Spot prices at a glance (June 26, 1989)
Week’s Price (US) Change Gold* $365.70 +$ 4.10 Silver* $ 5.24 +$ 0.01 Platinum* $495.60 +$11.85 Nickel** $ 5.24 -$ 0.23 Lead** $ 0.29 -$ 0.02 Copper $…
News
Pegasus shareholders ratify pioneering rights plan
A shareholder protection rights plan adopted late last year by Pegasus Gold Inc. (TSE) to prevent coercive takeover activity was ratified by shareholders at the company’s recent annual meeting. Pegasu…
Nova Scotia withers in wake of Nfld exploration boom
Explanations of the current exploration boom in Newfoundland and the bust in Nova Scotia were offered at a recent Maritime Minerals Exploration Discussion Group gathering in Halifax. Although 1987 was…
Citadel Gold stakes base metal anomaly near Rimouski, Que.
A release by the Geological Survey of Canada (GSC) of results from a heavy mineral geochemical survey near Rimouski, Que., has generated a small-scale staking rush with Citadel Gold Mines (TSE) emergi…
Queenston stymied at Kirkland claims
A mineable ore deposit has yet to be found deep beneath Queenston Gold Mines’ (TSE) Kirkland West claims near Kirkland Lake, Ont., shareholders were told at the company’s recent annual meeting in Toro…
Platinum supply can’t keep up with demand
A supply deficit of platinum is expected to continue, Johnson Matthey says in its latest annual review of the industry, Platinum 1989. The platinum industry authority reports demand last year rose by …
Gold funds as of June 20
MPV BGR Central Capital Net value $11.54 % $ 6.00 % $0.58 Price $ 9.625% $ 5.50 % $0.46 Discount $16.59% 8.3% 26.1% Value $68,735,288 $100,964,924 N/…
Minto, N.B. celebrates 350 years of mining
This year marks the 350th anniversary of coal mining in New Brunswick and the community of Minto will celebrate the occasion in style on July 1. As early as 1639, New Brunswick miners were quarrying t…
Vancouver Stock Exchange Rumors fuel Continental Gold surge
A slightly stronger gold price and a slightly weaker dollar encouraged some investors to peek out of the trenches at press time, but most brokers still maintain it will take a sustained gold price ove…
Degussa Canada bars gain new recognition
The Canadian subsidiary of giant metals company Degussa of Germany has been accorded “good delivery status” on the London market for its gold bars. Degussa Canada has announced its name has been added…
Brex drilling
Encouraging results have been reported by Brex Exploration (ME) from the Shoal Lake property 24 miles southwest of Kenora, Ont. Three holes were drilled. Hole 89-2 cut 9.7 ft of 0.24 oz gold per ton a…
More drills head for Aur find ….Photo by The Northern Miner
Aur Resources President James Gill explains how geological detective work led to discovery of a new massive sulphide deposit in the South horizon of the Louvem property. The map in background shows pr…