Saleine Mines sold to Canadian Salt
A wholly-owned subsidiary of the Quebec government’s Soquem, Seleine Mines, has been sold to Canadian Salt for $35 million. The Saleine operation produces salt from a deposit situated on one of the Ma…
News
Toronto Stock Exchange Falconbridge, Inco highlight lethargic week
Trading in the shares of Inco Ltd and Falconbridge Ltd was the only highlight in a generally lethargic week of activity. Today, both issues raced near their highs, primarily due to firming commodity p…
Duration nickel find
A nickel-copper discovery has been made by Duration Mines (TSE) on the company’s property near Geraldton, Ont. A drill test of a geophysical anomaly cut 98 ft grading 0.5% combined nickel- copper per …
First reserve grades low on Bay/Jilby Fontana bet
The three joint-venture partners on the Fontana property in Duverny Twp. in northwestern Quebec have announced the first reserve figures on the property. Calgary-listed Bay Resources and Services (ASE…
Greenstone/Dragoon venture in 9-month tune-up stage
Production of silver-lead-zinc concentrates is under way once again at the Comstock Silver Cup mine in British Columbia’s Slocan mining district, The Northern Miner has learned. Nearly 70 years since …
Montreal Exchange Audrey uncovers lens
A new massive sulphide lens has been discovered by Audrey Resources some 800 ft southeast of its producing polymetallic Mobrun mine, the company reports. Audrey, which traded 50,400 shares and moved u…
Golden Zone deal
Golden Zone Developments (VSE) has acquired an option to earn a 46.65% interest in the Big Hurrah gold property near Nome, Alaska. The property hosts reserves of 380,000 tons grading 0.45 oz gold per …
Equinox on schedule with Maude Lake program
An underground exploration program on the Maude Lake gold deposit is progessing on schedule, operator Equinox Resources (TSE) says. The property, which is located near Matheson, Ont., is held under op…
Stratabound acquires two sulphide deposits
Calgary-based Stratabound Minerals (ASE) has acquired two massive sulphide deposits in the heart of the Bathurst-Newcastle mineral belt of northern New Brunswick, the company said recently. Known as t…
Cassiar committed to McDame asbestos mine
Asbestos producers have faced numerous difficulties over the years including Cassiar Mining (TSE) whose product quality is one of the highest in the world. In terms of usage its fibre is also among th…
Metal Prices FUTURES PRICES (April 11, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 107.00 107.00 107.00 + 3.00 May 107.00…
Atlantic Report Stratabound gets polymetallics
Stratabound Minerals of Calgary recently acquired two New Brunswick properties in the Bathurst camp containing substantial reserves of copper, cobalt, gold, silver, lead and zinc. The Captain and Tayl…