News in Brief (August 22, 1988)
Robex Resources (ME) has signed an agreement, in principle, with Maufort Resources (ME) which allows Robex to buy back up to 13% of its capital share and up to 21% of the capital share of its sister c…
News
FUTURES PRICES (August 22, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 93.40 93.40 93.45 — 0.55 Sep 94.95 92.30 …
Minnesota mineral lease sale
Minnesota’s department of Natural Resources is in the final stages of assembling the list of lands and mineral rights that will be offered at the 1988 state metallic minerals lease sale. The date of t…
Corona Operator of Phase II Program on Brett Property
A Phase II exploration program operated by Corona Corporation (TSE) is now underway on the Brett property west of Vernon, B.C. The company has earned a 51% interest in the project from Huntington Reso…
People (August 22, 1988)
Golden North Resources — John S. Godfrey appointed chairman of the board; Paul F. Saxton, president; Anthony Tam, treasurer; Eunice E. Davies, assistant secretary.
Omni’s Mt. Skukum soon to begin production
Most people are surprised to learn that hardrock mining is a recent addition to the Yukon’s gold mining history. Indeed, names like Mt Skukum and Ketza River are all part of the new “hardrock generat…
Queenstake’s placer mine big business in Atlin
In small communities like Atlin where placer mining is the major industry, a code of honour exists among locals that is rarely broken. Stealing from your employer is taboo and those that do are ostrac…
Investment Comment Aussie assets make Whim Creek a buy
In a bid to turn Whim Creek Consolidated (TSE) into an international mining concern, Peter McAleer spends much of his time on board aeroplanes which take him to properties in Australia, the United Sta…
Breakwater earnings increase
Increased production, an improved gold grade and lower operating costs at the Cannon Mine in Washington State all joined forces to make a better bottom line for Breakwater Resources (TSE) during the f…
Normetal, La Sarre drill off reserves at zinc-silver project
Normetal Mining Exploration (ME) and affiliate company La Sarre Mining Exploration (ME) have delineated several blocks of reserves on the former producing Normetal polymetallic mine near La Sarre, Que…
Hemlo Gold Boosts Teck Earnings
Net earnings of $20.9 million or 26c a share were reported by Teck Corporation (TSE) for the quarter ended June 30, 1988, up from $9.5 million or 11c a share in the comparable period a year earlier. R…
Montreal Exchange Orex gains ground
A quiet week on the Montreal Exchange saw most resource issues lose ground with junior issues suffering the most from the lack of interest in the market. An indication of the weaker interest in junior…