“Why,” asks a thoughtful subscriber, “do not Canadian banks employ mining engineers?” Why not, indeed? Perhaps some of them do, although the fact is not publicized. However, employment of experts in m…
The mining industry has a standard and accepted way of reporting reserves. First, the reserve category — proven, probable or possible — is given, then the tonnage and grade. But a new practice has …
A proposal by Amca Resources (VSE) to extend the lease on its sole project, the Silver Cross property in Arizona, was recently turned down by the leasor. Amca held a 67.5% interest in the gold-silver …
Demand for chromium and nickel remain strong, but the two metals, essential alloy constituents of stainless steel, have little else in common, writes Roskill of London in two new studies. Chromium hea…
N.Y. Commodity Exchange 0206,0108,0007,0108,0007,0108,0007,0203 Week’s High Low Close Change COPPER (in US cents per lb.) Sep114.65 112.80 113.85 + 4.95 Oct111.80 111.80 111….
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 20 Sept 19 Sept 16 Sept 15 Sept 14 Copper 1475…
Gold’s recent dip below $400 was described as “ugly” by one VSE broker, “because it’s gold that drives our market.” Although current thinking is that the market has bottomed out, there is no shortage …
Economic grades of copper and zinc with associated silver, have been intersected by drilling on the Hanson Lake property, operated by Saskatchewan Mining Development Corp. Located in eastern Saskatche…
Recently subscribing for $500,000 worth of common shares of NovaGold Resources (TSE) was MVP Capital (TSE), a resource sector investment company based in Toronto. Purchase of the shares is subject to …
It’s been one of those years. Two steps forward and one step back. Nothing’s come easily. It’s been tough. With 1987 ending on a sour enough note, 1988 started as a struggle to claw back from the Oc…
The news that the Newfoundland government has taken steps to boost exploration in that province is indeed welcome (N.M., Sept 19/88). As part of the provincial government’s program, financial incentiv…
Just weeks away from becoming a Canadian gold producer, Aur Resources (TSE) is taking a calculated gamble on a Brazilian diamond property which it hasn’t seen yet. The Toronto company has signed a let…
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