Metal Prices FREE MARKET (September 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 13 Sept 12 Sept 9 Sept 8 Sept 7 Copper 1446-1448 140…
News
Atlantic Gold drilling increases proven reserves in Idaho
Partners Atlantic Goldfields (COATS) and Jascan Resources (TSE) are considering what to do with their combined 45% interest in the Noxon silver-copper deposit, now that an agreement to sell their inte…
Nickel falls to near $5
The roller-coaster ride nickel has been on this year took a downturn recently when the morning spot price of the base metal fell to $5.08(US) per lb on the London Metal Exchange (LME) and the 3-month …
Geddes pulls 61 ft on Windy Craggy
Geddes Resources (TSE) reports that a recently completed underground drill hole on its Windy Craggy property in northern British Columbia has intersected 60.8 ft grading 0.13 oz. gold, 0.10 oz silver …
Newmont drilling at Claude’s Ithingo
A diamond drill program has started on the Ithingo Lake gold property in northern Saskatchewan. Operated by Newmont Mining, the project is held under option from Claude Resources (TSE). Newmont has th…
Higher Profits and Capital Investment for B.C. Mining
After five consecutive years of losses, British Columbia’s mining industry in aggregate reported positive earnings in 1987. According to a survey conducted for the Mining Association of B.C., this dra…
News in Brief (September 15, 1988)
BGR Precious Metals Inc. has declared a regular quarterly dividend of 25 cents per common and class A share, payable Oct 28 to shareholders of record Oct 21.
A Market for Chromite
Platinum group metal (PGM) explorers can look forward to some potentially good news which should be forthcoming soon. Charles River Associates of Boston, Mass. is doing a market survey for a consortiu…
Good hole reported at Cornucopia’s Ivanhoe property
With a feasibility study almost complete, partners Galactic Resources (TSE) and Cornucopia Resources (TSE) are still pulling some interesting results from the Ivanhoe joint venture near Carlin, Nev. C…
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…
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…