Pamorex placement raises $3.5 million
Shareholders of Pamorex Minerals (TSE) recently gave their approval, at a special meeting, to a private placement with Giant Yellowknife Mines (TSE) involving about 4.8 million shares at $0.726 per sh…
News
Hanson zinc-copper deposits firms up
Drilling by Cameco — A Canadian Mining & Energy Corp. on the Hanson Lake property has outlined three sulphide lenses displaying the potential for hosting in excess of three million tons of zinc-coppe…
Tundra increases reserves at Lamaque
Drill-indicated reserves at the former producing Lamaque gold mine have been increased to 1.73 million tons grading 0.19 oz gold per ton, Tundra Gold Mines (VSE) says. Located near Val d’Or, Que., the…
U.S. REPORT Fischer-Watt concludes pact with subsidiary of Inco Ltd
A joint venture agreement has been concluded between Fischer- Watt Gold Company and American Copper and Nickel, a subsidiary of Inco Ltd. (TSE). The agreement involves the exploration and development …
Esso to spend $1 million at Springhill
Esso Resources Canada, a wholly- owned subsidiary of Imperial Oil, is planning to spend $1 million on exploration to assess some coal deposits near Springhill, N.S. The program will include field mapp…
Tight market foreseen for platinum
An announcement by automaker Ford in the United States that it is developing a catalytic converter for motor vehicle emission control which doesn’t require platinum recently sent the market into a tiz…
A year to remeber
It seems like a bear’s age since Newmont Mining pulled a 1,040-ft hole averaging 0.495 oz gold per ton on its Post deposit in Nevada, but it’s really been less than a year. It’s been a year that would…
U.S. REPORT Tri-Valley bulk sampling Alaskan gold property
By year-end, Tri-Valley Corp. expects to pour gold from one of the lode prospects on its Richardson, Alaska project. The California- based public company is carrying out a phased plan to bulk sample u…
Rockford, Ranger merger
Toronto-based Rockford Minerals (TSE) and Northern Ranger Minerals (ASE) recently gained shareholder approval for a plan to combine their assets into a new company called Rockford Minerals Inc. (TSE)….
Toronto Stock Exchange (December 26, 1988)
A year-end rally continued to gain strength as the composite index rolled to a 23.88-pt gain to close at 3354.88 pts on volume of 33.5 million shares. Once again, the major driving force has been the …
Metal Prices PRODUCER PRICES (December 26, 1988)
ALUMINUM: MW U.S. Market $1.10-$1.13 per lb. (Dec 15, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6.50-$6.65 per lb. (Dec 15, 1988). CADMIUM: New York d…
U.S. REPORT Amalgamation to consolidate Kettle River mine interests
Shareholders meetings scheduled for mid-January, 1989 are expected to result in the amalgamation of affiliated companies, Crown Resource Corp. (NASDAQ), Gold Texas Resources (VSE) and Gold Capital Cor…