Inco Gold prepares to open first mines
Not yet a year old, Inco Gold is already gearing up to open its first gold mine in September, in the Casa Berardi area of Quebec. Then in 1989, two more mines are planned to come on stream, one in the…
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Metal Prices PRODUCER PRICES (March 28, 1988)
ALUMINUM: MW U.S. Market $1.055-$1.085 per lb. (Mar 10, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). CADMIUM: New Y…
Metal Prices FREE MARKET (March 28, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 22 Mar. 21 Mar. 17 Mar. 17 Mar. 16 Copper 1277-1279 1258-1262 1289-1291 N/A 1260-1262 Lead …
Pacific Trans gets loan
An $8.8-million(US) gold loan has been completed by Pacific Trans-Ocean Resources with Lloyds Bank Plc. The financing will cover funding for the Ketza River gold mine development under way in the Yuko…
Letters to the Editor Flow-through shares
In regard to flow-through shares and the great impact they have had on the Prospectors and Developers Association’s recent convention, I wish to state that the reason I refused to join the Flow-Throug…
Hubert Lake revival slowed
Revival of the mining company Hubert Lake Ungava Nickel Mines is taking longer than expected. President Lloyd Beatty of Calgary had hoped to have the Quebec cease-trading order on the company lifted t…
Pacific Minesearch boosts interest in Howie gold bet
Pacific Minesearch has increased its potential ownership in the Howie gold project in North Carolina to 43.75% by purchasing the original 49.9% interest in the project held by Discovery West. Pacific …
Rayrock delay in drilling Carlin may be blessing
It could be several weeks yet before Rayrock Yellowknife Resources, as operator of the Dee Gold project in Nevada, commences the deep drilling program from its open pit at the north end of the prolifi…
COATS Trading Features (March 28, 1988)
Tarzan Gold was the volume leader for another week on coats, trading more than 260,000 shares to $1.65. The company has started a major exploration effort on a large tract of land immediately south of…
Cassiar gets $25m. loan
The government of British Columbia has agreed to loan Cassiar Mining up to $25 million to develop its McDame asbestos deposit near Cassiar, B.C. Because of its difficult financial position, Cassiar Mi…
Skylark to drill Carlin
A drill program is scheduled to begin shortly on the Pan property held by Skylark Resources (60%) and Pic Prospectors International (40%). Located in the Carlin area of Nevada, the Pan claims have bee…
TSE permits discount on private placements of flow-through shares
The Toronto Stock Exchange says it will permit listed companies to issue flow-through shares through a private placement at a discount to the market price of up to 15%. The exchange says the policy ch…