Editorial War Eagle woes
The story of War Eagle Mining is not over yet, but the behaviour of the company’s stock price over the past few weeks bears commenting on. The fate of the company’s property in southwestern Idaho ha…
News
Metal Prices PRODUCER PRICES (November 21, 1988)
ALUMINUM: MW U.S. Market $1.10-$1.125 per lb. (Nov 10, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6.05-$6.25 per lb. (Nov 10, 1988). CADMIUM: New York …
Golconda Res. trades heavily before testing Morning Glory
An announcement that Golconda Resources (ASE) is about to start drilling on the Morning Glory gold property in Idaho sparked a high degree of interest in the Calgary company recently. In a day of heav…
Montreal Exchange Amer. Reserve bid
Announcment of a takeover bid of its partner in the Paymaster project at Timmins, Ont., helped American Reserve Mining gain 38 this week. American, which closed at $2.10 on a volume of 109,700, has bi…
Manson Creek private placement
A private placement agreement has been signed between Manson Creek Resources (VSE) and Golden Rule (TSE) where Golden Rule will purchase up to one million units of Manson Creek at a price of 40 per un…
Mispec Res. on ME
Recently listed for trading on the Montreal Exchange was Mispec Resources (symbol MPE) of Saint John, N.B. Mispec, incorporated in 1986, owns mining rights to three New Brunswick properties: in the Ca…
Denison to spend $1 million on Guyana gold bet
Toronto-based Denison Mines (TSE) and little-known South American Goldfields (COATS) are set to launch a $1-million exploration program for gold in Guyana, South America. The program was given the go-…
Claude awaits project study
A prefeasibility study is expected within weeks for Claude Resources’ (TSE) Seabee gold property in Saskatchewan. Being prepared by A.C.A. Howe International, a mining consulting group, the study will…
Canadian apartheid?
Regarding your editorial “Flin Flon shouldn’t suffer for Apartheid.” (N.M., Oct 31/88): Apartheid is not an English but Dutch word, meaning separation. According to The Northern Miner, Canadians abhor…
DRX sells Randsburg claims to Echo Bay
Having sold a portion of its Randsburg, Calif. gold claims to the U.S. exploration wing of Echo Bay Mines (TSE), New York-based DRX Inc. is contemplating what to do with the proceeds. DRX is a holding…
Nickel showing in virgin area spurs staking
A recently discovered nickel- copper showing about 70 miles northwest of Chicoutimi, Que., has sparked a staking rush in the past four weeks. The showing is on the northeast corner of a large anorthos…
Tarzan completes diamond drilling
Tarzan Gold Inc. (ASE) has recently completed diamond drilling of hole 88-1 on the Main East Zone downward extension of the Joburke mine to a depth of 372.4 m to intersect the ore zone extensions at a…