Metals Prices PRODUCER PRICES
ALUMINUM: MW U.S. Market $1.17-$1.20 per lb. (Sept 8, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: N…
News
Nerco Minerals sticking with precious metals
Speculation that Nerco Minerals wants to get out of the precious metals business has been denied flatly by the company. A few weeks ago Nerco said it was considering the sale of interests in certain p…
Program begins at Eagle Nest Project
A $300,000 exploration program operated by Corona Corp. (TSE) is now under way on the Eagle Nest property located one mile northwest of the producing Nickel Plate gold mine near Hedley, B.C. According…
Noranda signed as operator as Montana ends Noxon saga
Noranda Minerals has emerged as the mystery partner in a successful bid by a Washington holding company to acquire the Noxon silver-copper deposit in Montana. The Toronto-based subsidiary of Noranda I…
Roddy Resources (TSE) and Belmoral Mines (TSE), both of Toronto,
that Roddy has settled all debts owing to a major Creditor, the J. Devins Group, by the issuance of 678,294 common shares of Roddy. In addition legal actions between the J. Devins Group and Roddy have…
Golden Rose not so golden, Noramco stops production
One question on everybody’s mind at the Noramco Mining (TSE) annual meeting was why the company shut down the Golden Rose mine near Thunder Bay, Ont. The property was explored and developed by Emerald…
Kabenung project
Gold values have been assayed by Tundra Gold Mines (VSE) from the company’s Kabenung project in the Mishibishu area. Located west of Wawa, Ont., the property is north of the Magnacon mine being built …
Placer Dome Buys Stake In Alban Explorations
A Vancouver junior appears to have caught the eye of Placer Dome Inc. (TSE). The large gold producer recently purchased 150,000 shares of Alban Explorations Ltd. (VSE) at $1.00 per share, which Alban …
Getty, Noranda increase Tundsra reserves by 21%
Drilling continues to expand reserves at the Tundra gold project — Canada’s largest undeveloped gold resource. Based on work completed by partners Noranda Inc. (TSE) and Getty Resources (TSE), the de…
Alberta Stock Exchange Glencairn moves up
While at least one Toronto investment advisor has admitted to being mildly worried about the direction of gold prices — he expects it to drop to $370(U.S.) per oz — a Toronto-based gold company call…
Supply of platinum to world markets
Is the platinum market in oversupply or undersupply? Two reports appearing in this column earlier this year, each dealing with the supply of the precious metal to world markets, seem to contradict eac…
Cross Lake drilling to start
A drill program on the Red Cross Lake property is under way, Cross Lake Minerals (VSE) says. Funded by a $112,000 share placement with NIM Resources 1988, a flow- through fund, the program will test s…