Vista exploration
A drill program is scheduled to begin in mid-February on the Uskik Lake property held by Vista Mines (TSE). The work will test several geophysical targets defined by the company last year. The propert…
News
Jury remains out as LAC drifts into Queenston’s Kirkland bet
It could be any hour of any day in any week when Queenston Gold Mines (TSE) gets a call from LAC Minerals (TSE) to say that mineable ore has been encountered deep beneath the Kirkland West property ne…
NLX Resources testing Gowganda silver bet
An underground drilling program, currently under way on NLX Resources’ Gowganda, Ont., silver property, continues to yield encouraging assay values. The program, being carried out under the direction …
American Barrick to option Glen Auden gold bet
An option agreement is in the works which will see American Barrick Resources (TSE) acquire control of a large gold property owned by Glen Auden Resources (TSE) and Goldrock Resources. Thomas Skimming…
U.S. REPORT Green Springs project of USMX operating above design
The Green Springs gold mine of USMX Corp. (NASDAQ) in Nevada is operating “above design levels,” Michael Mehrtens, president, confirms in the company’s latest interim report. The mine also generated a…
Metal Prices PRODUCER PRICES (January 09, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.12 per lb. (Dec 22, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
Coin Lake’s Golden Reward enhanced
Toronto-based Coin Lake Gold Mines (TSE) says two important developments have recently enhanced the potential of its Golden Reward project in the Black Hills area of South Dakota. Based on additional …
Canadian Iron Ore: 1950 to 1986
The Iron Ore Company of Canada (IOC) began shipping from its new mine at Schefferville in 1954. It was the first of the mines in the Labrador Trough, which would reshape the Canadian iron ore industry…
Lornex reorganization
The reorganization of Lornex Mining Corp. (VSE) has been completed, partners Rio Algom (TSE) and Teck Corp. (TSE) say. Shareholders of Lornex approved the amalgamation of the company with a wholly-own…
Commodities — the last 100 years and the ’80s
The futures market in metals began about a century ago because Chilean copper took about three months to get to England in the ships of those days. Traders needed to know the price they could deal at …
Cliff, Canaustra merger given vote of approval
An expanded and newly financed Cliff Resources (TSE) is the result of a recent amalgamation of that company with Canaustra Gold Exploration (VSE). A majority of shareholders in both companies voted th…
Toronto Stock Exchange (January 09, 1988)
If the first week of the New Year is a precursor of things to come, then hold on for a ride because base metal prices continue to head in one direction — up. During the week, prices for copper, nicke…