Metal Prices FUTURES PRICES (January 25, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 126.30 124.50 124.75 — 2.55 Mar 113.30 110.90 …
News
Steep Rock agreement
An agreement has been concluded between Steep Rock Resources and the Ontario Ministry of Natural Resources which will see Steep Rock surrender all its former mining properties at Atikokan, Ont., to th…
Mintek, Bishop to merge
Victor Jones, president of Mintek Resources and Corby Stanley, president of Bishop Resources Development have announced approval by their respective boards of directors to amalgamate, subject to share…
ME trading in ’87 at record levels
Trading activity in the Montreal Exchange’s equity and options markets in 1987 was at record levels, the stock exchange reports. The general market portfolio index rose 3.7% compared with 1986 on a vo…
Cominco’s Red Dog to employ up to 350
When Cominco’s Red Dog mine reaches full production in the early 1990s it will provide jobs for about 300 to 350 people, according to Orbit, Cominco’s in-house publication. Although initial production…
EDITORIAL Volunteering for taxes
If the example of mining companies in Nevada catches on, it could give the industry a bad name. Miners could become known as a soft touch, if not a little soft in the head. Mining has been booming i…
Gunnar gold joins Maritimes gold hunt
Gunnar Gold has announced that it will join the hunt for gold in the Maritimes with a $2-million diamond drilling program on the Fifteen Mile Stream property in Nova Scotia. The 4-drill, 30,000-ft exp…
Pezim ties up Grew Creek ground in the Yukon
Virtually all the ground on trend with the Grew Creek discovery of Noranda Exploration and Golden Nevada Resources has been tied up by Pezim Group companies including his fledgling merchant bank, Prim…
Aberfoyle’s reputation much larger than its size
With only 265 employees thinly spread over 4,000 km from Tasmania to Western Australia, base metal and gold miner Aberfoyle Ltd. (47%-owned by Cominco) has a reputation far larger than its size. “They…
Normetal Mining options 72 claims
An option to acquire a 100% interest in 72 claims in Perron, Clermont and Desmeloizes twps. in northwestern Quebec has been acquired by Normetal Mining Exploration. The option, acquired from C. Salmis…
Kootenay King starts work at Erie Creek
Preliminary exploration work has started at Kootenay King Resources’ Erie Creek gold prospect near Salmo, B.C. The company completed part of a $37,000 Stage 1 program, consisting of line cutting and g…
McChip/Noranda venture showed good results
Under the terms of the joint venture agreement between McChip Resources and Noranda Exploration, a successful exploration program costing approximately $400,000 was carried out during the latter part …