Spot prices at a glance (October 17, 1988)
Week’s Price (US) Change Gold (per oz) $404.70 $7.45 Silver (per oz) $6.26 $0.04 Platinum (per oz) $517.00 $10.00 Copper (per lb) $1.27 $0.08 Lead (per lb) …
News
Kewagama raises exploration funds
A flow-through financing agreement worth $435,000 has been reached between Kewagama Gold Mines (Quebec) (ME) and CMP 1988 III Resource Partnership and Co., Ltd. Under the agreement, shares will be iss…
Resources Stroud, Chevron on track at Hislop Twp gold property
Toronto-based Stroud Resources (TSE) says that diamond drilling has continued to expand reserves in the Creek zone on its Hislop Twp. gold property near Matheson, Ont. The company reports the number o…
New mining law for Quebec
Quebec’s new Mining Act and its regulations will officially come into force Oct 24. Approved in 1987 to replace the old act which was passed in 1965, the new mining legislation contains a number of ch…
Recycling metals conference
The department of mining and metallurgical engineering at McGill University is presenting a professional development seminar titled “the recycling of metals” on Dec 5 – 7. Topics include: a historical…
Exall seeking opportunities
At the annual meeting of Exall Resources (TSE), held recently in Toronto, President Stephen G. Roman said the company is now in a secure financial position to actively seek opportunities in the minera…
Editorial Rock Mechanics — Can it prevent tragedy?
The recent death of James Wilson, Jr., an experienced miner, and his partner Bruce Braman in a roof collapse at the Denison- Potacan potash mine in Sussex, N.B., was indeed tragic. But it should not b…
Funds for Orleans
A financing agreement worth $188,000 has been arranged between Orleans Resources (ME) and NIM Resources — 1988 and Co. Ltd. Partnership. To be issued are 250,667 shares at 75 per share. The funds wi…
Render unto Caesar
The Polish mint has struck a one-troy-pound gold coin to commemorate the tenth anniversary of Pope John Paul II’s election as pontiff. Even though there are only 300 of the 0.999% pure gold coins mint…
Muscocho, McNellen release drill results at Magino below 500 ft
Drilling below the 500-ft level at the Magino gold project in northern Ontario confirms the downward persistence of the property’s multiple-vein system, say project partners Muscocho Explorations (TSE…
Tenajon Reports Further Drill Results From SB Property
Channel samples taken from recent underground work at the SB property near Stewart, B.C. returned impressive values in a number of metals including gold, silver, copper, lead and zinc. Tenajon Resourc…
Augmitto on schedule at Beauchastel property
Pre-production development is proceeding on schedule and within budget on Augmitto Explorations’ (TSE) Beauchastel gold property near Rouyn, Que. The company reports that construction of a 1,000-ton-p…