High grade at High River
Drilling by Inco Gold, a wholly- owned affilate of Inco Ltd. (TSE) has yielded one of the best intersections from the former producing Nor-Acme gold mine in Manitoba. Drilled from the 2650-level of th…
News
Toronto Stock Exchange Gold sector heated up by bullion rally
A $13 surge in the price of gold did wonders for the beleaguered gold and silver index which advanced by more than 320 pts — or about 6%. Turmoil in China and the death of Iran’s Ayatollah were two o…
Metal Prices PRODUCER PRICES (June 12, 1989)
ALUMINUM: MW U.S. Market US93.00 cents – 97.00 cents per lb. (June 1, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.20-$6.35(US) per lb (Ju…
COATS McNickel lower
Toronto-based McNickel Inc. slipped 20 cents lower to close at $3.30 on a volume of 21,500 shares this week. The company expects to have drills turning soon on its Lac St. Jean, Que., nickel-copper pr…
Prime updates SNIP project
A number of capital projects were completed on the SNIP gold project 65 miles northwest of Stewart, B.C., in 1988-89 by operator Cominco Ltd. (TSE), shareholders of Prime Resources (VSE) were told rec…
Cominco starts 1989 drilling at Tulsequah Chief
After tripling the reserve potential last year, Cominco Ltd. (TSE) is about to start the first phase of the 1989 work program at the Tulsequah Chief base metal/precious metal project in northwestern B…
Production begins at Cruse/Belmont
A small underground gold mining operation near Helena, Mont., is expected to generate cash flow for equal partners, Cusac Industries (VSE) and Gulf Titanium (VSE). The associated companies recently be…
Lytton in conflict
A proposal to consolidate its shares and change its name is in conflict with the rules of The Toronto Stock Exchange, Lytton Minerals (TSE) has learned. The proposal, if accepted by shareholders, woul…
Canamax moves will save $2.5 million
Canamax Resources (TSE) expects to save $2.5 million a year by reducing its exploration staff, shutting down its Toronto offices and moving to Vancouver. And while President Wayne Lenton said speculat…
Coral Gold extends Robertson mine holdings
Vancouver’s Coral Gold (TSE) has added a further 3,000 acres of mineral claims to its Robertson gold mine holdings in Nevada. Coral now holds 11,000 acres at Robertson, an open pit, heap leach gold mi…
Black Hawk bids to become diversified metals company
After acquiring a 34% controlling interest in Black Hawk Mining, (TSE) banker DCC Equities Ltd. is breathing new life into the Toronto based company. Former Sherritt-Gordon Mines mine manager Garry Hu…
Placer drills Oneida bet
Placer Dome Inc. (TSE) has assumed management of the Mexican Hat project in Arizona from Oneida Resources (VSE). Placer has an option on the property giving it the right to earn a 60% interest by maki…