Metal Prices FUTURES PRICES (April 18, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 102.00 97.00 97.00 — 10.00 May 101.80…
News
Silverside boosts Garrison reserves
Drill-indicated reserves on zones 5 and 6 at the Garrison property (106 claims) in the Matheson area of northern Ontario have been increased to 400,000 tons grading 0.17 oz gold per ton, Silverside Re…
Nevada Goldfields shows net profit
For the quarter ending March 5, Nevada Goldfields (TSE) reports net profits of $329,897 on sales of $3,869,873. The company sold 8,441 oz gold and 17,581 oz silver from its Aurora and Kingston mines i…
Tusk gets option at Anglo-Rouyn bet
An option has been acquired by Tusk Minerals (ASE) to earn a 50% interest in the former producing Anglo-Rouyn mine, located 35 km northeast of La Ronge, Sask. From 1966-1972 the mine produced 72,000 o…
Queenston/Barrick get good results at Pandora bet
Partners American Barrick Resources (TSE) and Queenston Gold Mines (TSE) have received more encouraging drill results at the Pandora mine property at Cadillac Twp., Barrick said recently. Barrick says…
La Fosse drilling Blue Lake project
Diamond drilling began recently at the southeast section of La Fosse Platinum’s (TSE) Blue Lake sulphide deposit north of Schefferville, Que., The Northern Miner has learned. So far, the company has p…
La Sarre, Terre deal
An agreement has been made between La Sarre Mining (ME) and Terre D’Or whereby the former may acquire a 90% interest in the former Rochette property in Launay Twp. in northwestern Quebec by spending $…
Bateman claim option
Vauquelin Mines (ME) has acquired an option to earn a 60% interest in claims held by Bateman Bay Mining (ME) located 50 km east of Val d’ Or, Que. Vauquelin can earn its interest by spending $400,000 …
Power estimates 2.9 million tons at Kasagiminnis
Power Explorations(TSE) says preliminary calculations for its Kasagiminnis Lake property in the Pickle Lake area of northwestern Ontario indicate 2,866,000 tons of mineral reserves grading 0.14 oz gol…
Metal Prices FREE MARKET (April 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr.12 Apr. 11 Apr. 8 Apr. 7 Apr. 6 Copper 1250-1260 1274-1276 1303-1305 1293-1295 1294-1…
Newmont keeps Australian interests
After failing to reach a pricing agreement, Newmont Mining of New York has decided not to sell a 75% interest in Newmont Australia Ltd., the company said recently. The proposed sale of its Australian …
Investment Comment Bootleg project makes Vista a buy
When Vista International Petroleums created a precious metals exploration wing in 1986 to take advantage of rising gold prices, the new entity was able to give itself a head start At a price of $612,0…