News


Eastmain Sept 15

The depressed environment for raising exploration funds for junior companies is being blamed by Eastmain Resources (TSE) for its inability to contri bute to th e 1989 exploration program conducted by …


LAC to earn 50% of DRX gold bet

New York-based DRX Inc. is teaming up with Toronto gold producer LAC Minerals (TSE) to explore DRX’s Midas property on the Carlin Trend in Nevada. The 283-claim property lies in the northwestern end o…


PRODUCER PRICES Metal Prices (September 25, 1989)

ALUMINUM: MW U.S. Market US78.25 cents – 80.25 cents per lb. (Sept 14, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.75-$4.85(US) per lb. …




Bema officially opens first gold mine

ARCO, Idaho — The official opening of the Champagne mine 20 miles west of this town was celebrated in a fashion that would have amused the prospe ctor who mad e a discovery on the property over a cen…


Dynatec closes stage 1 of Northfield placement

Northfield Minerals (ASE) and Dynatec International have completed the first part of an agreement which should see Dynatec acquiring 5.3 million sha res of Nor thfield at 45 cents per share. Dynatec …


Aur begins to get handle on Louvem sulphides bet

The latest drill holes to be released from the Louvicourt Twp. massive sulphide discovery east of Val d’Or, Que., indicate that the deposit is opening down pl unge and in an easterly direction. That i…


RTZ and BP terminate Olympic Dam agreement

London-based RTZ Corp. and British Petroleum have agreed to terminate agreements relating to the proposed assignment to RTZ of BP’s 49% inter est in the Olympi c Dam copper/uranium mine in South Austr…


Camreco needs $4.5 million for Goldlund

Initial results of a final feasibility study indicate that at least $4.5 million would be required to re-open the former Goldlund mine owned by Camreco Inc. ( TSE) in northwestern Ontario. The past-pr…


Orcana to earn in on East Sullivan

Toronto-based Orcana Resources (VSE) recently optioned 18 claims adjoining the northern boundary of the East Sullivan base metal property near Val d’Or, Que. Situated west of the Aur Resources (TSE)…


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