Freewest, Sparton get good results
A 2,500-ft. drill program completed recently by Freewest Resources (ME) and Sparton Resources (TSE) on their jointly optioned Helena Lake property near Fort Frances, Ont., has yielded good results in …
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Metal Prices PRODUCER PRICES (February 19, 1990)
ALUMINUM: MW U.S. Market US64.00- 66.00 cents per lb. (Feb. 1, 1990). ANTIMONY: New York dealer US88-90 cents per lb. (Jan. 25, 1990). BISMUTH: New York dealer US$4.35-4.45 per lb. (Feb. 1, 1990). CAD…
Equity posts $16-million reclamation bond
The costs associated with closing a mine in these environmentally sensitive times have become an important issue for Equity Silver Mines (TSE). The Vancouver-based company posted a $16-million reclama…
Letters to the Editor No connection
I write to draw attention to an error (T.N.M., Feb. 12/90) in the article “Rio, Denison sue each other over Elliot Lake practices.” In the closing paragraph, the writer attributes the pending closure …
McNickel to earn 50% of Spud Valley bet
Toronto-based McAdam Resources (TSE) has entered into an agreement with McNickel (COATS), giving the latter company the right to acquire a 25% interest in McAdam’s Spud Valley gold property on Vancouv…
FUTURES PRICES (February 19, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Feb105.50 100.65 105.45 + 5.45 Mar104.40 99.00 104.20 + 5.00 Apr102.90 102.70 102.90 + 4.40 SILVER (in US cents p…
Editorial Stop delaying Iskut road construction
It should not take the death of six men in a recent helicopter crash to make clear the immediate need for an all-weather access road into the rugged Iskut River mining camp of northwestern British Col…
Toronto Stock Exchange Casa Berardi discovery sparks buying as
Those who predict that a weaker U.S. dollar and trouble in South Africa will eventually force the price of gold through the US$425 per oz. barrier on up to US$450 were having to swallow their words th…
IOCC GOLD OPTIONS (February 19, 1990)
Options Open SeriesVolumeLastInterest Feb. 400 C 86620.901,356 Feb. 410 C 30410.501,525 Feb. 420 C 1,005 3.002,556 Feb. 430 C 348 0.303,342 May 420 C 54617.901,724 May 430 C 67814.501,042 May 440 C 94…
Ontario’s mineral sector set to weather downturn
The mining industry in Ontario is financially healthier in 1990 than it was in the early 1980s, but it must keep in step with new global realities and strive to remain competitive if it is going to we…
Goldplex to earn in on Comstock gold bet
Toronto-based Goldplex Development (ASE) says it has signed an agreement in principle with an as-yet-unnamed Vancouver company to earn a 49% stake in a Silver City, Nev., gold property by spending $60…
Toronto Stock Exchange Indices (February 19, 1990)
Feb. 13Feb. 12Feb. 9Feb. 8Feb. 7HIGH LOW Composite “300”3751.863766.273777.783783.333779.234009.473707.00 Metals & Minerals2947.192933.482978.933000.083040.073453.052933.48 Integrated mines3062.123046…