Spot prices at a glance (July 17, 1989)
Week’s Price (US) Change Gold* $379.50 +$ 1.10 Silver* $ 5.25 –$ 0.01 Platinum* $508.50 +$ 0.40 Nickel** $ 5.44 –$ 0.09 Lead** $ 0.31 +$ 0.01 Copper- …
News
Echo Bay, Zahavy deal
Echo Bay Mines (TSE) has acquired the option to earn a 50% interest in the Favourable Lake gold property owned by Zahavy Mines (ASE). Situated north of Red Lake, Ont., the property was last explored b…
Oneida exploring its Mishibishu properties
Oneida Resources (VSE) is exploring its Maple Lake property in the Mishibishu Lake area west of Wawa, Ont. Work is focusing on the Pete vein, which was discovered by Oneida last year. This work includ…
Shamrock building mobile bioleach plant
As part of a program to demonstrate the commercial viability of bioleaching refractory ores, Shamrock Resources (VSE) is building a mobile bioleach demonstration plant that will be made available to o…
Editorial Tax grab hurts everyone in the long run
Intransigence on the part of British Columbia’s government over water licence rentals has led to the cancellation of a $130- million expansion of Cominco’s zinc refinery at Trail, B.C. Besides creatin…
INSIDER TRADES (July 17, 1989)
Belore — Merbank Capital sold 100,000 (June, private) @ 25 cents to hold 400,000. Dundee-Palliser — S. Fenton sold 54,500 (May, amended) to hold 1,500. Gldn Tanager — H. Hodge bought 500,000 (June)…
Toronto Stock Exchange Aur and Louvem surge in wake of hot drill
Two more strong holes from what is shaping up to be the most exciting base metals strike in years kept investor interest in the shares of Aur Resources, Societe Miniere Louvem and St. Genevieve Resour…
Ansil copper mine up and running
Celebrating the 25th year of its Lac Dufault division, Minnova Inc. (TSE) has officially opened its Ansil copper mine near here. The relatively rich massive sulphide copper deposit, which also hosts z…
First Toronto selling Forsayth interest
In a bid to improve the lot of shareholders of First Toronto Mining (TSE), the company has opted for an asset sale which will lead to either a distribution of capital or a special dividend. First Toro…
Peat Resources preparing sample
A bulk sample of peat fuel is being prepared for handling and burning tests by Ontario Hydro at the end of August, Peat Resources (COATS) reports. The company says peat from northern Ontario is curren…
Marshall, Eden Roc deal
Marshall Minerals (ASE) has completed the second stage of a private placement with Alberta- listed Eden Roc Mineral Corp. The deal gives Marshall 6.5 million Eden Roc shares representing 50% of the co…
Goldhunter options Cons. Milner claims
Toronto-based Goldhunter Explorations (ASE) recently acquired an option to earn a 60% working interest in 40 unpatented mining claims near Pickle Lake, Ont. Held by Milner Consolidated Silver Mines (A…