Books in Review (July 25, 1988)
SILVER ISLET — Striking It Rich In Lake Superior by Elinor Barr. A Natural Heritage publication, first of its planned Canadian Shield series. 160 pages with excellent archival photographs and memorab…
News
Ekaton buys control of bentonite producer
A 75% equity interest in Saskatchewan-based Avonlea Mineral Industries has been acquired by Ekaton Industries (TSE), the latter company reports. Ekaton says it will convert $600,000 of its $1.6-millio…
Holt-McDermott dilution monor problem: Barrick
With all the hype surrounding some astonishing gold discoveries at the Goldstrike operation in Nevada and a lawsuit over the Mercur mine in Utah, American Barrick Resources’ (TSE) newest gold producer…
Bralorne gold property nears feasibility stage
A $3.1-million exploration program aimed at advancing the Bralorne gold mine property of Golden North Resource Corp. (TSE) and Imperial Metals (TSE) to the production feasibility stage by year-end is …
J.A.G., Valmont work Malartic bet
Drilling at its Malartic gold property in northwestern Quebec has intercepted a new horizon, bearing free gold and arsenopyrite, about 260 ft south of the main zone, J.A.G. Mines (ME) reports. Preside…
Falconbridge setsd $32m. for Lindsley project
Spurred by encouraging surface exploration results at its Lindsley base/precious metals prospect in the Sudbury area of Ontario, Falconbridge Ltd. (TSE) plans a $32- million shaft sinking and undergro…
Aurogin, Duration active near the Soo
A $200,000 flow-through share financing will enable Aurogin Resources (VSE) to finance the company’s 33.33% interest in an exploration program in Palmer and Ryan twps., Ont. Located near Sault Ste. Ma…
News in Brief (July 25, 1988)
Vancouver-based Fleck Resources (VSE) says it has arranged with NIM Resource — 1988 and Co. Ltd. Partnership for a flow-through share issue to raise $500,000 for qualified expenditures on Fleck’s Smi…
Metal Prices PRODUCER PRICES (July 25, 1988)
ALUMINUM: MW U.S. Market $1.22-$1.29 per lb. (July 7, 1988). ANTIMONY: New York dealer $0.95-$1.05 per lb. (July 7, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New Yo…
Thor to earn interest in Big Hurrah project
Calgary-based Thor Gold (ASE) has signed a letter of intent to earn a 70% interest in Golden Zone Developments’ (VSE) Big Hurrah project on the Seward Peninsula about 45 miles east of Nome, Alaska. Th…
Gold survey maps are on sale in B.C.
New gold survey maps covering a large area of north-central British Columbia are now available from the province’s ministry of energy, mines and petroleum resources. The maps are based on a government…
Montreal Exchange Mixed-trading week
Mixed trading highlighted this past week’s activity on the ME, where the market portfolio recorded a small loss but the mining and minerals index climbed more than 8 pts. Daily volumes were light, ran…