Metal Prices FUTURES PRICES (July 18, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 97.25 95.85 96.25 — 4.25 Sep 92.60 91.20 9…
News
Lac completes 14 Garrison holes
Fourteen holes have been completed in an ongoing drill program at the 106-claim Garrison gold property in northeastern Ontario, related companies Silverside Resources (TSE) and Proteus Resources (VSE)…
Ex-Pegasus managers to fund Neptune’s dream
To be successful, mining companies run by innovative and free- wheeling people have to be married to financial backers who are equally innovative and free- wheeling. Neptune Resources (TSE) has done j…
Comex set to begin trading high grade copper contracts
A high grade copper contract will be introduced July 29 by the New York Commodity Exchange (Comex) in response to a growing supply of, and demand for, Grade 1 cathodes. Hugh Sigmon, Comex’s director o…
Jerome, Muscocho inching towards Swayze mine goal
Jerome Gold Mines (ASE) has arranged for a private placement through First Toronto Capital Corp., to fulfill its obligations at the Jerome mine joint venture at Swayze, Ont. Under an agreement with pa…
Breakwater buys control of Noramco
Breakwater Resources (TSE) has completed the purchase of 3.2 million shares or 19.9% of the issued capital of Noramco Mining (TSE) for an aggregate consideration of $20.8 million. Of that amount, $6 m…
Golden Tanager completes survey
A geophysical survey has been completed by Golden Tanager Resources (COATS) on the company’s two properties near Pickle Lake, Ont. On the North Caribou property, located 166 km north of Pickle Lake, t…
Letters to the Editor Reader would like U.S. listings
As a subscriber to The Northern Miner, and an ardent follower of current events in the mining community, I would like you to know that your paper’s editorial content is appreciated and well-respected….
Vancouver Stock Exchange McNellen reacts to reserve news
News that drilling has quadrupled reserves at the Magino gold mine, sent McNellen Resources back to the $4 mark. Although little information has been released about the nature of the deep drill result…
Ecudor makes plans for Adanac property
A $2.74-million exploration program is planned this year by Ecudor Inc. (ME) for one of its 15 gold properties in northwestern Quebec. The program on the Adanac property, located six miles southeast o…
Goldplex releases poor Lava results
Toronto-based Goldplex Development (ASE) has received permission to extend its warrants, due to expire on July 31, until Sept 30, next year. However, the conversion price of the warrants will remain a…
Golden Myra latest player in Goudreau-Lochalsh camp
The latest player in the Goudreau-Lochalsh mining camp northeast of Wawa, Ont., is Golden Myra Resources (TSE). Newly-listed, the company completed a share offering which netted $756,000. The funds wi…