Editorial Alarm bells are ringing
From a recent presentation by Lionel Kilburn at a seminar sponsored by the Prospectors and Developers Association of Canada. In the spring of 1988, two significant papers were presented by senior exec…
Articles by Northern Miner Staff
Finor drilling
More promising results have been reported by Finor Exploration (ME) from the Courville property near Val d’Or, Que. Finor is earning a 30% interest in the project from Parquet Resources (TSE), which d…
Ateba, Roxmark explore zone (December 19, 1988)
Assays of the gold mineralization at the 17th level of the old Magnet mine near Geraldton, Ont., have been encouraging, particularly where the entire widths of the mineralization are exposed in the wo…
Editorial Mining at new depths
It may not be next year, it may not be in the next decade, but eventually we’ll be mining on the ocean floor. With massive sulphide deposits measuring 150 m in diameter or more and at least five met…
Corona says grade and tonnage lower at Nickel Plate project near
Production deficiencies at Corona Corp.’s (TSE) Nickel Plate mine near Hedley, B.C., are finally out in the open. Addressing a group of analysts in Montreal recently, President Peter Steen confirmed t…
Montreal Exchange Cambior ups offer
When Cambior Inc. decides to pursue an acquisition target, it seems there is no holding back the major Quebec gold producer. Initially bidding $1.50 per share for between 30% and 60% of Nova- Cogesco …
Aunore funding
Two private placements totalling $1 million have been completed by Aunore Resources (ME) with Middlefield Resource Fund 1988 Ltd. Partnership II. The company says proceeds from the placements (worth $…
Robex plans start-up of barite project
Start-up by late 1989 of an open- pit barite mining operation near Upton in Quebec’s Eastern Townships, has been announced by Robex Resources (ME). The company reports it is acting on the results of a…
People (December 19, 1988)
SINDOR RESOURCES — Fred H. Loghtner appointed president and chief executive officer.
Metal Prices PRODUCER PRICES (December 19, 1988)
ALUMINUM: MW U.S. Market $1.0725- $1.0975 per lb. (Dec 1, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6.25-$6.40 per lb. (Dec 1, 1988). CADMIUM: New Yor…
INSIDER TRADES (December 19, 1988)
Dolphin — P. Brown bought 33,200 (Oct) @ $1-1.05 to hold 88,800. Laverty Red Lake — T. Gillett sold 210,000 (May) @ 72.5 to hold nil. Muscocho — Echo Bay bought 47,000 (Nov) @ $4 to hold 8,846,29…
Metal Prices FUTURES PRICES (December 19, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 156.10 151.65 152.00 + 0.75 Jan 143.00 142.00 142.00 — 2.80 Mar 132.00 128.20 129…