GBryndon financing
Bryndon Ventures (TSE) has completed a $150,000 financing through a private placement of flow- through shares. The money will fund exploration on Bryndon’s gold prospect in northwestern British Columb…
News
Doe Run record
Doe Run’s smelting division set a safety record in 1989, with an on-the-job safety performance of 1.1 lost-time injuries per 200,000 man-hours worked, according to John FitzSimmons, general manager. T…
Focus on planning and equiipment
The second international symposium on mine planning and equipment selection in surface mining, organized by the University of Calgary, Centre for Mineral and Energy Technology (CANMET), Devon, Alta., …
Anglo seeking funds
At a recent meeting of Anglo Canadian Mining’s (VSE) shareholders, approval was granted for the acquisition of a 51% interest in the MWF gold property in Matheson Twp., near Timmins, Ont. A $250,000 e…
Fairbanks Gold confident of large tonnage operation
Armed with new reserve calculations for the Fort Knox gold property near Fairbanks, Alaska, 51% owner Fairbanks Gold (VSE) is confident it has the makings of a huge bulk tonnage mining operation. Pres…
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 …
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…