Glen Auden to buy Ventex En. shares
A joint venture agreement involving Glen Auden Resources (TSE) and Ventex Energy (VSE) has been approved by the Toronto Stock Exchange, Glen Auden said recently. Under an agreement, Glen Auden can ear…
News
Rich Zinc Assays from El Mochito Mine
With daily production at the El Mochito mine in Honduras now averaging 2,000 tons per day, American Pacific Mining (VSE) is well into an underground exploration program to add reserves to this base me…
Editorial A brush with the law
Should it come as a surprise that criminal charges against prospector Donald McKinnon have been dropped? He had been charged in connection with the disappearance of some files from the mining recorder…
Coin Lake gets green light at Golden Reward operation
Toronto-based Coin Lake Gold Mines (TSE) has received permission to go ahead with gold production at the Golden Reward property in South Dakota. The company said it has received the necessary state mi…
Letters to the Editor Free trade & coal
As you have pointed out in your editorial (N.M., Aug 1/88) coal is a great mineral asset of our country and as a nation we should not ignore it at any time. Brought on stream at the right time any min…
Deep hole on hold, Goldpac
With only 400 ft left to go, and with the core beginning to show the right kind of alteration, Goldpac Investments (VSE) has encountered a 2-week delay in the deep drilling project on its Bar property…
Pelletier reserve estimate announced by Thunderwood
Partners Falconbridge Ltd. (TSE) and International Thunderwood Explorations (TSE) have made an initial reserve estimate at the Pelletier Lake gold property two miles southwest of Rouyn-Noranda, Que. B…
Metal Prices PRODUCER PRICES (August 15, 1988)
ALUMINUM: MW U.S. Market $1.21-$1.24 per lb. (Aug 4, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.90-$6.05 per lb. (Aug 4, 1988). CADMIUM: New York…
Higher gold prices help boost Homestake’s operating profit
Driven by substantially higher income from gold and base metals, Homestake Mining Co. reported a 36% increase in operating earnings during this year’s second quarter. The giant United States mining co…
Letters to the Editor Canmamax’s rebuttal
In reference to a letter to the editor from J. H. J. Morgan (N.M., Aug 8/88), certain statements were made about Canamax’s 100% owned Kremzar project. I would like to point out some inaccuracies in hi…
Weakening dollar affects Denison
Low oil prices and a weakening U.S. dollar adversely affected Denison Mines’ (TSE) second-quarter earnings, the company said recently. They combined to offset higher potash prices and production gains…
Prospector Airways
A formal agreement is expected to be signed shortly that will allow recently-listed Prospector Airways (VSE) to earn a 40% undivided interest in Esso Resources Canada’s Eagle properties in the Dease L…