Chevron completes Goldquest drilling
A total of 25,600 ft of diamond drilling in 22 holes was completed recently by Chevron Minerals, a unit of Chevron Corp. (NYSE), on property under option from Goldquest Exploration (TSE) in the Red La…
News
Doe Run seeks permission to look for Missouri lead
The Doe Run Co., America’s largest producer of primary lead, is seeking government permission to begin exploratory drilling around its southeastern Missouri lead mines. Environmentalists are opposed t…
Placer Dome US may enter joint venture with Athena
A letter of agreement between Athena Gold (VSE) and Placer Dome U.S., a wholly owned subsidiary of Placer Dome (TSE), could result ultimately in a joint venture between the two companies. The formatio…
Muscocho closing Montauban gold mine
Gold-mining operations at the small Montauban project of Muscocho Explorations (TSE) near Quebec City, Que., will be closed down early next year. Muscocho says it is terminating operations at the mine…
Windy Craggy copper bet continues to show promise
Geddes Resources’ (TSE) Windy Craggy copper project in northern British Columbia continues to reveal its potential as contractors drive a crosscut into the North zone. The crosscut is being driven thr…
PRODUCER PRICES (December 04, 1989)
ALUMINUM: MW U.S. Market US75.50 cents -77.00 cents per lb. (Nov 21, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.55-$4.65(US) per lb. (Nov…
Vancouver Stock Exchange Prime group dominates trading
Gold prices are still holding above the $400(US) level and that’s particularly welcome news for the Vancouver Stock Exchange. Brokers here say investors are beginning to take an interest in good quali…
Pioneer fighting threat of mine foreclosure
The once amicable corporate relationship between Pioneer Metals (TSE) and its largest single shareholder Pegasus Gold (TSE) has deteriorated into a legal wrangle over Pioneer’s U.S. mineral assets. St…
Continental Pacific plans NWT programs (December 04, 1989)
After spending over $1 million on exploration this past season, Continental Pacific Resources (VSE) plans to spend a further $2 million in the 1990 season on its two key properties in the Northwest Te…
Gold price prompts gold loan paybacks
The rising price of gold has producers of the precious metal moving to pay off their gold loans, the effect of which may be to lend further strength to the metal’s price. One such producer is Giant Ye…
Echo Bay Mines earnings lower
Third-quarter earnings were lower for Echo Bay Mines (TSE) despite increased gold and silver production from the company’s expanding mining operations in Nevada. The company had net earnings of $9.6 m…
Breakwater defers production decision on Estrades
A mining feasibility study has been completed by Wright Engineers on the Estrades gold-silver-zinc-copper deposit in northwestern Quebec. Project operator Breakwater Resources (TSE) has also deferred …