News in Brief (May 15, 1989)
Strike Minerals (COATS) plans to resume work on its Baden Twp., Ont., gold properties as soon as road conditions permit. Two zones are to be studied. The first is a 100-ft wide carbonated zone that ha…
News
Spot prices at a glance (May 15, 1989)
Price Week’s ($US) Change($) Gold* 378.10 +1.60 Silver* 5.67 +0.03 Platinum* 533.90 –0.60 Nickel** 6.40 –0.14 Lead** 0.29 +0.01 Copper 1.29 –0.05 Zi…
Coxheath Gold mine to resume production
Full-scale production will resume at Coxheath Gold’s (TSE) Tangier mine in Nova Scotia now that the company has completed modifications to improve mill recovery rates. Shareholders were told at Coxhea…
Citadel stays cautious after Surluga gold pour
Without pomp or ceremony, Citadel Gold Mines (TSE) recently poured the first gold bar at its Surluga mine project near Wawa, Ont. The 137-oz bar was produced from a surface stockpile which Citadel is …
ATLANTIC REPORT Onitap selling Goldboro interest
Onitap Resources (TSE) of Scarborough, Ont., plans to sell its interest in the Goldboro property on Nova Scotia’s eastern shore to Exploration Orex (ME). The 37 Guysborough Cty., claims are to be sold…
Sikaman exploring Nevada claims
Options to retain a 100% interest in 125 claims in the Gilbert mining district of Nevada have been acquired by Sikaman Gold Resources (TSE). The claims are situated 20 miles north of Tonopah and were …
Bitech awaits judgement on Tashogan acquisition
Toronto-based Bitech Energy Resources (ASE) is still waiting on a fairness opinion in connection with its offer to acquire all of the outstanding shares of Tashogan Minerals. Tashogen holds the 132-cl…
Hillsborough group to spend $6 million at Mt. Hundere
A joint venture exploration program involving a group of companies led by Hillsborough Resources (TSE) will get under way this summer at the Mt. Hundere zinc-lead- silver property near Watson Lake, Y….
Metal Prices (May 08, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 2 May 1 Apr 28 Apr 27 Apr 26 Copper 1744-174…
Corona to buy Avalonp change oil & gas holdings
A plan to restructure its oil and gas and industrial mineral assets has been announced by Corona Corp. (TSE). The plan calls for Corona to become the majority owner of North American oil and gas produ…
Armistice testing deep Kerr zone
The drilling of the first of several deep holes from the 2250 level to test the Kerr zone is under way at the Virginiatown, Ont., gold project of Armistice Resources (ME). The holes are part of a 35,0…
Moneta hits at Nahanni
Encouraging gold values have been assayed in a drill hole completed by Moneta Porcupine Mines (TSE) on property held under option from Nahanni Mines (TSE). The claim group straddles a section of the D…