1989


Inter-Globe gambling on Nevada vanadium bet

Vancouver-based junior Inter- Globe Resources (VSE) is hoping positive metallurgical test results will be obtained for its Gibellini vanadium deposit near Eureka, Nev. The company recently completed 1…


Ramp nears target at Eagle River bet

An underground ramp into the main gold zone on Central Crude (TSE) and Hemlo Gold’s (TSE) Eagle River joint venture property near Wawa, Ont., will reach its objective this month. The 1,750-ft decline …


Moneta reports results from Michaud project

Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) recently released interim assay results from the Michaud Twp. gold project 65 miles east of Timmins, Ont. A summer drill program on the property em…


INSIDER TRADES (August 28, 1989)

Agnico-Eagle — Mentor Expl (amended, Feb.) holds 2,194,012. Altex — Pan West Res. sold 10,400 (July) @ $3.10 to hold 229,357. Atlantic Goldfields — Kash Inv. bought 692,300 (July, private) @ 57 cen…


Sikaman Gold adds to Ghana interests

Recently adding to its gold interests in Ghana, West Africa, was Sikaman Gold Resources (TSE). The Toronto-based company reports the government of Ghana has assigned rights of the Abosso mine, a forme…


Inco extends gold zones at High River property

Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) has completed a $6.5-million underground exploration program on the former producing Snow Lake gold mine near Snow Lake, Man. Held under option f…


Belmoral acquires claims at Gordon Lake

Belmoral Mines (TSE) has acquired 78,000 acres of claims near Gordon Lake, N.W.T., 110 km northeast of Yellowknife. Belmoral bought the claims from Central Capital Corp. for $225,000, 1,440,300 common…


Westfield on tract at Choquelimpie mine

Full commissioning of the Choquelimpie gold-silver mine in northern Chile has been achieved by partners Westfield Minerals (TSE) (35%), Shell Chile (42%) and Citibank N.A. (23%). By the end of the sec…


PRODUCER PRICES Metal Prices (August 28, 1989)

ALUMINUM: MW U.S. Market US81.00 cents – 82.00 cents per lb. (Aug 17, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.95-$5.10(US) per lb. (A…


Westmin to joint venture SB project with Tenajon

Recent negotiations between Westmin Mines (TSE) and Tenajon Resources Corp. (VSE) have culminated in an agreement whereby Westmin is to spend $2.4 million to explore, develop and bring to production T…



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