Magnacon first mine at Mishibishu gold camp
The official opening of the Magnacon mine, this area’s first producer, ushers in what promises to become a significant new Canadian gold camp. An impressive looking plant, it is owned 50% by Flanagan …
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Metal Prices PRODUCER PRICES (July 03, 1989)
ALUMINUM: MW U.S. Market US87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (J…
Six more holes to be drilled on Chance’s Ontario claims
Another six wedged holes are planned for Chance Mining and Exploration’s (COATS) base metals property this year, shareholders learned at the company’s annual meeting. Owned 100% by Falconbridge Ltd. (…
Tough times for Golden Shield; management team main shareholder
Financially strapped Golden Shield Resources (TSE) recently lost its major shareholder after Kerr Addison Mines (TSE) sold its holdings in the Kirkland Lake area gold producer. Kerr, which sold the lo…
Bigger is better, says TVX Chairman
With the world gold mining scene increasingly dominated by “super producers,” able to churn out more than a million oz of the yellow metal per year, Consolidated TVX Mining (TSE) Chairman Eike Batista…
RTZ shareholders approve BP deal
The Shareholders of Britain’s giant RTZ Corp. have approved the $4.3-billion(US) purchase of minerals assets being sold by British Petroleum Co. PLC. RTZ says it expects to complete payment for most o…
Freewest options Vauquelin claims
Montreal-based Freewest Resources (ME) recently optioned a 27 claim property located on the eastern boundary of Louvicourt Twp. near Val d’Or, Que. Freewest has agreed, subject to regulatory approval,…
Victoria uncovers graphite deposits
Drilling in January and February of this year outlined graphite deposits in three zones at the Portland, Ont., project of Victoria Graphite (COATS). Forty-one holes representing more than 16,000 ft we…
Alberta Stock Exchange Champion moves up
A rumor that Champion Gold was involved in negotiations to provide financing for exploration at Canuc Resources’ Coronation Gulf gold project in the Northwest Territories drove the price of Champion u…
Aur plans to release results by the batch
Investors waiting to determine the potential size of the Aur Resources (TSE), Louvem Mines (TSE) massive sulphide discovery near Val d’Or, Que. may have to wait a while. Based on the results of seven …
Goldstake awaits study results on South Dakota tailings project
Completion of a preliminary feasibility study for the Whitewood Creek gold tailings project in South Dakota is imminent, Goldstake Explorations (COATS) President Robert Cleaver said at the annual meet…
Fair Harbour to drill massive sulphide bet
An exploration program is planned by Fair Harbour Mining Corp. (VSE) for its base metal/precious metal property on Pitt Island near Prince Rupert, B.C. The company plans to carry out property-wide rec…