Workshop on scientific drilling
A 2-day workshop sponsored by the Canadian Continental drilling program and the Geological Survey of Canada will be held on Nov 23 – 24, in Building 3, Observatory Crescent, Ottawa, to stimulate discu…
News
COATS Trading Features (October 10, 1988)
Hectic over-the-counter trading in a non-mining issue startled the COATS market this week, with Air Canada’s costly $12 million public debut shaking the lethargy. Floated at $8 a share with a nudge fr…
Montreal Exchange Mining issues gain (October 10, 1988)
In a week in which nickel companies and the price of gold, which continues to ride under $400(US) per oz, shared the news spotlight, trading on the ME surged forward, with the market portfolio gaining…
Moderate gold/arsenic values found at Durga Res. property
Calgary-based Durga Resources (ASE) has encountered anomalous gold and arsenic values over a large area at its Ban claims in the Northwest Territories. The Ban claims are adjacent to Echo Bay Mines’ (…
The gold price — a mining perspective
If mining companies are to maintain their vitality and provide increased value for their investors, ore reserves must be continuously replaced at a rate greater than they are depleted by mining. Put b…
Metal Prices (October 10, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Oct 4 Oct 3 Sept 30 Sept 29 Sept 28 Copper 1535…
INSIDER TRADES (October 10, 1988)
Black Cliff — N. Kacira bought 30,000 (Aug) to hold 96,000. Cominco — Teck Corp. bought 1,217,400 (July) to hold 3,995,082. Denison — Estate of S.B. Roman holds 751,244 class A; 826,368 class B sha…
News in Brief (October 10, 1988)
Eastmaque Gold Mines (TSE) has agreed to participate in an exploration program in Papua New Guinea. Over the next six months, Eastmaque will spend $190,000 on the project. For the year ended June 30, …
Golden Sitka Suspends Exploration of Chichagof Properties
A review of exploration programs at the Hirst- Chichagof and Chichagof mine properties in Alaska has led to a decision by Golden Sitka Resources (VSE) to suspend further work at its Chichagof project …
Canamax finds high grade zinc
A high grade zinc discovery have been made by Canamax Resources (TSE) on the company’s Mt. Hundere property near Watson Lake, Yukon. The drilling, located two miles north of the company’s Jewelbox Hil…
Jamie options Todd to Cherly Res
Jamie Frontier Resources (COATS) has optioned its Todd Twp., Ont., gold property to Cherly Resources (VSE). The property is located 15 miles west of Red Lake. Cherly can earn a 50% interest by making …
Trade Commission of Chile
The Trade Commission of Chile recently announced that a delegation of mining executives and the President of the National Mining Guild of Chile (Sociedad Nacional de Mineria A.G.) will be in Toronto f…