Spot prices at a glance (November 14, 1988)
Week’s Price (US) Change Gold (per oz) $419.50 + $ 7.00 Silver (per oz) $ 6.41 + $ 0.06 Platinum (per oz)$582.00 + $ 9.00 Copper (per lb) $ 1.51 — $ 0.02 Lead (pe…
News
Mark V remains confident of getting mine permits
Mark V Petroleums and Mines (TSE) of Vancouver says it is receiving positive signals from the U.S. Forest Service with regard to bringing its Bagdad gold project into production. Nothing has been rece…
Investment Comment Three junior golds with overlooked potential
Toronto-based Bitech Energy Resources (ASE) has substantially increased its mineral exploration activities since last year, and recently, the company made a significant gold discovery in Newfoundland….
Westmin/Nexus exploration tunnel on schedule
The exploration tunnel at the Debbie gold project on Vancouver Island is proceeding “on schedule and on budget” say partners Westmin Resources (TSE) and Nexus Resource Corp. (TSE). Designed to access …
Monique financing (November 14, 1988)
A financing to allow Monique Exploration (ME), formerly Monicor Exploration, to increase its interest in the Monique gold property east of Val d’Or, Que., is being arranged by the company. A prelimina…
Skukum, Berglynn cut wide sections, good grade
Several high grade drill hole intersections were reported by 50/50 partners, Skukum Gold (VSE) and Berglynn Resources (VSE) from the newly discovered Goddell Gully structure on their joint-ventured pr…
Gunnar, Mill City raise $2 m to explore Fifteen Mile bet
A fifth company has been signed up by Gunnar Gold (TSE) and Mill City Gold (ME) to participate in Pan East Resources’ (ASE) Fifteen Mile Stream gold exploration project in Nova Scotia. In return for p…
Noranda purchases Crown Butte shares
Recently exercising its option to purchase 250,000 shares of Crown Butte Resources (VSE) at $2.40 per share was Noranda Inc., which now owns 18.4% of the former. Earlie thi year Norand acquire …
Gold and platinum can be found in some ore
The Oct 17th issue of The Northern Miner recently carried an article by Professor Jerry White addressing the promotion of precious metals stocks by “boiler room sales promotions” (N.M., Oct 17/88 Mini…
Toronto Stock Exchange Free trade concerns keep index flat and
A much-expected Republican election victory combined with concerns of a Liberal government in Canada kept the market twitching nervously. After a couple of days of steep declines earlier in the week w…
United Keno losing miners
A shortage of skilled miners and low metal prices are affecting silver production at the Elsa Mine, located 500 km north of Whitehorse, Yukon Territory. The Elsa silver mine, owned and operated by Uni…
New consulting firm
Several professional mining engineers and geologists, formerly employees of Robertson & Associates, have established a consulting firm under the name Micon International Limited. The group, in recent …