Alberta Stock Exchange Volumes pick up
Following a period of inactivity, volumes picked up again this week and a number of issues made significant progress. Large blocks of the Bitech Energy Resources, Casamiro Resources and Pelham Gold is…
News
Reserve increase at Shoal Lake property
A significant increase in reserves at the Shoal Lake gold property west of Kenora, Ont., has been reported by Kenora Prospectors & Miners (COATS). According to KPM, a recently completed 13,129-ft dril…
Cominco/Redfern deposit has production potential
Described by the company as “one of the highest profile zinc deposits in Canada,” the Tulsequah Chief property of Cominco Ltd. (TSE) in northwestern British Columbia will be the subject of a major exp…
Barrick reaps reward from output at seven gold mines
A substantial increase in gold production from seven North American mines made 1988 an extremely lucrative year for Toronto-based American Barrick Resources (TSE). As a result of development at the Go…
Smaatosum scheduled for production in ’89
The largest exploration program in the Adams Plateau area will be initiated by Minnova Inc. (TSE) whose Samatosum copper-lead- zinc deposit is scheduled for production later this year. The Minnova pro…
Nelson conference
The Nelson Chamber of Mines and B.C. Geological Survey Branch will present the first Kootenay Exploration and Mining Conference April 13-15 in Nelson, B.C. Besides reviewing exploration activity and g…
Dolphin proceeding to final feasibility at Cape Ray bet
A decision to proceed to final feasibility based on a 200-ton-per- day plant for the Cape Ray gold project in southwestern Newfoundland has been announced by Dolphin Explorations (TSE). A production d…
NovaGold retires debt
After reaching an agreement with creditors to retire $1.43 million in outstanding debt, NovaGold Resources (TSE) is now focusing its efforts on achieving gold production at the Murray Brook project, 8…
Placer Dome, Golden Crescent in unique exploration deal
A junior mining company with roots extending back to the original booms of both the Kirkland Lake and Red Lake gold camps is teaming up with one of this country’s biggest and most successful operators…
Iskut River gold camp exploration mecca
Despite its rugged terrain, remote location and sometimes inhospitable climate, the Iskut River camp in northwestern British Columbia has been an exploration mecca for junior and major companies alike…
Metal Prices (March 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 Copper 17…
Sikaman raising Bogosu funds through public offering
Seeking funds to help bring a joint venture gold project in Ghana, West Africa, into production, Sikaman Gold Resources (TSE) has arranged a public offering designed to raise up to $15,150,000. The co…