MFC, Pioneer dealt o treat Hecla ore
MFC Mining Finance Corp. and Pioneer Metals Corp. have entered into an agreement with Hecla Mining which will see mfc and Pioneer process ore from Hecla’s Yellow Pine gold property in Idaho. Processin…
News
Metal Prices FREEMARKET (January 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 15 Dec. 14 Dec. 11 Dec. 10 Dec. 9 Copper 1553-1558 1570-1580 1518-1522 1432-1433 1465-1470 Lead …
Geochemical reports
Writing reports can be drudgery, and perhaps this is why reports are so often badly written, president Ian Thompson of the Association of Exploration Geochemists, (aeg), says in a preface to a new boo…
Letters to the Editor Beep Mar proves its worth
Contrary to what was written in The Northern Miner’s issue of Dec 14, (`Beep Mat’ put in the spotlight by new exploration company) there are today less than a dozen geologists and/or prospectors who h…
Metal Prices PRODUCER PRICES (January 04, 1988)
ALUMINUM: MW U.S. Market 86.00 cents -88.00 cents per lb. (Dec 22, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CA…
Newmont options Claude’s Ithingo
Newmont Mines has optioned the Ithingo Lake gold property from Claude Resources. Located in northern Saskatchewan, the Ithingo property was the site of a surface gold discovery made by Claude last fal…
Toronto Stock Exchange The year ends on an uninspiring note
A free-falling U.S. dollar, without a parachute in sight, provided the only real action in financial circles this week. In yen terms, the buck dived to 123.7 — a post-war record low. The dollar crisi…
Golden Hat drilling at Dunkin property
A drilling program was recently started on the Dunkin mine gold property located 40 miles northeast of Red Lake in northwestern Ontario, Golden Hat Resources of Winnipeg reports. Underground developme…
Books (January 04, 1988)
Silver Centre Rediscovered by Peter Fancy. Covers Northern Ontario mining history from 1932 to date. 143 pages, $24.95, Published by Highway Book Shop, Cobalt, Ont. P0J1C0.
Findore options Newfield claims
Findore Minerals has optioned five patented claims from Newfield Mines. Located in Garrison Twp., near Matheson, Ont., the claims can be acquired by Findore after the company makes payments of $250,00…
Dividend Briefs (January 04, 1988)
Ranchmen’s Resources has declared a quarterly dividend of 12.5 cents on its class A shares payable Dec 29 to shareholders of record Dec 14. The last quarterly dividend of 12.5 cents was last paid Jan…
Debunking a myth HOW TO COMPENSATE FOR INITIAL UNDERESTIMATION OF
The precise dimensions of most mineral deposits are not known until they have been nearly mined out. The amount of ore that is ultimately recovered is, in many cases, considerably greater than the ini…