Shamrock exploring Idaho gold deposit
A small low-grade gold deposit in Idaho could be developed by Vancouver-based Shamrock Resources (VSE) and United States Antimony (NASDAQ) if results of a prefeasibility study under way are positive. …
News
Abior options claims in Casa Berardi
An option agreement has been reached between Noranda Exploration, wholly owned by Noranda (TSE), and Exploration Abior (ME) whereby Abior may earn up to a 50% interest in the Dieppe property in Quebec…
Orex has two-phase plan for Goldboro development
In the midst of an underground 99-hole drilling program, Exploration Orex (ME) is confident the results will allow it to continue its 2-phase program to bring its Goldboro gold project in Nova Scotia …
Noranda to spend $3.5 million on Abermin property
A recent option agreement between Abermin (TSE) and Noranda Exploration, a unit of Noranda (TSE), could see the senior company spend up to $3.5 million on Abermin’s Hope Bay gold claims in the Northwe…
NovaGold production
More than 1,000 kg of metal production has come from the Murray Brook gold-silver mine, operated by NovaGold Resources (TSE) in New Brunswick. The open pit mine has been in production for four months….
Chevron shuts mine
Because of the deteriorating uranium market, Chevron Resources, a unit of Chevron (NYSE), has decided to shut its Mount Taylor mine near Grants, N.M. The mine will be placed on standby with ventilatio…
Montreal Exchange Market in decline
A gloomy investment mood seemed to prevail for the week ended Jan. 23, with the mining and minerals index off 72.7 points. The market portfolio lost ground as well, dropping 35.8 points. Daily trading…
IOCC GOLD OPTIONS (January 29, 1990)
Options Open SeriesVolumeLastInterest Feb. 400 C 55116.002,170 Feb. 410 C 245 9.001,900 Feb. 420 C 1,014 5.003,032 May 420 C 38116.501,039 May 430 C 31812.00 756 May 440 C 262 9.00 55…
Newhawk’s R-8 appears continuous
Recent infill drilling on the R-8 structure of the Sulphurets property owned 60% by Newhawk Gold Mines (TSE) indicates the zone is continuous to at least the 1,100-metre level. The drilling establishe…
Alberta Stock Exchange Terragold moves up
Newfoundland exploration company Terragold Resources appeared from nowhere during the week ended Jan. 23 to post a 70 cents increase in its share price. Recently listed on the Alberta Exchange, Terra…
Dolphin requires government help on Cape Ray project
Dolphin Explorations (TSE) says it has received a final feasibility study on the Cape Ray gold project in southwestern Newfoundland which indicates that, under current economic circumstances, Cape Ray…
Metal Prices FUTURES PRICES (January 29, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan100.40 98.40 100.10 — 4.90 Feb 98.15 97.60 98.15 — 6.55 Mar 97.90 95.75 97…