Mount Wright awaits cash due from Spanish royalty
When Mount Wright Iron Mines finally gets the money it’s owed by Exminesa, the company that owns and operates the Rubiales lead-zinc mine in Spain, it should have a significant bundle of cash. Mount…
News
North American Rare drilling continues
North American Rare Metals (VSE) is continuing drilling with three machines at the Matagama area gold property which it owns jointly with Dundee Palliser Inc. (TSE). The deepest hole is still open to …
Silver reserves top 1.4 million oz, Silverside says
Proven, probable and potential reserves at the North Cobalt silver property in northern Ontario stand at more than 1.4 million oz grading 44 oz silver per ton, Leith Hellens, president of Silverside R…
Asquith expands property interests
Asquith Resources, a company under the direction of geological consultant J. L. Tindale, is concentrating on its gold property in the Shiningtree area of northeastern Ontario, but the company has also…
Metal Prices PRODUCER PRICES (May 09, 1988)
ALUMINUM: MW U.S. Market $1.04-$1.08 per lb. (Apr 21, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.65-$5.80 per lb. (Apr 28, 1988). CADMIUM: New Yor…
Abbey encouraged by drill results
An intersection of 0.19 oz gold per ton over 14.9 ft was reported by Abbey Exploration (TSE) and its two partners from hole 88-4 on property in Guyanne Twp., in northwestern Quebec. Abbey’s joint-vent…
Kam-Kotia seeks new acquisitions
The transition of Kam-Kotia Mines (TSE) from a holding company into an operating company is under way, shareholders were informed at the annual meeting. In March of this year the company reached agree…
Galactic Crone Hill leach test negative
A production decision has been delayed at the Crone Hill property of Galactic Resources (TSE) and Quartz Mountain Gold (VSE) because of what they describe as “ambiguous metallurgical results on the he…
Vancouver Stock Exchange Good news from Ottawa for juniors
The federal government’s new exploration incentive program and the extension of the present earned depletion allowance for an extra six months is certainly good news for junior resource companies. The…
Windy Craggy encourages Geddes
Initial indications of “very encouraging” results are reported by Geddes Resources (TSE), from a 35,000-ft definition drilling program on its big Windy Craggy gold- copper-cobalt property in northwest…
Metal Prices FUTURES PRICES (May 09, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 96.50 95.00 95.90 + 6.55 Jul 91.10 89.60 90…
Minefinders to earn 50% at Greenstone prospect
Minefinders Corporation (VSE) of Toronto says it has entered a joint venture agreement to explore and develop Greenstone Resources’ (TSE) Lada property near Chibougamau, Que. The 57-claim property is …