Montreal Exchange (January 09, 1988)
Investors must have been pre- occupied with other activities during the year-end holiday festivities; daily trading volumes during the shortened week ranged from a lowly 2.2 million on up to 3.5 milli…
News
Chelsea, Beardmore in joint venture
A letter of intent has been agreed to by Chelsea Resources (VSE) and Beardmore Resources (VSE) to enter into a joint venture for the exploration and development of the former’s Gold Hill property in M…
Blackdome encouraged by recent drill results
Exploration drilling designed to outline new ore reserves on Blackdome Mining Corp.’s (TSE) high grade gold property in British Columbia has returned encouraging results, the company reports. A major …
Oscar plans work
Oscar Giroux Resources, a private company, hopes to conduct a $365,000 exploration program on a group of silver prospects in Lorrain Twp., Ont. The claims include six shafts extending to a depth of 20…
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…
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…