News


Montreal Exchange Market turns upward

Investors in a buying mood helped propel the ME this holiday- shortened week to higher levels, with the market portfolio jumping almost 50 pts and the mining and minerals index climbing more than 34 p…


FINANCING (October 10, 1988)

ONTARIO Markbridge — final rec iss offer 460,000 @ $1.40 per sh to net proceeds $322,000. VANCOUVER Avondale — gross proceeds rec $157,500. Jacqueline Gold — 400,000 sold for gross $160,000. Kyber …


Spot prices at a glance (October 10, 1988)

Week’s Price (US) Change Gold (per oz) $397.25 $ 0.40 Silver (per oz) $ 6.22 + $ 0.04 Platinum (per oz) $507.00 + $12.00 Copper (per lb) $ 1.19 + $ 0.05 Lead (per lb) $ 0.30 +…


Property acquisition by Card Lake

A base metals property has been optioned by Card Lake Resources (COATS). Located in the Tumpline Lake area of the N.W.T., the property is 60 miles northeast of Yellowknife. Grab samples from two showi…


Noranda to boost stake in Falconbridge to 29%

When Noranda Inc. (TSE) recently announced plans to increase its stake in Falconbridge Ltd. (TSE) to just under 30%, Chairman Alf Powis said he had no intention of seeking full control. “Our plan is t…


Tarzan in Joburke

Tarzan Gold (ASE) has entered into an agreement with Noranda Inc. (TSE) which gives Tarzan the right to earn a 50% interest in Noranda’s Joburke property near Timmins, Ont. Tarzan can earn the interes…


Metal Prices PRODUCER PRICES (October 10, 1988)

ALUMINUM: MW U.S. Market $1.115-$1.14 per lb. (Sept 22, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: New Y…


Giant Bay, Coastech test bacteria oxidation system

A couple of Vancouver-based companies are involved in a race to develop a low cost oxidation process which uses live bugs to recover gold from refractory ore deposits. As a skeptical mining industry a…


Inco, Seven Mile to drill Vault bet

Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE), has recommended a 5,000-m drill program for the Vault project shared with Seven Mile High Resources (VSE). Located in British Columbia, the Vaul…



PACOAL 89

PACOAL 89 tackles the future of the inter-relationship between power generators and coal with its theme “Electricity and Coal demand in the Asia-Pac ific.” The 4-day conference (in English) will be h…


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