Metal Prices (August 22, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 Copper 1249-1250 1251-1253 1269.5-1270 1251-1252 1…
News
Mobrun mill building interrupts production
At first it doesn’t quite compute, like seeing cows grazing on a city street or the Queen Mary lumbering for takeoff at an airport. But there it is, a 110-ft-high headframe smack in the middle of a fa…
Tungco to drill new gold zone
Four new anomalous gold showings were recently uncovered on Tungco Resources’ (VSE) Waratah property in the Iskut River gold camp in northern B.C. The showings were found during this season’s explorat…
Commodity prices reach 20-year high
From a research report by J. B. Were & Son, a member of the Australian Stock Exchange. The current very strong metal prices are largely demand driven with most base metals now coming from almost fully…
Cheni Gold Plans Mill Start-up By Fall
With development and construction programs on schedule, Cheni Gold Mines (TSE) appear to be on track to begin commercial production from its wholly-owned Lawyers gold-silver mine during the fourth qua…
New assays from Dome Mtn. drilling
The comnies involved in the Dome Mountain gold-silver project east of Smithers, B.C., say they have obtained “very encouraging” gold and silver values from underground drilling over a 130-ft length of…
Ego busy with a reserve calculation
A tonnage calculation is being made by Ego Resources (TSE) for the company’s west main zone gold deposit near Wawa, Ont. Discovered in January, the find has been the subject of in-fill drilling which …
Strike looks certain at Falconbridge Ltd.
About 1,750 hourly wage employees at Falconbridge Ltd.’s Sudbury, Ont., operations appear set to strike when their present contract expires on Aug 21. “Things don’t look hopeful because there are so m…
Cdn United results encourage
The latest drill program on the Fireweed property near Smithers, B.C. is continuing to extend a high grade mineralized horizon, officials of Canadian- United Minerals (VSE) report. Robert Holland, exp…
Hall of Fame to honor first 12 inductees
First inductees into the recently-formed Canadian Mining Hall of Fame will be announced at an inaugural dinner to be held in Toronto November 21. The Hall of Fame will pay tribute to those individuals…
MacDonald Mines
A group of shareholders of MacDonald Mines (COATS) have called a special shareholders meeting to elect a new board of directors. The group says that the previous board resigned at the beginning of the…
Can. Centre for Geoscience Training
Canada’s world renown expertise in mineral exploration technology, which has aided in numerous international mineral discoveries, is becoming even more accessible to developing nations. Through the Ca…