Platinum price surges
The price of platinum jumped 24% during the first five months of 1988, from $469.30(US) per oz in January to $615.70 on May 31. Strong demand from Japan for jewelry and investment purposes combined wi…
News
Akaitcho still benefitting from Supercrest operation
With only about 80,000 tons remaining in two deposits, the Supercrest gold mine couldn’t be described as one of the Northwest Territories’ larger operations. A joint venture project involving Akaitcho…
Orex, Onitap make plans for Goldboro
A surface and underground exploration program costing an estimated $7.5 million is being undertaken this year on the Goldboro property in Nova Scotia by Orex Exploration (ME) and Onitap Resources (TSE…
Canadian junior Sikaman busy outside the country
Gearing up for gold production in Ghana, West Africa, during the latter part of 1989, Canadian junior- mining firm Sikaman Gold Resources (TSE) has started to look farther afield for new, and differen…
Bitech results at Bett’s
Three anomalous gold zones have been discovered by Bitech Energy Resourecs (ASE) on the company’s Bett’s Cove property in Newfoundland. The 64-claim property is located on the Baie Verte peninsula adj…
Kerr Addison options Noveder property
An option agreement has been signed by Kerr Addison Mines (TSE) and Noveder Inc. (ME) (formerly Eider Resources) whereby Kerr (through its Quebec affiliate, Kerr Addison Exploration), may earn a 50% i…
Mexico’s domestic silver sales falter
Perched proudly in the southwestern Sierra Madre mountains, the town of Taxco is an enduring example of the important role silver mining plays in Mexico’s economy. In fact, this colonial village of sp…
Kiena, Sigma approve merger with Placer
Shareholders of Kiena Gold Mines (TSE) and Sigma Mines (TSE) have approved merging with Placer Dome. Sigma shareholders voted 94% in favor while Kiena shareholders voted 89% in favor at annual and spe…
Magnacon returns best hole
Having found a financial backer in Edmonton-based Echo Bay Mines (TSE), Flanagan McAdam Resources (TSE) considers itself in good shape for what should be a pivotal year in the company’s history. Under…
Investment Comment Battle Mountain lacks gold reserves
Battle Mountain Gold (TSE), the subject of a report by Barclays de Zoete Wedd of London, is short on reserves in comparison to other companies of its size and even though the Houston, Tex.-based outfi…
Taywin high grade
High grade gold and silver values have been drilled by partners Taywin Resources (VSE) and BP Minerals on the Electrum property in B.C. Located on Vancouver Island, the property hosts narrow high-grad…
Claude discoveries
Two gold discoveries have been made by Claude Resources (TSE) on properties in Saskatchewan and in the Northwest Territories. On the Grassy project in Saskatchewan, Claude geologists re-examined a for…