Ketza ups Yukon gold output
Steeped in the folklore of the Klondike and the great gold rush of 1896, the Yukon Territory is once again making a significant contribution to Canada’s cumulative gold output. But this time the produ…
News
Metal Prices PRODUCER PRICES (May 09, 1988)
ALUMINUM: MW U.S. Market $1.04-$1.08 per lb. (Apr 21, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.65-$5.80 per lb. (Apr 28, 1988). CADMIUM: New Yor…
Abbey encouraged by drill results
An intersection of 0.19 oz gold per ton over 14.9 ft was reported by Abbey Exploration (TSE) and its two partners from hole 88-4 on property in Guyanne Twp., in northwestern Quebec. Abbey’s joint-vent…
Toronto Stock Exchange Short positions show pessimism in base
Falconbridge was the most active issue this week trading more than 1.3 million shares and picking up an eighth to close at $23 1/8. Falconbridge Chairman William James was in the Dominican Republic re…
Cominco driving adit on SNIP gold project
The 300-m level adit at the SNIP gold project of Cominco Ltd. (TSE) and Delaware Resource Corp. (VSE) is progressing on schedule, the joint venture confirms. The Twin zone structure, which hosts most …
Minefinders Corp. completes financing
A private placement of 100,000 shares of capital stock at a price of $1.50 has been completed by Minefinders Corp. (VSE) with Fordel Holdings. The placement is part of a $450,000 financing arranged by…
Montreal Exchange Parquet drill results
An active trader the past few weeks, Parquet Resources of Toronto recently released encouraging winter drilling results from property in Courville Twp., near Val d’Or, Que. One of the holes returned 3…
Jonpol, partners report 4 drills at Garrison bet
Four drills are at work on property in Garrison Twp. in northern Ontario where Jonpol Explorations (TSE) and two other companies have reported further encouraging results. Jonpol’s joint-venture partn…
United Reef concentrating on Red Lake, U.S. gold camps (Head)
Active in Canadian exploration for the past 30 years, United Reef Petroleums (TSE) is continuing along the same path followed by its founder, the late J. H. (Joe) Hirshhorn of Blind River uranium fame…
Dickenson investigates Wharf amalgamation
Toronto-based Dickenson Mines (TSE) is investigating an amalgamation with Wharf Resources (TSE), in which the former currently has a 33% equity interest. J. O. Kachmar, president of both companies, sa…
More drilling planned by San Paulo-Teck on Dryden gold bet
Seven drill holes put down on the Gaffney property of the San Paulo Explorations’ (ASE)/Teck Corp. (TSE) joint venture at Lower Manitou Lake near Dryden in northwestern Ontario has increased that depo…
Editorial No phony phones, please
From long experience of the breed, we tend to think mining people are more in touch with reality than, say, bankers, computer specialists, insurance salesmen, and others of that ilk. In fact, almost a…