Spot prices at a glance (October 10, 1988)
Week’s Price (US) Change Gold (per oz) $397.25 $ 0.40 Silver (per oz) $ 6.22 + $ 0.04 Platinum (per oz) $507.00 + $12.00 Copper (per lb) $ 1.19 + $ 0.05 Lead (per lb) $ 0.30 +…
News
Property acquisition by Card Lake
A base metals property has been optioned by Card Lake Resources (COATS). Located in the Tumpline Lake area of the N.W.T., the property is 60 miles northeast of Yellowknife. Grab samples from two showi…
Noranda to boost stake in Falconbridge to 29%
When Noranda Inc. (TSE) recently announced plans to increase its stake in Falconbridge Ltd. (TSE) to just under 30%, Chairman Alf Powis said he had no intention of seeking full control. “Our plan is t…
Tarzan in Joburke
Tarzan Gold (ASE) has entered into an agreement with Noranda Inc. (TSE) which gives Tarzan the right to earn a 50% interest in Noranda’s Joburke property near Timmins, Ont. Tarzan can earn the interes…
Metal Prices PRODUCER PRICES (October 10, 1988)
ALUMINUM: MW U.S. Market $1.115-$1.14 per lb. (Sept 22, 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: New Y…
Giant Bay, Coastech test bacteria oxidation system
A couple of Vancouver-based companies are involved in a race to develop a low cost oxidation process which uses live bugs to recover gold from refractory ore deposits. As a skeptical mining industry a…
Inco, Seven Mile to drill Vault bet
Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE), has recommended a 5,000-m drill program for the Vault project shared with Seven Mile High Resources (VSE). Located in British Columbia, the Vaul…
Toronto Stock Exchange Inco helps volumes back over 20-million mark
Volumes have started to creep back over the 20-million share mark and tagging along have been prices. Today’s 14.4-pt advance in the composite index moved the index to 3,310.29 pts on volume of 21.5 m…
PACOAL 89
PACOAL 89 tackles the future of the inter-relationship between power generators and coal with its theme “Electricity and Coal demand in the Asia-Pac ific.” The 4-day conference (in English) will be h…
The unsolved mystery of Dan Willans
He arrived on the northern Ontario mining scene during the first part of this century more or less unannounced, and in the next few years was reported to have made himself a pile of money. His name, h…
Denison approval for Midwest
Approval has been granted to Denison Mines (TSE) to begin a $17.5-million underground test program on the company’s Midwest Lake uranium deposit. Located in northern Saskatchewan’s Athabasca Basin, th…
Bradner set to drill promising Nevada Bet
After having uncovered sections of mineralization grading as high as 0.14 oz gold per ton within a large zone of silicification, Bradner Resources (VSE) says it will conduct a 5,000-ft reverse circula…