Letters to the Editor CUB tunnel borer
We appreciate your comments on the CUB tunnel borer in your Nov 27, 1989, issue. However, there is one minor error in that we hope the machine will realistically do 1,000 ft per month. If it bores 1,0…
News
Zone results confirm Monique lens extension
Results from the G zone of the Monique property in Louvicourt Twp., in the Val d’Or area of Quebec, confirm the extension of the gold-bearing lens above the known lens, as well as to a minimum depth o…
Ontario’s Mines Minister to deliver lecture
Ontario’s Minister of Mines Hugh O’Neil will deliver a lecture at a luncheon meeting Dec 11 at Metro Toronto Convention Centre. His topic, “Meeting the Challenges of the 90s and Beyond,” will address …
Epoch to drill
Ground exploration by Epoch Capital on properties in Newfoundland has identified several drill targets. On the Lady Pond property, two drill holes will test a geophysical anomaly near old underground …
IOCC GOLD OPTIONS (December 11, 1989)
Options Open Series Volume Last Interest Feb 380 C 153 34.00 1,109 Feb 390 C 253 23.80 1,291 Feb 400 C 674 20.00 2,569 Feb 410 C 424 13.50 906 Feb 420 …
Gold funds as of Dec 5
MVP BGR Central Capital Net value $12.30 $6.38 $0.52 Price $11.25 $6.50 $0.38 Discount 8.54% 1.9% 27% Value $72,897,506 $10…
Toronto Stock Exchange Indices (December 11, 1989)
1989 Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 HIGH LOW Composite “300” 3939.84 3952.66 3958.65 3942.77 3946.65 4037.83 3353.13 Metals & Minerals 3369.31 3366.52 3357.11 3353.24 …
Correction (December 11, 1989)
A tailings treatment project of Giant Yellowknife Mines (TSE) identified (N.M., Dec 4/89) as being in Timmins, Ont., and operating at a breakeven level during the first nine months of 1989 was incorre…
Cold slows Giant’s tailings project
The Yellowknife, N.W.T., tailings treatment project of Giant Yellowknife Mines (TSE) “operated at breakeven” in 1989, its second year of production, the company reports. Incorrect reference was made (…
Feasibility study on Goldlund sets capital cost for Camreco
A first-phase feasibility study has been completed for Camreco Inc. (TSE) which examined the costs required to reopen the company’s Goldlund mine near Sioux Lookout, Ont. Completed by Wright Engineers…
Metal Prices PRODUCER PRICES (December 11, 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. (No…
Granges in Newfoundland
Granges Inc. (TSE) has been granted an option from TerraGold Resources to explore TerraGold’s Little Bay property in Newfoundland. Granges must spend $66,000 on exploration by June 30, 1990. In order …