Copper Range purchase boosts Metall’s profit
The Copper Range mining and smelting operation at White Pine, Mich., has helped to boost second- quarter earnings for owner Metall Mining Corp (TSE). Acquisition-oriented Metall purchased all the outs…
News
Tailings treatment project has yet to reach output target
Daily gold production remains short of design target but the tailings treatment project of ERG Resources (TSE) at Timmins, Ont., has reached the stage where revenues approximate operating costs, the c…
Trenching at Soocana bet yields high gold results
Shares of Soocana Explorations (ASE) have been making some significant gains in recent weeks even though the Toronto company hasn’t announced any news that would justify the price increase. In the spa…
Noranda drilling Glimmer property (August 28, 1989)
Glimmer Resources (VSE) reports that drilling is currently under way on its Hislop Twp. gold claims under option to Noranda Exploration east of Timmins, Ont. The drilling is designed to provide a geol…
Crown Resources gains ground at Buckhorn
Denver-based Crown Resources (VSE) has made several recent property acquisitions near its Buckhorn Mountain project and Strawberry Lake property, four miles west of Buckhorn, in Okanogan Cty., Wash. W…
Geddes raising $10 million for Windy Craggy copper bet
In a bid to have a pre-feasibility study on the table by freeze-up, Toronto-based Geddes Resources (TSE) is planning a $10-million rights offering to fund exploration at the Windy Craggy copper proper…
HSK plans to earn 50% in Strike bet
Toronto-based HSK Minerals (TSE) has signed a letter of intent to earn a 50% stake in Strike Minerals’ (COATS) Baden Twp. gold property near Matachewan, Ont. Located about 16 km north of Matachewan, t…
News in Brief (August 28, 1989)
Blackdome Mining (TSE) has declared a special dividend of 42.5 cents on its common shares payable Aug 21 to shareholders of record Aug 4. The dividend is subject to an arrangement whereby the company …
COATS (over-the-counter) McNickel leads
Leading the week’s trading was McNickel Inc. with more than 200,000 shares changing hands. McNickel traded as high as $3.00 before closing at $2.65, off 25 cents from the week before. Three drills ar…
Corona, Prime swapping shares
Toronto-based Corona Corp. (TSE) and Murray Pezim’s west- coast Prime Resources (VSE) have agreed to swap shares. Prime will sell Corona 10 million Prime shares in exchange for two million A shares of…
PRODUCER PRICES Metal Prices (August 28, 1989)
ALUMINUM: MW U.S. Market US81.00 cents – 82.00 cents per lb. (Aug 17, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.95-$5.10(US) per lb. (A…
Minago nickel project encourages Black Hawk
After acquiring 100% control of the Minago nickel deposit in northern Manitoba, Black Hawk Mining (TSE) is moving aggressively to develop the property. The Minago deposit, situated 140 miles south of …