Metal Prices FUTURES PRICES (March 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 104.30 101.10 101.10 + 1.60 May 97.00…
1988
Platinum at Big Trout
The first hole in the current drill program at Big Trout Lake in northwestern Ontario by International Platinum Corp. has returned an assay of 0.15 oz platinum group metals per ton over two feet, pres…
CSA net earnings
CSA Management Ltd., which manages several goldfunds, realized net earnings of $970,370 or 35 cents per share for the 9-month period ended Dec 31. This compares to earnings of $2.57 million or $1.17 …
News in Brief (March 14, 1988)
Valhalla Energy Corp. has changed its name to The Valhalla Gold Group Corp. (vgg:vse) on a share-for- share basis.
First bulk test on Fontana bet
Bay Resources & Services, a company controlled by St. Genevieve Resources of Montreal, and joint- venture partners Stratmin Inc. and Jilby Industries, both of which have been recently listed in Montre…
Books (March 14, 1988)
A Directory of Active Mines in Arizona and a Map of Active Mines in Arizona, published by Arizona Department of Mines and Mineral Resources. The 16-page directory lists 53 companies, including mine, m…
Chesbar starts ramp extension
A 2,000-ft ramp extension program is under way at the Chester Twp. gold project in northern Ontario that will provide access to the 300-ft, 400-ft and 500-ft levels for underground exploration, Chesba…
Partners dispute holds up work on DOC gold-silver bet
A dispute between joint venture partners Magna Ventures and Silver Princess Resources is holding up work on the Doc gold-silver claim group in the Sulphurets belt near Stewart, B.C. At issue, accordin…
Mining must adapt to stay competitive, banker says
Mining, like other industries in Canada, must change with the times to remain competitive, the chairman of the Bank of Montreal said at the 56th annual convention of the Prospectors and Developers Ass…
Metal Prices FREE MARKET (March 14, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Copper 1263-1265 1273-1278 1265-1267 1259-1261 1252…
Rhodes-Noranda get mixed drill results (March 14, 1988)
A $750,000 exploration program carried out by Noranda Exploration and Golden Princess Mining on the Offsets prospect near Timmins, Ont., has returned encouraging gold values. Noranda, as operator, com…
Quebec charges Noranda of violating pollution law
The Quebec government has charged Noranda Minerals with three counts of violating provincial air pollution laws. The charges allege that the company’s Horne copper smelter in Rouyn-Noranda, Que., emit…