Metal Prices PRODUCER PRICES (October 24, 1988)
ALUMINUM: MW U.S. Market $1.01-$1.07 per lb. (Oct 6, 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 Yor…
News
Drill Program Starts On Oneida’s Maple Leaf Project
A drill program is under way on the Maple Leaf project in the Mishibishu Lake gold camp of Ontario. owned 100% by Oneida Resources (VSE), one of several Applegath Group companies active in the area. T…
Minnova/Rea Gold get approval for B.C. mine
Because going- it-alone to production is proving too costly a proposition for many juniors in British Columbia these days, a good many of the province’s advanced projects seem to be finding their way …
Lead/zinc shipped from Caribou, N.B. by 1989
A new $120-million mine has begun producing concentrates in northern New Brunswick. Lead/ zinc concentrates from the 2,000- tonne-per-day Caribou mine/mill complex should be on their way to Europe by …
Publicity, ethics rule Acadia Mineral meeting
Professional ethics took a front seat at the annual meeting of Acadia Mineral Ventures (TSE) in Toronto recently. Several shareholders expressed concern about apparent discrepancies in tonnage and gra…
Hardrock Extension
Encouraging gold assays have been received by Hardrock Extension (TSE) from the company’s gold property near Geraldton, Ont. Surface stripping and sampling have tested the VG zone for 80 ft. Some of t…
ERG Resources get financing
A financing for ERG Resources (TSE) big tailings recovery project near Timmins, Ont., has been arranged. A $41 million gold loan has been provided by Westpac Banking Corp., based in Australia. Pamour …
Levon/Veronex program yields gold in drift
A drifting program on the Congress gold property of Levon Resources (VSE) and Veronex Resources (VSE) near Gold Bridge, B.C., recently intersected a 630-ft long zone grading 0.33 oz gold over an avera…
Letters to the Editor CIM ignored
I was pleased to note that you included Jack McOuat’s speech on Due Diligence as presented at the Toronto Branch of CIM on Sept 15 in your Oct 3, issue. I was disappointed however that you made no men…
Magino mine officially open
The second gold- mine opening in less than a month took place northeast of here recently when the Magino property of Muscocho Explorations (TSE) and McNellen Resources (TSE) officially went into produ…
Magino mine officially open Photo by Muscocho Explorations
Attending the ribbon-cutting ceremony at the joint-venture Muscocho Explorations (50%) and McNellen Resources (50%) Magino mine were, from left: Frank Johnson, Muscocho’s general manager mining operat…
Warm weather allows Gold City Resources to up placer output
Production and gold grades are both up at the Indian River placer project, Gold City Resources (ASE) said recently. Located 35 miles southeast of Dawson City, Y.T., Indian River is a joint venture inv…