Wollastonite discovery
NYCO, a division of Processed Minerals Inc., has made a signi- ficant discovery of wollastonite near Lewis, N.Y. Exploration near the company’s operating wollastonite mine was initiated in 1986. Drill…
1988
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…
Jury remains out as LAC drifts into Queenston’s Kirkland bet
It could be any hour of any day in any week when Queenston Gold Mines (TSE) gets a call from LAC Minerals (TSE) to say that mineable ore has been encountered deep beneath the Kirkland West property ne…
American Barrick to option Glen Auden gold bet
An option agreement is in the works which will see American Barrick Resources (TSE) acquire control of a large gold property owned by Glen Auden Resources (TSE) and Goldrock Resources. Thomas Skimming…
Metal Prices PRODUCER PRICES (January 09, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.12 per lb. (Dec 22, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
Coin Lake’s Golden Reward enhanced
Toronto-based Coin Lake Gold Mines (TSE) says two important developments have recently enhanced the potential of its Golden Reward project in the Black Hills area of South Dakota. Based on additional …
Canadian Iron Ore: 1950 to 1986
The Iron Ore Company of Canada (IOC) began shipping from its new mine at Schefferville in 1954. It was the first of the mines in the Labrador Trough, which would reshape the Canadian iron ore industry…
Cliff, Canaustra merger given vote of approval
An expanded and newly financed Cliff Resources (TSE) is the result of a recent amalgamation of that company with Canaustra Gold Exploration (VSE). A majority of shareholders in both companies voted th…
Map of world gold producers
Denver-based Metal Market Consultants has published a map listing the primary gold producers in the Free World. Besides locating them on a global map, it highlights specific areas including the wester…
U.S. REPORT Escalante shutdown
Hecla Mining (NYSE) has closed its Escalante silver mine, 40 miles west of Cedar City, Utah. The orebody at Escalante has been mined out and exploration failed to add additional reserves. In operation…
Marshall gets funding
Marshall Minerals (ASE) has raised $2 million via a private placement of flow-through shares. Marshall will issue 2,010,000 flow through shares at a price of $1 per share. The proceeds of the offering…
Coats Trading Features (January 09, 1988)
Chance Mining and Exploration, which retains a 10% net profit interest in ground adjoining the big Kidd Creek mine near Timmins, Ont., was an active trader this week. The Chance property, located in K…