Supply of platinum to world markets
Is the platinum market in oversupply or undersupply? Two reports appearing in this column earlier this year, each dealing with the supply of the precious metal to world markets, seem to contradict eac…
News
Cross Lake drilling to start
A drill program on the Red Cross Lake property is under way, Cross Lake Minerals (VSE) says. Funded by a $112,000 share placement with NIM Resources 1988, a flow- through fund, the program will test s…
Orofino drill results
The first drill results have been received by Orofino Resources (TSE) from the company’s Coronation Gulf gold property in the Northwest Territories. Of four holes completed, the second intersected a 5…
Production resumes at Bunker Hill mine
Production of zinc and lead concentrates at the Bunker Hill mine in Idaho’s Coeur d’Alene mining district has resumed, Bunker Hill Mining said recently. Initial production will come from the zinc-rich…
CoCa earnings drop
Sharply lower earnings have been reported by CoCa Mines for the 6-month period ended June 30. Net income was $317,400(US) or 4 cents per share compared to a $1.7 million profit or 22 cents last year. …
Pacific Trans gets closer to Ketza finance solution
Pacific Trans-Ocean Resources (TSE) has taken the first step toward satisfying its financial commitments at the Ketza River joint venture near Ross River, NWT., the company said recently. Pacific Tran…
Metals Prices FUTURES PRICES (September 15, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep 109.00 107.10 108.90 + 6.70 Dec 104.00 102.00 103.90 + 4.70 Mar 97.25 95.70 …
Rockford producing gold
The first revenues from gold production have been received by Rockford Minerals (TSE). The production is coming from the Barber Larder open pit near Larder Lake, Ont. Ore is being trucked to the Kerr …
Westmin, Tanqueray busy at Little Stull
Based on encouraging drill results, a follow-up 13,000-ft drill program has been ordered for the Little Stull Lake gold property shared by Westmin Resources (TSE) (53.33%), Tanqueray Resources (ASE) (…
New 4,500-ton mill opened at Barrick’s Goldstrike bet
Toronto-based American Barrick Resources (TSE) has taken a significant step towards expanding gold production at the Goldstrike mine at Carlin, Nev. In a bid to increase its gold output from 40,144 oz…
Glen Auden, Dragon stake large tract in Beardmore camp
Glen Auden Resources (TSE) and Golden Dragon Resources (VSE) have staked 415 claims in Eva and Kitto twps, near Beardmore, Ont. The claims, which are adjacent to the former producing Leitch gold mine,…
Marshall Minerals’ Sangold offers encouraging results
Preliminary assay results from Marshall Minerals’ (ASE) Sangold property west of Timmins, Ont. have produced some encouraging results. They include a 38.5-ft intersection which assayed at 0.30 oz gold…