News inBrief (March 07, 1988)
Rio Algom has acquired control of the East Kemptville tin mine near Yarmouth, N.S. The mine was originally brought into production by Rio in late 1985 at a cost of $142.5 million. Rio operated the min…
News
June decision a possibility at Lenora’s Golden Harker bet
The Golden Harker gold property located north of here has Lenora Explorations excited, so much so that President Robert Kasner is hoping to make a production decision by June of this year, The Norther…
Jascan, Atlantic get $40 million for Noxon share
Half a year ago Jascan Resources and Atlantic Goldfields each invested $3.5 million in order to earn a 45% interest in the Noxon silver-copper deposit in Montana (N.M., Feb 8/88). Now they’ve reached …
Queenstake and Childs drill Argus gold bet
A $300,000 (US) drill program is planned on Queenstake Resources’ Argus gold project near Bakersfield, Calif. About 12,000 ft of drilling will be carried out in 1988 with the goal of bringing the Dave…
Brunswick posts profit in 1987
Net earnings in 1987, before unusual items, of $11.8 million were recorded by Brunswick Mining and Smelting compared to a loss last year of $6.9 million. After unusual items, earnings in 1987 totalled…
Toronto Stock Exchange Renewed confidence moves index over 3,200
The leg of a rally appears to be developing, as equity markets enjoyed one of there best weeks in months. The prospect that interest rates are set to slide lower is a catalyst. Also, the combination o…
Metal Prices FREE MARKET (March 07, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 1 Feb. 29 Feb. 26 Feb. 25 Feb. 24 Copper 1220-1222 1175-1180 1205-1210 1261-1263 124…
Globex on ME
Recently listed for trading on the Montreal Exchange was Globex Mining Enterprises of Rouyn- Noranda, Que. (symbol gmx). The company, incorporated in 1949, has interests in two properties in northwest…
Inco’s VP seeks stricter environmental controls on new
Government funding assistance for new developments should be conditional on meeting environmental standards, says a senior Inco executive. “There is no way that we should have the taxpayer’s money bei…
Carlson drilling Hemlo-Marathon bet
A 12,000-ft drilling program is being carried out by Carlson Mines and its joint- venture partner Black Gregor Explorations on their Hemlo-Marathon property, north of Lake Superior, Ont. The program, …
Feasibility near for NSR/Cogesco
Partners NSR Resources of Toronto and Nova-Cogesco Resources say they are just two months from a feasibility study at the Rand Malartic project in Fourniere Twp., Que. The joint venturers are executin…
NovaGold to seek financing for work in U.S. southwest
Levesque Beaubien Inc. will test the financial waters “in the next little while,” to raise exploration funds for NovaGold Resources, The Northern Miner has learned. The geological consulting firm Watt…