Spot prices at a glance (June 25, 1990)
Week’s Price (US) Change Gold* $347.05 — $5.95 Silver* $4.82 — $0.17 Platinum* $473.00 — $11.40 Nickel** $3.88 + $0.09 Lead** $0.38 + $0.01 Copper- $1.15 — $0.01 Zinc $0.77 + $0.01 Courtesy of Sco…
1990
BHP-Utah to explore Carlin Gold’s Oregon prospect
Having established a substantial property position in southeastern Oregon, Carlin Gold (ASE) recently announced a joint venture agreement with BHP- Utah International to explore an epithermal gold pro…
Gold Pan drilling
A drill program costing US$215,000 is scheduled to begin this month on Gold Pan Resources’ (VSE) Battle Mountain property under option to Billiton Minerals in Ladner Cty., Nev. The 32-claim property a…
Antimony values
Noront Resources (VSE) reported earlier this year intersecting values of stibnite (antimony-bearing mineral) at the Beaver Lake property in central Newfoundland. The drilling was performed as part of …
Euro-Nevada warrants
Euro-Nevada Mining (TSE) has entered into an agreement with securities firms First Marathon Securities and Gordon Capital to issue one million special warrants at $13.50 per warrant. Each special warr…
Prime starts phase II
Despite the jockeying in the ivory towers of Bay and Howe streets for control of the rich Eskay Creek polymetallic deposit, the drills continue to churn at the property. Operator and 50% owner Prime R…
Graphicor options SOQUEM property
An option to earn a 50% interest in the Lac Carmin graphite property near St. Jovite, Que., has been acquired by Exploration Graphicor from SOQUEM, the Quebec Crown- owned mining exploration company. …
FINANCING (June 25, 1990)
VANCOUVER Beauchamps Expl — 600,000 sold for gross $360,000. Link Res — rt exerc on 180,000 @ 52 cents per sh. Omega Gold — 1,000,000 sold for gross $810,000. Waterford Res — rt exerc on 200,000 @…
Metal Prices PRODUCER PRICES (June 25, 1990)
ALUMINUM: MW U.S. Market US73.75- 75.00 cents per lb. (Jun. 14, 1990). ANTIMONY: New York dealer US82-83 cents per lb. (Jun. 14, 1990). BISMUTH: New York dealer US$3.25-3.35 per lb. (Jun. 14, 1990). C…
Juniors need `fair taxation’ to meet exploration targets
The British Columbia and Yukon chamber of Mines has been monitoring mineral exploration expenditures in British Columbia and the Yukon for at least 30 years. During this period, metal exploration expe…
North Lily to drill
A trenching program on the Nine Mile property has prompted owners North Lily Mining (NASDAQ) to proceed with a drilling program. The trenching program tested a 4,400-ft. long east-west trending fault …
Shareholders seek to oust management of Seven Mile High
A shareholders’ committee representing over 50% of the issued shares of Seven Mile High Group (VSE) recently launched a public campaign to remove most of the company’s management team. Seven Mile is a…