Ontario may compensate for loss of flow-through
The Ontario government will be pressuring the federal Finance Department to rescind its plan to weaken flow-through share financing for mineral exploration, the province’s mines minister has announced…
News
Aber, Hemisphere drill rich sulphides
Partners Aber Resources and Hemisphere Development could have their teeth into an important base and precious metals deposit in the Northwest Territories. Shared equally between both companies, the Su…
Metal Prices FREE MARKET (January 25, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 19 Jan. 18 Jan. 15 Jan. 14 Jan. 13 Copper 1457-1462 1515-1520 1490-1495 1355-1360 1458-1462 Lea…
Diepdaume plans bulk sample test
Having recently opened a 600- ton-per-day custom mill in the Timmins, Ont., area, Diepdaume Mines is looking at a possible production decision this year for its Preston East Dome gold project. Preside…
Sulphates and hematite found in major gold deposits
A notable feature of rocks of Archean age is an absence of oxygenated minerals, such as sulphates and hematite, reflecting a lack of atmospheric oxygen at that time. In the Witwatersrand placers this …
Cream Silver drilling Buttle Lake after government lifts
After a 14-year moratorium, Cream Silver Mines is exploring its Buttle Lake polymetallic deposit near Westmin Resources’ mine on Vancouver Island. The 166 mineral claims are located about two miles so…
Vancouver breaks all records despite market volatility in ’87
It was a year of highs and lows for investors on Vancouver’s Stock Exchange. The vse set new records in nearly all areas of its trading activity in 1987, but ended the year reeling from the impact of …
Metal Prices PRODUCER PRICES (January 25, 1988)
ALUMINUM: MW U.S. Market 89.00 cents -91.00 cents per lb. (Jan 7, 1988). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CADM…
Montreal Exchange Heavy trading in Abitibi
Volume leader on the Montreal Exchange this week was Abitibi Metals Mines. It was heavily traded with 1,444,100 shares changing hands. Abitibi closed at 22 cents for a gain of 3 cents or 16% on the …
Queries Cornucopia Res. hasn’t changed its name
When I sold 400 shares of Cornucopia Resources recently, I was informed by my broker that this company is now Valley View Gold. While the shares of Cornucopia are listed in Vancouver and Valley View…
Hemlo puts Corona in the black
Increased gold production both from the David Bell mine and the still-disputed Williams mine at Hemlo helped put International Corona Resources well into the black for the year ended Sept 30, 1987. Th…
Denison profit boost mainly due to oil, gas
Profit of Denison Mines, before extraordinary, unusual and other nonrecurring items, climbed 45% in 1987 over the previous year, and the company credits its expanding oil and gas division for the shar…