Orofino drill results
The first drill results have been received by Orofino Resources (TSE) from the company’s Coronation Gulf gold property in the Northwest Territories. Of four holes completed, the second intersected a 5…
News
Metals Page High prices provide the fuel for intensive global gold
“Gold is the key, whatever else we try, and that sweet metal helps the winner in each case, with love as well as war.” These words were written by Moliere 326 years ago. Mining for gold really is digg…
Books (September 12, 1988)
A report entitled Field inventory of mineral resources, Goshute Indian Reservation, Nevada and Utah is available for public inspection at the Nevada Bureau of Mines and Geology. The report may be insp…
Delbridge option
Delbridge Mines (COATS) has acquired an option of the Railway claims located in Gauthier Twp., Ont. The 9-claim property protects a 1,800-ft gold-bearing zone which is silicified and carbonatized. Ass…
Exploration Tunnel Key to Debbie/Yellow Project
Westmin Resources (TSE) and Nexus Resource Corp. (TSE) seem satisfied with their progress driving a 1.2-mile- long exploration tunnel through a mountain near Port Alberni. The tunnel will allow the co…
Parquet options Courville bet
An option to earn a 30% interest in the Courville gold property near Val d’Or, Que., has been obtained by Finor Exploration (ME) from Parquet Resources (TSE). The agreement, subject to regulatory appr…
Northgate cash balances earn $5.2 million in last quarter
Interest earned from Northgate Exploration’s (TSE) cash balances brought $5.2 million into the company’s treasury during the three months ended June 30. Unaudited consolidated net income of $2,014,000…
Campbell has second half loss
A loss of $513,000 was realized by Campbell Resources (TSE) for the first half of this year. This compares to a profit of $421,000 for the same period last year. The red ink comes from a loss of $211,…
Coleraine reserves
Possible reserves of 1.5 million tonnes chromite grading 4.5% CR(2)O(3) have been announced by Coleraine Exploration (ME) for its Coleraine property near Thetford Mines, Que. A $750,000 exploration pr…
Euro-Nevada set to buy more royalties
With a first quarter cash position of $9.5 million, Euro-Nevada Mining (TSE) considers itself financially equipped to pursue its royalty acquisition strategy. The Toronto-based affiliate of Franco-Nev…
Metal Prices FUTURES PRICES (September 12, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep 102.80 101.10 102.20 + 0.60 Dec 99.80 97.25 99.20 0.30 Mar 94.30 92.90 …
News in Brief (cb)
Pacvest (VSE) is participating in a private placement made by International Interlake Industries (VSE). Pacvest will purchase 150,000 units of International Interlake at $1.25 per unit. Each unit cons…