Aurogin awaits better markets
Declining stock market interest, especially in junior resource issues, has got Aurogin Resources (VSE) looking around for joint venture partners to continue exploration on its properties. “We have qui…
News
Nanisivik Mines ups stake in Highwood
A wholly-owned subsidiary of Mineral Resources International (TSE), Nanisivik Mines, recently acquired an additional 462,000 shares of Highwood Resources (TSE), increasing its stake in that company to…
Books Premise examined
The Centre for Resource Studies examines the wide-held premise that “more remote” means “less economic” for mineral exploration and development. The economic analysis and comparison of mining potentia…
Camindex shareholders vote in favor of MVP amalgamation
Shareholders of Camindex Mines (TSE) have voted overwhelmingly in favor of an amalgamation with MVP Capital Corp. (TSE). Camindex, which has a 51% interest in the troubled Valdez Creek placer gold pro…
Metal Prices FREE MARKET (December 26, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 20 Dec 19 Dec 16 Dec 15 Dec 14 Copper 1890-1893 1787…
Tundra increases reserves at Lamaque
Drill-indicated reserves at the former producing Lamaque gold mine have been increased to 1.73 million tons grading 0.19 oz gold per ton, Tundra Gold Mines (VSE) says. Located near Val d’Or, Que., the…
U.S. REPORT Northern Dynasty producing from underground/heap leach
As operator and 43%-owner of the Little Bald Mountain mine in Nevada, Northern Dynasty Explorations (TSE) is expecting to produce 7,000 oz of gold during the 1988 season from the combined underground/…
Ontario paves way for base metals exploration
Hosting one of the biggest volcanogenic massive sulphide deposits (Kidd Creek) in the country, Ontario is hoping base metals exploration will pick up after a presentation at a recent mines and mineral…
LAC banks proceeds from Stillwater sale
Proceeds of $48 million(C) accruing to LAC Minerals (TSE) from the sale of its one-third interest in the Stillwater platinum-palladium mine in Montana have not been earmarked for any particular corpor…
U.S. REPORT Tri-Valley bulk sampling Alaskan gold property
By year-end, Tri-Valley Corp. expects to pour gold from one of the lode prospects on its Richardson, Alaska project. The California- based public company is carrying out a phased plan to bulk sample u…
Metal Prices PRODUCER PRICES (December 26, 1988)
ALUMINUM: MW U.S. Market $1.10-$1.13 per lb. (Dec 15, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6.50-$6.65 per lb. (Dec 15, 1988). CADMIUM: New York d…
Rockford, Ranger merger
Toronto-based Rockford Minerals (TSE) and Northern Ranger Minerals (ASE) recently gained shareholder approval for a plan to combine their assets into a new company called Rockford Minerals Inc. (TSE)….