Goldteck continues work on Stairs property
A surface work program to select more drill targets is under way by Goldteck Mines (VSE) on the Stairs property in the Matachewan area of northern Ontario. According to President William Bergey, expen…
News
Letters to the Editor Legalized crooks
I have been a subscriber to The Northern Miner for 20 years or more. I am a slow learner but after all these years I have come to the conclusion that some executives and promoters of mining are like p…
B.C. gives grants to prospectors
Grants to help 136 mineral prospectors have been approved under the British Columbia government’s half-million-dollar prospectors’ assistance program. “B.C.’s mining industry depends on active explora…
Toronto Stock Exchange Mining indices slip, despite gold’s rebound
The volume of shares traded on the TSE this week was characteristic of this time of year — below the yearly average at 15.9 million. The TSE 300 composite index slipped 87.34 points on the week to cl…
Inco takes low key approach to Seven Mile High discovery
The exploration department at Inco Gold is calling it a good exploration bet which it plans to follow up on. But results from a small group of claims located just 10 miles south of Penticton, B.C., su…
Dickenson, Wharf directors agree on merger proposal
The boards of directors of Dickenson Mines (TSE) and Wharf Resources (TSE) have approved the principal terms of a merger of the two companies, subject to shareholder and regulatory approval. Dickenson…
News in Brief (August 01, 1988)
Simicom 1988 and Company Limited and Partnership has entered into an agreement with Madeleine Mines (TSE) to provide the company with $500,000 in financing for the 1988 exploration season. The partner…
Cominco American
Cominco American Inc., a wholly-owned subsidiary of Cominco Ltd. (TSE), and alenco Petrochemicals have formed a partnership which will allow Alenco to participate in Cominco American’s nitrogen-based …
Dundee-Palliser ponders $8 million Vezza program
After spending around $5.6 million at the Vezza Twp. properties in northwestern Quebec, Dundee- Palliser (TSE) and partner North American Rare Metals (VSE) are gearing up for an underground exploratio…
Chevron signs major deal on N.W.T. gold properties
Junior mining companies don’t often take in a $1- million immediate cash payment from a major mining company as part of an option agreement — particularly for gold properties located in the Northwest…
Metal Prices PRODUCER PRICES (August 01, 1988)
ALUMINUM: MW U.S. Market $1.21-$1.26 per lb. (July 21, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Encouraging results reported by Orex at Onitap property
A drill core sample from the Goldboro property in Nova Scotia assayed 1.42 oz gold per ton (uncut) over 25 ft, Orex Exploration (ME) reports. Orex may earn a 50% interest in the property from Onitap R…