Correction (February 26, 1990)
Contrary to what was reported (T.N.M., Feb. 19/90), Noranda Exploration President John Harvey recently sold 2,335 Noranda shares for between $24.125 and $24.625 to hold 36,971.
News
Wide zones cut on Noranda-Akiko bet
Joint venture partners Noranda (TSE) and Akiko-Lori Gold Resources (VSE) have reported substantial widths of low-grade gold mineralization from a recently completed drill program on the Springpole pro…
Investment demand key to platinum’s success
With the possible exception of gold, platinum should be the performer to watch among the actively traded non-ferrous and precious metals during 1990, says international securities firm Shearson Lehman…
Aur gold output below expectation
Aur Resources (TSE) may have struck a major exploration success at its Louvicourt Twp. massive sulphide discovery last year, but in 1989 the company also struggled with another project in the Val d’Or…
PRODUCER PRICES (February 26, 1990)
ALUMINUM: MW U.S. Market US65.00- 67.00cents per lb. (Feb. 15, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADM…
Radisson decides against purchase of Beauchastel
The Beauchastel mining installations of Augmitto Explorations (TSE) near Rouyn-Noranda, Que., will not be purchased by Radisson Mining Resources (ME). Radisson, searching for milling facilities for it…
Montreal Exchange Casa Berardi interest
Investor attention continues to be directed toward Quebec’s Casa Berardi area where a couple of seniors and a junior pulled an encouraging drill hole in a joint project in Douay Twp. Four initial hole…
Equipment exhibition in sudbury June 19-21
The northern Ontario city of Sudbury, Ont., will attract a large number of visitors from other parts of Canada and around the world when it hosts the 1990 Canadian Mining & Industrial Equipment Exhibi…
Ottawa doing away with CEIP
Less than two years after introducing its Canadian Exploration Incentives Program (CEIP), the federal government is eliminating the controversial scheme in an attempt to reduce the burgeoning deficit….
Fire River seeks new properties
Fire River Gold (COATS) says discussions are under way with its underwriter to raise new financing for property acquisitions and additional exploration work on its Alice “A” gold-silver property, east…
U.S. Gold Project
Due to construction cost overruns and delays at the Tonkin Springs project near Eureka, Nev., owner U.S. Gold (NASDAQ) is experiencing significant liquidity problems. The Tonkin Springs project began …
Henry Kissinger speaks at Boston conference
Henry Kissinger, former U.S. secretary of state, will be the keynote speaker at the International Investment Conference to be held in Boston on May 29. This conference will bring together top mining a…