Equity and CSA reschedule meeting
Combatants Equity Preservation Corp. and CSA Management Ltd. have agreed to reschedule the annual meeting of Equity from March 30 to April 13. The adjournment provides both parties with time to discus…
News
$200m. uranium mine planned
Negotiations are in progress to form an international consortium charged with the task of building a $200-million uranium mine in Canada’s Arctic. Headed by Urangesellschaft Canada Ltd., (UG), an affi…
Severide, Pure Gold
Encouraging gold values are being intersected by partners Severide Resources and Pure Gold Resources from a mineralized zone ranging up to 330 ft in width. The property is near Fort Hope, Ont. Drillin…
Nexus gets option in Hemlo gold bet
Vancouver- based Nexus Resource Corp. has signed a joint venture option agreement with Carlson Mines and Black Gregor Explorations to earn a 50% interest in the latter’s Marathon gold claims in the He…
Silverside, partners hike Garrison reserves
Related companies Silverside Resources and Proteus Resources report the recent completion of a drilling program on the 106-claim Garrison gold property in Garrison and Thackeray twps., in northern Ont…
Nickel price at record levels
Tight supplies continue to keep the price of nickel high, although some weakening in the spot price was experienced recently after the base metal set a record $10.84(US) per lb on the London Metal Exc…
Metal Prices FUTURES PRICES (April 04, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 108.00 103.00 104.25 + 0.85 Apr 104.00 …
Normetal options property interest
An option to earn a 25% interest in the Normetal gold property located northwest of La Sarre, Que., has been acquired by Orfinance Resources from Normetal Mining Exploration. To earn its interest, Orf…
Montreal Exchange (April 04, 1988)
Placer Dome division A major news item that Placer Dome wishes to create a Quebec mining division helped to brighten a trading week which saw both the market portfolio and mining and minerals index tu…
Letters to the Editor Collaring a ramp?
Would you please explain to your readers just how you “collar” a ramp? (First bulk test on Fontana bet, — (N.M., March 14/88). Maybe you should color the ramp — like the Yellow Brick Road. Could I c…
Toronto Stock Exchange Modest gains spurred by U.S. economic data
A week of see-saw trading which recorded three consecutive days of declines, took a turn for the better following news from the U.S. that house sales in February increased by 20.3% — the largest such…
Hemlo producers continue high grade, low-cost ways
Two of the three gold producers at the Hemlo gold camp on the northern shore of Lake Superior are mining ore grading above 0.4 oz gold per ton, according to data released by the operators. For the qua…