Metal Prices FUTURES PRICES (November 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 142.70 136.60 136.90 — 11.90 Dec 135.80 129.50 …
News
Golden Rose Mine Creates Loss for Noramco Mining
Beleaguered shareholders of Noramco Mining Corp. (TSE) won’t find much comfort in the company’s latest financial results which show a loss of $7.92 million (49 per share) for the first six months of …
Increased uses for graphite
It is not a new industrial mineral by any means, and the market is relatively small. So why does it seem graphite, a naturally occurring crystalline form of carbon, is drawing more interest these days…
Native groups get grant for talks with Placer Dome
The Windigo and Shibogama tribal councils will receive a $60,000 provincial grant toward the cost of negotiations with Placer Dome Inc. (TSE) regarding the proposed Musselwhite mining development in n…
FINANCING (November 21, 1988)
ONTARIO GBX Res Corp. — min 600,000 offered @ 35 per sh. Mercantile Gold Corp. — 500,000 sold for gross $250,000. Silver Lady Res Inc. — 300,000 offered @ 35 per sh. Min subscr 200,000 flow-throu…
Rambler joint venture drilling Baie Verte bet
Early results from a 65,000-ft drilling program currently under way on the Rambler properties near Baie Verte, Nfld. have returned moderate gold values. The drilling program, designed to test gold and…
Work resumes at Gowganda bet
Work on the Gowganda, Ont., silver property to complete an exploration program started in 1987 has been started by Sandy K. Mines, a private company owned by NLX Resources (TSE). This year’s program w…
Bresea has dollars for Back-River bet
Calgary-based Bresea Resources (ME) has secured $285,000 from two flow-through share issues to finance exploration at its wholly- owned Back-River claims in the Northwest Territories. Under separate a…
B.C. heap leach producing gold, silver
The Union heap leach project operated by Sumac Ventures (VSE) near Grand Forks, B.C., generated gross revenue from the six heaps to Oct 1, of $659,804, the company reports. Sumac is treating tailings …
Chesbar, Murgold report drilling confirming continuity
Underground drifting and drilling programs at the Chester Twp., gold property being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) in northern Ontario continue to confirm the continu…
Dickenson and Wharf merger called off
Recent changes in stock market conditions have scuttled the proposed merger between Toronto- based Dickenson Mines (TSE) and Wharf Resources (TSE). Although the directors of the two companies continue…
Eskimo Point overlooked
Being a long-term resident of the Keewatin region of the Northwest Territories, specifically Eskimo Point, I am offended by The Northern Miner’s insinuation that exploration activity in our region is …