Drilling continues at Joubi property
More encouraging results have been announced by Western Quebec Mines (ME), Messeguay Mines (ME) and Oasis Resources (ME) from their underground exploration program at the Joubi gold project at Val d’O…
News
FINANCING (January 23, 1989)
ONTARIO Espirt Res Ltd — 3,000,000 offered @ $1 per flowthrough sh & 3,750,000 offered @ 80 cents per unit to gross $2,737,500. VANCOUVER Pacific Rim Mng — gross proceeds rec $260,000. Silver Spur …
MSV’s Eastmain bet site of winter drilling
A winter drilling program is under way on the Eastmain gold property in northern Quebec, near James Bay, MSV Resources (ME) reports. The program will involve drilling 60 holes representing 8,000 m. Co…
Spot prices at a glance (January 23, 1989)
Week’s Price (US) Change Gold (per oz) $402.85 –$ 0.65 Silver (per oz) $ 5.94 +$ 0.03 Platinum (per oz) $525.00 –$ 1.00 Copper (per lb) $…
Force majeure lifted by Magma Copper
Recently lifting its force majeure, which was announced in December, was Magma Copper (Amex). The declaration was made under the company’s toll smelting and refining contracts, and refined copper sal…
Pacific Comox Res terminates option
Recently terminating an option to earn a 50% participating interest in three properties northeast of Val d’Or, Que., was Pacific Comox Resources (VSE). The company (formerly Comox Resources) had the o…
Noranda/Freewest start joint venture drilling
Noranda Inc. (TSE) has started drilling on a gold property held in joint venture with Freewest Resources (ME). The drill program will follow-up a strong intersection completed last year, which cut 57….
Trader Res. to explore Ronnoco gold property
Broulan Resources (TSE) and Ronnoco Gold Mines (COATS) have recently signed an agreement which will see a subsidiary of Trader Resources (TSE) spend $400,000 to explore a Timmins area gold property ow…
Metal Prices PRODUCER PRICES (January 23, 1989)
ALUMINUM: MW U.S. Market $1.13-$1.16 per lb. (Jan 5, 1989). ANTIMONY: New York dealer 98 cents -$1.03 per lb. (Jan 5, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: New Yo…
News in Brief (January 23, 1989)
Dawson Eldorado Mines has changed its transfer agent to Montreal Trust Co.
Drilling extends zone at graphite deposit of Stewart Lake
Drilling on the Kirkham graphite deposit in eastern Ontario of Stewart Lake Resources (TSE) has extended the strike length of zone 2 x 700 ft to the south. President Richard Scratch said two drills ar…
Vior/Mazarin funds
A public financing worth $2.5 million has been completed by Societe en commandite Vior- Mazarin, the money to go towards exploration work this month and during February on properties belonging to Vior…