Spot prices at a glance (December 19, 1988)
Week’s Price (US) Change Gold (per oz) $419.60 -$ 5.75 Silver (per oz) $ 6.14 +$ 0.03 Platinum (per oz) $598.00 -$ 1.00 Copper (per lb) $ 1.59 +$ 0.05 Lead (per…
News
Province launches database series
The first of six new computer databases being developed by the Ministry of Northern Development and Mines’ Geoscience Data Centre is now available, Ontario Mines Minister Sean Conway announced recentl…
Barrick options Mirandor property
An agreement has been reached between Mirandor Exploration (ME) and American Barrick Resources (TSE) whereby the latter may earn a 60% interest in the Halliwell property in the Rouyn- Noranda, Que., a…
Sampling program yields impressive results for Cactus West
Although still an early stage project, Cactus West Explorations (VSE) reported some impressive values from a preliminary exploration program on its Missouri gold property, one of three adjoining prope…
Cookie-jar mining considered for Kennedy River gold project
A new low- cost method of mining narrow vein gold deposits called “cookie jar mining” is being considered by International Coast Minerals (VSE) for its gold project in the Kennedy River camp on Vancou…
Editorial Alarm bells are ringing
From a recent presentation by Lionel Kilburn at a seminar sponsored by the Prospectors and Developers Association of Canada. In the spring of 1988, two significant papers were presented by senior exec…
Ateba, Roxmark explore zone (December 19, 1988)
Assays of the gold mineralization at the 17th level of the old Magnet mine near Geraldton, Ont., have been encouraging, particularly where the entire widths of the mineralization are exposed in the wo…
Editorial Mining at new depths
It may not be next year, it may not be in the next decade, but eventually we’ll be mining on the ocean floor. With massive sulphide deposits measuring 150 m in diameter or more and at least five met…
Corona says grade and tonnage lower at Nickel Plate project near
Production deficiencies at Corona Corp.’s (TSE) Nickel Plate mine near Hedley, B.C., are finally out in the open. Addressing a group of analysts in Montreal recently, President Peter Steen confirmed t…
Montreal Exchange Cambior ups offer
When Cambior Inc. decides to pursue an acquisition target, it seems there is no holding back the major Quebec gold producer. Initially bidding $1.50 per share for between 30% and 60% of Nova- Cogesco …
Aunore funding
Two private placements totalling $1 million have been completed by Aunore Resources (ME) with Middlefield Resource Fund 1988 Ltd. Partnership II. The company says proceeds from the placements (worth $…
Robex plans start-up of barite project
Start-up by late 1989 of an open- pit barite mining operation near Upton in Quebec’s Eastern Townships, has been announced by Robex Resources (ME). The company reports it is acting on the results of a…