Galactic finances Ridgeway project
Vancouver-based Galactic Resources (TSE) and partner BP Minerals America have successfully negotiated a $56-million(US) gold loan to finance construction of the Ridgeway gold mine, at Ridgeway, S.C. T…
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Dutch Creek core returns gold values
Some encouraging gold intersections have been returned from Dutch Creek Resources’ (VSE) Wisconsin property near Nelson, B.C. The company says that recent exploration work “encountered at depth the wi…
MSV, Placer pull rich core sample
Results from a drill hole on the Eastmain gold project in northern Quebec have management at MSV Resources (ME) and Placer Dome (TSE) smiling. Assays from hole 332-45 over a 32.6-ft length revealed an…
What’s New AUTOMATED SURVEYING
Geodimeter of Canada has fully automated the monitoring of walls in open-pit mines. The company’s total station survey system, the AGA 710, which is used for monitoring the structural stability of pit…
Metal Prices FUTURES PRICES (May 02, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 90.05 88.50 89.35 — 5.55 Jun 89.00 89.00 …
Dolphin to spend $2 million on Cape Ray drill program
A $2-million surface drilling program is planned this year by Dolphin Explorations (VSE) for its Cape Ray gold property in southwest Newfoundland. Planned by the company, which is 44% owned by Interna…
50 years ago MAY, 1938 WHY DOESN’T THE MARKET MOVE?
When an announcement that a crosscut has encountered a 52-ft orebody, assaying $11 in gold, fails to stir prices of gold mining shares, traders and the public may be excused for wondering, What’s wron…
Metal Prices FREE MARKET (May 02, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr. 26 Apr. 25 Apr. 22 Apr. 21 Apr. 20 Copper 1080-1190 1095-1105 1167-1168 1170-118…
Dewatering plan seems likely at Seadrift’s Aldermac deposit
Vancouver-based Seadrift International (ASE) has released some more results from drilling on a previously unexplored area of the No 8 zone at its wholly-owned Aldermac project about nine miles west of…
Toronto Stock Exchange Grenges slides after Tartan Lake woes made
It’s been a quiet week on the Toronto market. Gold managed to gain a couple of dollars today pushing the Gold Index up 60 points, but the overall drift has been sideways. With interest rates going up,…
Key Anacon Mines, four affiliates improve earnings
Five Saint John, N.B., companies which share management personnel and are part of the Irving group all report improved earnings for 1987. Key Anacon Mines (TSE), with more than 500,000 shares in Bruns…
Montreal Exchange: Firms in agreement
The management teams of gold- producer Louvem Mines and St. Genevieve Resources appear to have reconciled their differences, following a bid by the latter to acquire up to 4.8 million additional commo…