BRIEFS Offering rejected
A rights offering by Explorations Minieres du Nord (ME) which would have raised up to $747,000 was turned down by the Montreal Exchange. The company says it is studying alternate financing means, incl…
News
Brunswick’s success at depth could revive base metal camp
A single drill hole intersection near Brunswick Mining and Smelting’s (TSE) No. 12 mine has raised hopes in this picturesque province that large massive sulphide deposits are waiting to be found at de…
Metal Prices PRODUCER PRICES (June 25, 1990)
ALUMINUM: MW U.S. Market US73.75- 75.00 cents per lb. (Jun. 14, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$3.25-3.35 per lb. (Jun. 14, 1990). C…
Alberta Stock Exchange Varna reserve figure
After drilling 79 holes at the Ming’s Bight gold property in Newfoundland, Varna Gold and project partner Corona Corp. reported a preliminary reserve figure (undiluted) of more than 1.3 million tons g…
Metal Prices FREE MARKET London Metal Exchange (June 25, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 19 June 18 June 15 June 14 June 13 Copper 1500-1501 — 1518-1520 1496-1498 1494-1495 Lead 489-490 — …
Dolly gets financing
A private placement of $1.05 million will give Dolly Varden Minerals (VSE) the funds it needs for 50,000 ft. of diamond drilling on the company’s Kitsault Valley, Stewart area property. The placement …
QUERY Augdome acquired New Augarita assets
We recently discovered a share certificate for New Augarita Porcupine Mines dated June 9, 1939. The stock belonged to my wife’s late father. We would like to know if these shares are still valid, what…
Canadians study Soviet technique for exploration
Canadian mineral explorationists are getting a close look this summer at a Soviet geophysical exploration technique. Since first broaching the subject during a trip to Moscow in 1983, Harold Seigel, p…
Juniors need `fair taxation’ to meet exploration targets
The British Columbia and Yukon chamber of Mines has been monitoring mineral exploration expenditures in British Columbia and the Yukon for at least 30 years. During this period, metal exploration expe…
Airborne survey results awaited at Hixon project
Preliminary results of an airborne geophysical survey at Hixon Gold Resources’ (VSE) 4,000-acre Skidoo property near Prince George, B.C., are expected to be available this month. The wholly owned prop…
Price of gold is following downward trend
The recent drop in the gold price to $345.50, a 4-year low, is part of an overall decline in the value of the metal, some analysts suggest. Although gold had picked up to $347 recently as investors to…
Toronto Stock Exchange Replay of Hemlo excitement in store at Eskay
The exciting Eskay Creek gold play in northwestern British Columbia’s Stikine Arch helped an otherwise dreary gold sector shake off some lethargy during the week ended June 19. Analysts had predicted …