FINANCING (October 17, 1988)
VANCOUVER Cazador Expls Ltd — gross proceeds rec $180,000. Gulderand Mining Corp — 400,000 offered at 75 per sh. Amanda Res Ltd — 600,000 offered at 40 per sh. Shoshoni Gold Inc — 500,000 offere…
News
Chinese invest in All-North
The China International Trust & Investment Corporation, the foreign investment arm of the Chinese government, has made what appears to be a precedent setting investment. The investment bank has taken …
PRODUCER PRICES Metal Prices (October 17, 1988)
ALUMINUM: MW U.S. Market $1.00-$1.04 per lb. (Sept 29, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Sept 29, 1988). CADMIUM: New Y…
Follow-up drilling planned for Pickle Lake project
An exploratory 2,000-ft drill program has been completed on the Misehkow River project located about 35 miles southeast of Pickle Lake, Ont. The project is a joint venture involving Northern Dynasty E…
Canaco earning interest
An option agreement has been reached by Canaco Mining Resources (ME) with Cambior Inc. (TSE) whereby Canaco may acquire a 45% interest in the latter’s Rouyn- Merger property located several miles east…
They’ve never had it so good
A recent article about gold producers hedging their bets by selling their output forward (N.M., Oct 3/88) helped to bring home the point of how much better off mining companies seem to be today compar…
Mining fear, not gold
This year securities commissions across North America estimate that tens of thousands of Canadians and Americans will lose in excess of $250 million in stock and investment swindles related to gold sh…
Asarco/Freport Santa Cruz joint venture for copper
The United States Bureau of Mines in cooperation with the Santa Cruz Joint Venture will undertake a copper mining research project at a deep, low-grade copper deposit located seven miles west of Casa …
Coxheath Gold bulk testing underway
Coxheath Gold Holdings Ltd (TSE) says that a bulk testing program presently under way on its Tangier property is expected to be complete by November 1988. At the completion of the bulk testing program…
Aurora has cash for property acquisitions
Aurora Gold (ASE) plans to take nearly $850,000 cash profit from an oil and gas investment and spend it on mineral property acquisitions. Gary Nolin, a director and officer of the Calgary-based compan…
Old mining firm revived by Norad
Norad Resources (ASE), the former and long dormant Knutson Mining Corp. which dates back to 1937, has raised $500,000 for an active exploration program. The company, which retains its original McRae-R…
News in Brief (October 17, 1988)
Rojoll Explorations has changed its name to Morrison-Grey Enterprises Ltd. (MGP:VSE) on a sharefor-share basis.