FUTURES PRICES Metal Prices (October 02, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct122.50 122.50 122.90 — 7.45 Nov– — 121.40 — Dec121.30 118.90 119.70 — 6.25 …
News
Cominco, Ennex deal
Two companies within the Cominco Ltd. (TSE) fold have acquired options to earn a 35% interest in 30 properties owned by Ennex International (LSE) in Ireland. Cominco Ireland and Pine Point Mines can e…
50 Years Ago BASE METALS DEAL INVOLVES ALL CANADIAN PRODUCERS
By the end of this week it may be possible to conclude and announce a new deal on Canadian base metals in which all Canadian producers, not simply the “big four,” will participate. In Ottawa, a confer…
50 Years Ago SULLIVAN RESERVES RISE BY 50%
A gain of more than 50% in tonnage and in total value of ore reserves is reported by Sullivan Consolidated Mines as a result of the excellent results of development work on the new deep levels during …
Gold funds as of Sept 26
MVP BGR Central Capital Net value $11.58 $ 5.89 $0.54 Price $10.50 $ 5.88 $0.29 Discount 9.33% — 0.3% 46% Value $68,949,131 $99,067,181 N/A…
Snowwater expands 89 work program
Recent drill results from the Whitewater Group gold property near Nelson, B.C., have encouraged Snowwater Resources (VSE) to step up its 1989 exploration program. Recent drilling on the 100%- owned pr…
ON-SITE AT WILLIAMS
The Williams mine (formerly the Page-Williams), in Ontario’s Hemlo country, burst on to the scene as a gold producer in a flurry of public attention in late 1985. With the spotlight on the ensuing own…
Law A DECISION AT LAST
At approximately 4:30 p.m. on AFriday, Aug 11, one of the most Adrawn-out lawsuits in the history of Canadian mining came to a close. The country’s highest court finally delivered its judgment confirm…
Ore Horizons VEZZA GOLD
The Vezza property, 25 km (15 miles) south of Matagami, Que., is owned jointly by Dundee-Palliser Resources and North American Rare Metals. Diamond drilling from December, 1986 to June, 1988 has outli…
50 Years Ago UPPER CANADA MINES STARTS UP MILL
Upper Canada Mines announced this week in a letter to shareholders that its new, 150-ton mill (near Kirkland Lake, Ont.) is ready for turning over. It was expected that operations would begin Oct 5. O…
The Billion Dollar Triangle FROM VAL D’OR TO TIMMINS BOUSQUET NO. 2
Perched between the Dumagami mine/mill complex to the east and Bousquet No. 1 headframe to the west on Preissac Road, north of Cadillac, Que., is the new Bousquet No. 2 headframe. Saddled with the tas…
The Billion Dollar Triangle GOLDEN GIANT: HEMLO’S MIDDLE PRODUCER
Two generalizations apply to the total Hemlo orebody. First, the grade decreases going from east to west, so that the David Bell mine (owned jointly by Teck Corp. and Corona Corp.) has the highest ave…