Platinum group studies
Most of the world’s platinum group elements (PGE) are produced from PGE-reef layer within an ultramafic to mafic intrusion. A textbook example of a PGE reef is the Merensky Reef, within the Bushveld C…
News
NEWS IN BRIEF (September 03, 1990)
Lotus Resources Ltd. (LOT: ASE) has changed its name to Ashgrove Resources Ltd. (ASH: ASE) on a 1-new-for-1-old-share basis. Transfer agent is Montreal Trust.
COATS (over-the-counter) Louvicourt plans mine
Plans to bring the Louvicourt gold mine (Simkar deposit) near Val d’Or, Que., back into production did little to spark investor interest in joint owner Louvicourt Gold Mines. Louvicourt remained untra…
U.S. REPORT Homestake to operate Tonkin Springs
Tonkin Springs, the first commercial scale mill built in North America to incorporate bio-oxidation pretreatment of refractory gold ores, could soon be operated by a new majority owner, Homestake Mini…
Vien structures at Fontana have geologists baffled
Geologists working on the Fontana project near Amos, Que., are still trying to get a handle on the complex vein structures that control gold mineralization on the property. Disappointed by the last fi…
PRODUCER PRICES (September 03, 1990)
ALUMINUM: MW U.S. Market US81.50- 82.50 cents per lb. (Aug. 23, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$2.95-3.05 per lb. (Aug. 16, 1990). C…
Toronto Stock Exchange Market quiet as Muscocho, Hemlo Gold table
After experiencing some major gyrations earlier this week, including the biggest 1-day decline since last October, the market settled back into a state of calm, today, Aug. 29. The composite 300 index…
Six drills probe Grevet property
Recent infill drilling at zone III of the Grevet zinc property near Quevillon, Que., has yielded more positive results for 50/50 partners Serem-Quebec and VSM Exploration (ME). Six drills are currentl…
McAdam offers shares for debt
Financially troubled McAdam Resources has filed for bankruptcy. The Ontario filing calls for each unsecured creditor to be offered five common shares of McAdam for each $1 of debt outstanding. The pro…
IOCC GOLD OPTIONS (September 03, 1990)
Options Open Series Volume Last Interest Nov. 410 C 852 12.00 1,909 Nov. 420 C 779 10.00 2,227 Nov. 430 C 560 7.50 1,590 Nov. 440 C 1,960 7.00 3,278 Nov. 450 C 225 4.00 199 Nov. 460 C 1,978 4.00 1,429…
China’s base metals production exceeds the West’s estimates
Recent data released by China show that its base metals production is higher than estimated by Western analysts. In the first half of 1990, it produced 280,000 tonnes copper and 400,000 tonnes aluminu…
U.S. REPORT Granges increases stake in Hycroft
A private placement in Hycroft Resources & Development (TSE) totalling $2.5 million by Granges will bring that company’s stake in Hycroft up from 59% to a maximum of 67%. The pricing formula for the p…