1988

Assays have been received by La Fosse Platinum Group (TSE) from two projects in northeastern Quebec. On the Marymac project, located 250 km north of Schefferville, three vertical holes tested the Redc…

The federal government is still undecided on whether to begin discussions to renew the popular Mineral Development Agreements (MDAs) with eight mineral-producing provinces. The agreements were the mai…

The Ontario Mining Act has been a remarkably resilient piece of legislation. Dating back to 1896, it has governed how the mineral riches of the province are staked, claimed and eventually exploited by…

Operations at the troubled MacLellan gold mine near Lynn Lake, Man., appear to have taken a turn for the better. Under the direction of a new management team put together by Hayes Resources (TSE), the…

Improved copper and zinc prices spurred Hudson Bay Mining and Smelting (TSE) to a profitable first quarter. The company reported first quarter net earnings of $8.8 million on revenues of $94.3 million…

Golden Knight Resources (TSE) has entered into a flow-through private placement agreement with Teck Corp. (TSE) for aggregate proceeds of up to $5 million. The funds will be used to finance Golden Kni…

Diamond drilling will resume in June on the Michaud Twp. property of Moneta Porcupine Mines (TSE) in the Harker-Holloway area east of Timmins, says Vice-president Francis Yungwirth. A diamond drilling…

The first quarter of 1988 resulted in the best production to date from Sonora Gold Corp.s (TSE) 78%- owned Jamestown mine. In total some 526,000 tons of gold ore were processed to yield a net quarterl…

The current contract of hourly-paid workers at two Inco Ltd. (TSE) installations in Ontario expires May 31 and the possibility exists that a strike could send already high nickel prices through the ro…

An agreement has been reached between Orleans Resources (ME) of Val d’Or, Que., and Hathor Resources, a non-trading public company, whereby Orleans may acquire a 50% interest in the latter’s Nova Scot…

Trading on the markets was characterized by another week of sluggishness as both volumes and prices remained weak. On Toronto, the composite index gave up 3.86 pts to close at 3,179.62 pts. Volume was…

Week’s High Low Close Change COPPER (in US cents per lb.) May 100.00 97.80 98.00 — 5.00 Jul 91.95 89.50 89.75 + 6.15 Sep 88.50 85.80 86.15 — 4.55 SILVER …