnprior, Ont. He was 74. In 1940, Neumann graduated from Queens University with a 0000,0600 B.Sc. degree in metallurgical engineering. After a stint i…
General News & Comment Falconbridge names officer for
Nickel- copper producer Falconbridge Ltd. has made a move to tackle head on the biggest issue of the 1990s, the environment. Perhaps best known for its Sudbury, Ont.-based nickel mining operations, Fa…
The Mining Association of Canada “A Guide for Environmental
With the adoption of an environmental policy in 1989, Canada’s mining industry made a commitment to maintain a high standard of environmental protection. The policy consists of six principles which me…