Spot prices at a glance (March 27, 1989)
Price Week’s ($US) Change($) Gold* 393.40 1.05 Silver* 6.06 0.07 Platinum* 544.65 0.90 Nickel** 7.35 0.41 Lead** 0.27 Copper 1.49 0.01 Zinc 0….
News
Black Hawk drilling Perth graphite bet
A diamond drill program using three machines is continuing on an Ontario graphite property under option to Black Hawk Mining (TSE) from Lodi Metals (VSE). The property is 14 miles southwest of Perth, …
Minnova, HSK deal
A joint venture agreement has been signed by Minnova Inc. (TSE) and HSK Minerals (TSE) on an 86-claim gold and base metals prospect near Mine Centre, Ont. Minnova earned a 51% interest in the claims a…
Vancouver Stock Exchange Resource issues continue to slide
The use of higher interest rates to battle inflation and consequently slow economic expansion is clearly reflected here in an extremely lacklustre market for resource issues. As long as interest rates…
Ontario mining industry set new record for safety
The Mines Accident Prevention Association of Ontario (MAPAO) recently released figures that reveal the lowest accident frequencies ever recorded in the history of Ontario’s mining industry. At the en…
Blue Emerald Plans Surface Work for New B.C. Projects
As soon as weather conditions permit, Blue Emerald Resources (VSE) plans to begin a comprehensive exploration program on two recently optioned claim blocks located about four miles west of Calpine Res…
Rich silver for Acadia
High grading silver values have been assayed from two drill holes completed by Acadia Mineral Ventures (TSE) and Seabright Explorations (TSE) on their Tetagouche property, 30 km west of Bathurst, N.B….
Puffy Lake mine faces uncertain future
Mining and milling operations at the Puffy Lake mine in north central Manitoba will be reduced and suspended over the next three months while Pioneer Metals (TSE) seeks to identify an operating plan t…
IOCC GOLD OPTIONS (March 27, 1989)
Options Open Series Volume Last Interest May 390 C * 146 14.70 573 May 400 C * 218 10.00 3,733 May 420 C * 715 2.80 2,858 May 460 C * 100 0.40 1,505 Aug 400 C * 11…
News in Brief (March 27, 1989)
Field work has been completed on Epoch Capital Corp.’s (VSE) mineral properties in the Baie Verte area of Newfoundland. The Calgary-based company says it is currently awaiting final reports on the fie…
Atlas Gold Bar mill expansion will raise output to 60,000 oz
Atlas Corp. (NYSE) expects to produce over 60,000 oz gold in 1989 because of the expansion of its Gold Bar mill in Eureka Cty., Nev. Process capacity was recently doubled to 3,000 tons per day and gol…
Metal Prices PRODUCER PRICES (March 27, 1989)
ALUMINUM: MW U.S. Market $1.025- $1.065(US) per lb. (Mar 9, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). …