Canaco earning interest
An option agreement has been reached by Canaco Mining Resources (ME) with Cambior Inc. (TSE) whereby Canaco may acquire a 45% interest in the latter’s Rouyn- Merger property located several miles east…
News
Starrex’s Star Lake mine sparks gold rush in Sask.
The Star Lake gold mine in northern Saskatchewan is one of the pleasant stories in recent Canadian mining. In commercial production since the beginning of 1987, its success has sparked somewhat of a g…
Belore pleased with Meat Cove assays
Trenching results from the Meat Cove property have returned several encouraging assays, Belore Mines (ASE) says. Held under option from United Reef Petroleum (TSE), the Meat Cove property is located o…
INSIDER TRADES (October 17, 1988)
Amir — G. Nordin sold 125,000 (July, private) to hold 10,600. Bar Res — D. MacLeod sold 260,650 (Sept, private) to hold nil. Breakwater — R. McDonald sold 30,708 (Sept) to hold nil. Canuc — R. Gun…
PRODUCER PRICES Metal Prices (October 17, 1988)
ALUMINUM: MW U.S. Market $1.00-$1.04 per lb. (Sept 29, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Sept 29, 1988). CADMIUM: New Y…
Asarco/Freport Santa Cruz joint venture for copper
The United States Bureau of Mines in cooperation with the Santa Cruz Joint Venture will undertake a copper mining research project at a deep, low-grade copper deposit located seven miles west of Casa …
Canada’s richest gold mine seeks new manager for next 18 years
If it isn’t doing so already, Placer Dome Inc. (TSE) will soon be looking around for a person to replace Stewart Reid, manager of the Campbell mine at Balmertown, Ont. After 12 years at the helm of Ca…
Nerco Venture
Diversifying its interests outside of North America, Nerco Minerals, a subsidiary of Nerco Inc, has entered into two joint venture agreements which will see it explore for minerals in the prolific Kal…
A new corporation for Crown Resources
Crown Resource, Gold Texas Resources (VSE), and Gold Capital Corp. recently announced the execution of a definitive agreement to combine the ownership of the three companies into a new corporation, Cr…
Noble Peak find
Drilling by Noble Peak Resources (ASE) on the company’s Southwin gold prospect in the eastern arctic has confirmed surface trenched gold values to a depth of 600 ft. Hole 21 intersected 16.8 ft gradin…
U of T social night
The annual University of Toronto Social Night is scheduled for Oct 27. A popular event in past years, this year’s evening will highlight Herman Derbuch, director of mining for Noranda Minerals, who wi…
They’ve never had it so good
A recent article about gold producers hedging their bets by selling their output forward (N.M., Oct 3/88) helped to bring home the point of how much better off mining companies seem to be today compar…