New Privateer Mine to start operating
New Privateer Mine says permission has been received for the treatment of the first 10,000 tons of ore in the recently-completed concentrator. Progress is under way with both primary and secondary cru…
News
Flush with 1987 successes, future bright for drillers
Members of the Canadian diamond drilling industry has just completed their twelve busiest months on record. The ’87-’88 drilling season caps a 5-year period in which there has been an estimated 220% i…
Brohm Gilt Edge reserves
An independent analysis of reserves has been prepared by a U.S. consulting firm for Brohm Resources’ (TSE) Gilt Edge project in South Dakota. Proven and probable oxide reserves now stand at 6.2 millio…
Platinova sees cash flow from wollastinite in ’89
Platinova Resources (TSE),is a fast-moving 2-year-old company whose credo is to explore for and develop specialized commodities with high growth potential. One of the first of such projects to possibl…
Strengthened Noranda looks for even better year in ’88
First-quarter results by Noranda Inc. (TSE) picked up where they left off at the end of 1987, with the diversified resources company recording net earnings of $129 million, or 66 cents per share, com…
Metal Prices PRODUCER PRICES (May 16, 1988)
ALUMINUM: MW U.S. Market $1.08-$1.11 per lb. (May 5, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (May 5, 1988). CADMIUM: New York …
Control block of Falconbridge worth $500m.
Anyone with $500 million and an urge to purchase the controlling block in Falconbridge Ltd. (TSE) is advised to talk to Placer Dome (TSE). The giant gold producer says it wants to unload its Falconbri…
NIM Management files prospectus
Because of the federal government’s new policy on flow- through shares, NIM Management will be filing a preliminary prospectus for two million limited partnership units ($200 million) of NIM Resource …
Skyline test milling
Test milling is expected to begin at Skyline Explorations’ (VSE) Johnny Mountain gold property by month-end and full production by mid-June, the company claims. The lower level adit now extends for ab…
Northgate acquires shares of Norbeau in Roxmark swap
A share exchange agreement has given a private company called Zinc Metal Corp. 1,339,675 shares of affiliate Roxmark Mines (TSE) formerly held by Northgate Exploration (TSE) of Toronto. In return, Nor…
Goldbrae, Selectek Snow Lake agreement
Selectek Industries (VSE) has reached an agreement with Goldbrae Developments (VSE) whereby Selectek will earn a 50% interest in Goldbrae’s North Star property in the Snow Lake area of Manitoba by spe…
Encouraging results at Trans America, Sherrgold venture
Trans America Industries (VSE) has been advised by its joint venture partner, Sherrgold Inc. (TSE) that preliminary results from a drilling target west of Shortie Lake are encouraging. However, assayi…