News in Brief (August 01, 1988)
Simicom 1988 and Company Limited and Partnership has entered into an agreement with Madeleine Mines (TSE) to provide the company with $500,000 in financing for the 1988 exploration season. The partner…
News
Cominco American
Cominco American Inc., a wholly-owned subsidiary of Cominco Ltd. (TSE), and alenco Petrochemicals have formed a partnership which will allow Alenco to participate in Cominco American’s nitrogen-based …
Dundee-Palliser ponders $8 million Vezza program
After spending around $5.6 million at the Vezza Twp. properties in northwestern Quebec, Dundee- Palliser (TSE) and partner North American Rare Metals (VSE) are gearing up for an underground exploratio…
Chevron signs major deal on N.W.T. gold properties
Junior mining companies don’t often take in a $1- million immediate cash payment from a major mining company as part of an option agreement — particularly for gold properties located in the Northwest…
Metal Prices PRODUCER PRICES (August 01, 1988)
ALUMINUM: MW U.S. Market $1.21-$1.26 per lb. (July 21, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Encouraging results reported by Orex at Onitap property
A drill core sample from the Goldboro property in Nova Scotia assayed 1.42 oz gold per ton (uncut) over 25 ft, Orex Exploration (ME) reports. Orex may earn a 50% interest in the property from Onitap R…
Gold caught in neutral trading pattern
Bouncing around within a fairly narrow range, the price of gold seems to be caught in a neutral pattern, analyst Manford Mallory of Capital Group Securities of Toronto told The Northern Miner. The pre…
Cominco/Delaware project
On the approach to the SNIP airstrip 65 miles north of Stewart one begins to understand the hazards of minerals exploration in British Columbia. Sitting off to one side of the airstrip are the remains…
Power negotiating joint ventures
With two joint venture agreements arranged, junior mining firm Power Explorations (TSE) is looking to negotiate similar deals with other mining companies to bring its various properties in northwester…
Editorial Risky business
Mining is a risky business, right? And the men (or women) who are the leaders and the risk-takers are frequently under a lot of pressure as they weigh the various factors involved in finding and devel…
Low inventories help keep nickel high
Assuming the demand for nickel remains strong for the remainder of this year and well into 1989, and that the catching-up process by producers has some way to run until supply overtakes demand, intern…
Letters to the Editor Praise for Dome Mines
I was interested in an inside “highlights” item at the top of page 1 of your June 13 issue, which read; “Yesterdays — In the early 1900s Cobalt was the place to be.” How about “Dome Mines?” If one ha…