Atlanta Gold Drilling Increases Reserves
The 1988 drilling program has significantly increased proven reserves on the Atlanta project in Idaho, says Atlanta Gold Corp. (VSE), which is curmine. The company can acquire 100% control (subject to…
News
Investment Comment QPX has Placer Dome’s backing
Finding a listed company that offers a combination of potential for capital gains associated with penny mining stocks and blue-chip credibility isn’t easy. Some might say it’s impossible. Other invest…
Nerco Minerals sticking with precious
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…
Armistice prepares to deepen shaft at Virginiatown bet
With a new hoist and headframe in place and rehabilitation of the old shaft to 1,250 ft complete, Armistice Resources (ME) is forging ahead with a deep underground exploration program at its gold prop…
Montreal Exchang Two mine openings
The stock market news doesn’t seem to get any better as the summer nears an end. The Montreal Exchange experienced a downturn this past week with both the general market portfolio index and the mining…
Louvem earnings (September 12, 1988)
A net loss of $409,000 (3 cents per share) was reported by Louvem Mines (TSE) for the first half of 1988, compared to a net gain of $527,000 (4 cents per share) for the same 6-month period in 1987. Lo…
Metals Market Spot prices at a glance
Week’s Price (US) Change Gold (per oz) $427.00 + $ 0.65 Silver (per oz) $ 6.51 + $ 0.05 Platinum (per oz) $526.00 $ — Copper (per lb) $ 1.07 $ — Lead (per lb) $ 0.28 …
Black Hawk deal
Black Hawk Mining Inc. (TSE) has entered into an agreement with Lodi Metals (VSE) which gives Black Hawk the right to earn a 55% interest in Lodi’s graphite property near Smith Falls, Ont. Black Hawk …
Borealis to place Fat Lake assets into new subsidiary
Calgary-based Borealis Exploration (ASE) says it plans to form a new subsidiary before bringing its Fat Lake gold project into production next year. To be named Borealis Fat Lake Mine Ltd., the new en…
Metals Page High prices provide the fuel for intensive global gold
“Gold is the key, whatever else we try, and that sweet metal helps the winner in each case, with love as well as war.” These words were written by Moliere 326 years ago. Mining for gold really is digg…
Books (September 12, 1988)
A report entitled Field inventory of mineral resources, Goshute Indian Reservation, Nevada and Utah is available for public inspection at the Nevada Bureau of Mines and Geology. The report may be insp…
Campbell has second half loss
A loss of $513,000 was realized by Campbell Resources (TSE) for the first half of this year. This compares to a profit of $421,000 for the same period last year. The red ink comes from a loss of $211,…