Tundra acquires Lamaque option
Tundra Gold Mines (VSE) has acquired an option to purchase the 50% interest in the Lamaque gold mine property held by Teck Corp. (TSE). Lamaque, which shutdown in 1985 after 50 years of production, is…
News
United Lincolm, BP fast-track plans for B.C. gold-copper play
A bulk tonnage low grade gold- copper deposit in British Columbia is being fast-tracked toward development by partners United Lincoln Resources (VSE) and BP Canada Resources (TSE). Located 45 km west …
Agnico-Eagle loss due to mine hoist
Mechanical difficulties at Agnico- Eagle Mines’ (TSE) Telbel mine near Joutel, Que., continues to have an impact on the company’s bottom line. As a result of lower gold production at the operation, Ag…
Cameco pleased at Hanson Lake
Economic grades of copper and zinc with associated silver values have been intersected over a strike length of 2,000 ft on the Hanson Lake property controlled by Cameco — A Canadian Mining and Energy…
FUTURES PRICES Metal Prices (December 05, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 154.50 151.00 153.50 + 10.70 Jan 144.00 143.30 144.00 — Mar 133.50 130.10 133.00 +…
WAMAC raffle
Winners of the Women’s Association of the Mining Association of Canada’s raffle November 18 are: — First prize, a Wardair show tour for two; ticket 0064, Ashley Balchin of Oakville, Ont. — Second pr…
Alberta Stock Exchange Biron gains ground
On an otherwise lacklustre trading session, Biron Bay Resources was the only issue to make any real progress. Trading on 96,000 shares, it gained 54 before closing at $2.29. much of Biron Bay’s recen…
Lord River results from Nevada program
Drilling at Lord River Gold Mines’ (VSE) Trout Creek option 15 miles southeast of Carlin, Nev., has generated some encouraging results. In the Southern Jasperoid zone, gold mineralization has been out…
Montreal Exchange Mining issues stronger
Resource issues put on a strong show this week, with the mining and minerals index moving up more than 54 pts. In comparison, the general market portfolio index gained slightly more than 9 pts. Daily …
Cal Graphite prepares mill; Stewart Lake uncovers new zone
Two juniors exploring for graphite in Ontario report continued activity at their properties. Cal Graphite (VSE) says its $1.1- million exploration program at Graphite Lake north of Huntsville is near …
Correction (December 05, 1988)
In a story on the United Western project in Arizona (N.M., Nov 28/88 Sun Valley rehabilitating United western mine shaft), Sun River Gold Corp. (VSE) is the company rehabilitating the Arizona Central …
American Reserve, Assoc. Porcupine to amalgamate
American Reserve Mining Corp. (VSE) and Associated Porcupine Mines Ltd. (TSE) have announced a merger proposal which will see American Reserve take over a 100%-interest in Associated Porcupine for abo…