Canadians close in on $7-million gem collection
O A Montreal doctor has scored what may be regarded in mineralogy circles as one of this century’s major coups. After obtaining an option to buy one of the world’s finest privately-owned mineral colle…
1988
FUTURES PRICES (January 11, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 140.00 130.50 140.00 + 3.65 Mar 123.00 117.30 122.90 — 0.10 May …
Grew Creek tops Noranda’s list
Described by some as the most significant gold find in the Yukon in many years, the Grew Creek discovery of Noranda Exploration and Golden Nevada Resources appears to be getting bigger. The latest res…
Golden Zone results (January 11, 1988)
Two drill results reported in the Dec 28 issue from Golden Zone Development’s gold-silver prospect in Alaska were incorrect. Hole 20C intersected 59 ft of 0.172 oz gold per ton (not 49 ft as reported)…
Open pit operation Cal Graphite prepares for production
Work is gearing up at Cal Graphite Corp.’s Graphite Lake property near Huntsville, Ont., with production scheduled to begin late in October. About one-third of the mining and milling equipment has bee…
Armistice sells Canreos 50% of Riggs Twp. bet
A 50% interest in two properties totalling 55 claims located west of Missanabie in northern Ontario has been acquired by Canreos Minerals (1980) of Toronto from Armistice Resources of Toronto for $200…
COATS Trading Features (January 11, 1988)
An amalgamation between Golden Cresent Explorations and Candore Explorations has been completed. The new company goes under the name of the former. Golden Cresent was 75 cents -$1 bid-ask this week. M…
Eastmaque concentrate shipments delayed
Problems with completion of a filter press in the mill have delayed concentrate shipments from Eastmaque Gold Mines’ Kirkland Lake tailings project in Ontario. The company started processing gold mine…
PRODUCER PRICES (January 11, 1988)
ALUMINUM: MW U.S. Market 87.00 cents -88.00 cents per lb. (Dec 29, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CAD…
Books in Review Property transactions and exploration activity
With high prices for developed gold properties in the U.S. dampening the ardor for acquisitions, there is a renewed interest on the part of mining companies in acquiring less-developed properties. Met…
Alberta Stock Exchange (January 09, 1988)
Judging by the low volumes and lack of activity on the Alberta Exchange this week, 1989 was heralded in with more of a whimper than a bang. Of the Alberta gold issues, only Holmer Gold Mines made any …
Metals trader Deak tries to win producer status
New York-based metals trader Deak International Inc. is gearing up for a two-pronged attempt to become a producing mining company. After amalgamating wholly- owned subsidiary Deak Ariadne, with Canadi…