Nickel prices flying high
Demand for nickel in a period of tight supply is driving the price of the base metal sky-high. The spot price for nickel on the London Metal Exchange (lme) had risen to the $8.70(US)-per-lb range at p…
News
New Ego zone
A new gold zone has been uncovered by Ego Resources of Toronto on its Goudreau gold property near Wawa, Ont., the company reports. To date, 26 holes have intersected a gold-bearing shear zone which ha…
Carlin drill rig shortage delays Skylark’s Pan plans
Partners Skylark Resources and Pic Prospectors International say deep drilling will not begin at the Pan property at Carlin, Nev., until mid-April. The program was originally scheduled to begin this m…
Editorial Brokers turn to COIN
Stock brokers see their job as one of bringing together buyers and sellers of securities for their mutual benefit. For their services, brokers have traditionally received a handsome fee. But times a…
Pacific Trans gets loan
An $8.8-million(US) gold loan has been completed by Pacific Trans-Ocean Resources with Lloyds Bank Plc. The financing will cover funding for the Ketza River gold mine development under way in the Yuko…
Gold Wind on ME
A junior mining firm incorporated in 1985, Exploration Vent d’Or (Gold Wind Exploration) of Val d’Or, Que., was recently listed for trading on the Montreal Exchange (symbol von). The company was origi…
Minnova’s Ansil to produce by first quarter of ’89
In a recent announcement that should have surprised no one, Minnova Inc. of Toronto said it will put its massive sulphide Ansil copper project in northwestern Quebec into production, with start-up exp…
Armeno-Maufort deal
A 3% interest in the Siscoe- extension property, located six km northwest of Val d’Or, Que., is being acquired by Armeno Resources from Maufort Resources. Maufort has an 85% interest in the property. …
Mining cash flow can be as lucrative as succesful mining itself
Mining concerns devote the majority of their time and creative talents to the traditional aspects of the industry exploration, discovery and production. Cash flow is always important, but has been vie…
Our mistake
Contrary to a statement made in an article appearing in the January 25, 1988, edition (“Shabu share trading still subject of rcmp probe”), Harvey Rubenstein was not in fact a director of Shabu Gold Mi…
Texmont to earn 50% of Gowest property (March 21, 1988)
Explorations of Toronto an option to earn a 50% interest in a 14-claim property in Tully Twp., 40 km northeast of Timmins, Ont. Under an agreement, after New Texmont has spent $400,000 within one year…
Survey results Timmins area now available
Results are now available from a recently-completed airborne geophysical survey covering an area of 6,000 square kilometres surrounding the city of Timmins, and conducted by Ontario’s ministry of nor…