X-Cal hits low grade
Drilling by X-Cal Resources (TSE) on the company’s Snowbird gold project is indicating improved widths at depth, the company says. Near Fort St. James, B.C., the Snowbird property hosts several gold m…
News
Pioneer struggling to avoid cash crunch
The recent shutdown of the Puffy Lake gold mine in Manitoba and the slow start-up of the 40%-owned Premier Gold mine near Stewart, B.C., have strained the financial resources of Pioneer Metals (TSE). …
Market plunge a non event on Alberta Stock Exchange
If he hadn’t read about it in the newspaper Alberta Stock Exchange President Tom Cumming said he wouldn’t have been aware of the Oct 13 market plunge. While the Dow Jones industrial average dropped 19…
Metal Prices PRODUCER PRICES (October 23, 1989)
ALUMINUM: MW U.S. Market US80.50 cents – 81.50 cents per lb. (Oct 12, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Orex plans to mine Goldboro to prove its economic viability
Quebec-based Exploration Orex (ME) is about to develop a large sub-level retreat longhole stope in the upper reaches of the Goldboro deposit, The Northern Miner learned on a recent visit to the proper…
RFC raises $5 million for Orielle feasibility study
A $5-million financing has been completed by RFC Resource Finance Corp. (TSE). The cash was raised from the sale of 2.6 million special warrants by Bunting Warburg. Each special warrant was sold at $2…
FMC to explore Getchell’s Rock Creek property
An exploration agreement has been signed between Vancouver- based Getchell Resources (VSE) and FMC Gold (NYSE) in order to continue exploration and development work on the company’s Rock Creek propert…
Major company may acquire Uranium Resources
A non-binding letter of intent is setting the stage for an undisclosed major public company to acquire all the outstanding shares of Uranium Resources (TSE). The proposed transaction was announced by …
Big plans for Windy Craggy hinge on copper price
The Windy Craggy copper-gold deposit, about 200 km southwest of here in northwestern British Columbia, could contribute more than 1% of world copper production if it is ever put into production, says …
Metal Prices (October 23, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 10 Oct 9 Oct 6 Oct 5 Oct 4 Copper 1835-183…
Managing Canada’s Mines Service is what separates leaders from the
Intimately associated with Saskatchewan’s big and fascinating potash mining industry since 1964, W. H. Eatock knows it like a book. Now general manager of Allan Potash Mines, he joined that 0000,0600 …
Tarzan Gold and Golden Dragon agreement
Tarzan Gold (ASE) and Golden Dragon Resources (VSE) have entered into an agreement with Total Energold (TSE) where Total Energold can earn a 70% interest in 147 claims in Collet Twp., Que., by spendin…