News in Brief (February 05, 1990)
Chesbar Resources (TSE) has changed its transfer agent to Royal Trust Co.
News
Metal prices push commodity index down
Sliding metal prices had a negative effect on Scotiabank’s all- commodity price index in December, which was off 0.8% from the previous month. The all-items index has fallen 9.5% in the last year. Eco…
Barrick pulls strong hole on Card Lake bet
Assay results from one of six recently completed surface drill holes on Card Lake Resources’ (COATS) Harker Twp. property near Matheson, Ont., include 10.5 ft. grading 0.26 oz. gold per ton and 7.5 ft…
Brunswick falters in fourth quarter
Net earnings for 1989 of $29.7 million (80 cents per share) were reported by Brunswick Mining & Smelting (TSE), compared with $31 million (87 cents per share) the previous year. Value of mineral prod…
Books in Review King’s essays describe ore-genesis theory
The Rocks Speak, a recently published collection of essays by Haddon King, contains his recollections and musings over a long career in mineral exploration. He has visited and critically examined most…
Dufresnoy drilling
Exploration work will soon be under way at three properties, Dufresnoy (ME) reports. At the Union Mining-New Bidlamaque property near Val d’Or, Que., a drilling program of 3,000 metres is planned. Pla…
Exploration to commence at Golden Pacific project
Golden Pacific Resources (ASE) says exploration has begun at the Penon Blanco claims on the Mother Lode vein system in Mariposa Cty., Calif. The program is expected to include surface exploration, sur…
Arsenic metal soars
Plant shutdowns in China and the cutback on shipments by that country have helped push the price of arsenic metal skyward to US$4.50 per lb. The price of arsenic metal was 60 cents in late December, …
Metal Prices (February 05, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 30 Jan 29 Jan 26 Jan 25 Jan 24 Copper 1300-1302 13…
Orient drilling at Sturgeon River
A drilling program representing 10,000 ft. has been started up by Ressources Orient (ME) at the Sturgeon River polymetallic project in the Geraldton area of northwestern Ontario. The property comprise…
Letters to the Editor Freewest, Noranda working near Matheson
A recent article in The Northern Miner entitled “Freewest, Noranda discovery” (T.N.M. Jan. 15/90) is of great interest to the council and residents of the township of Black River-Matheson. The article…
Mazarin acquires exploration arm
A new exploration arm has been acquired by Societe d’Exploration Miniere Mazarin (ME), which wants to concentrate on development of its graphite property near Fermont, Que. Mazarin and Gestion Ressour…