News in Brief (October 24, 1988)
Cambior Inc. (TSE) has expanded into California. The company has acquired a 50% interest in a 950-acre property which covers a section of the famed Mother Lode structure. The purchase price was $500,0…
News
Letters to the Editor CIM ignored
I was pleased to note that you included Jack McOuat’s speech on Due Diligence as presented at the Toronto Branch of CIM on Sept 15 in your Oct 3, issue. I was disappointed however that you made no men…
Magino mine officially open
The second gold- mine opening in less than a month took place northeast of here recently when the Magino property of Muscocho Explorations (TSE) and McNellen Resources (TSE) officially went into produ…
Surf Inlet option
Surf Inlet Mines (VSE) has signed an agreement with Newfields Minerals (TSE) which gives the former company the right to acquire a 50% interest in Newfields, McGarry Twp. gold prospect. Located beside…
Stratmin completes graphite sample test
A 2,225-ton bulk sample of graphitic material from the Mont- Laurier graphite deposit owned by Stratmin Inc. (ME), has been processed. The milling was completed by Asbury Graphite Mills, one of the la…
Vedron exploration
Recently reporting the substantial completion of a program of ramping to the 650-ft level and driving exploration drifts, crosscuts and ventilation and access raises at its Timmins, Ont., property was…
Metall’s Australian mine
Metall Mining Corp. (TSE) plans to increase its operations in Australia following the commencement of gold production at the company’s Callion mine near Kalgoorlie. Callion, which began operations las…
Coxheath’s tests show Tangier can operate profitably
A production decision has not been made yet, but the economic viability of mining gold from Nova Scotia’s narrow-vein, Meguma- hosted deposits is no longer in doubt. Coxheath Gold Holdings (TSE) of Be…
Metal Prices PRODUCER PRICES (October 24, 1988)
ALUMINUM: MW U.S. Market $1.01-$1.07 per lb. (Oct 6, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Sept 29, 1988). CADMIUM: New Yor…
Montreal Exchange A year’s difference
There was little celebration one year ago today when stock markets around the globe collapsed. Not that it was the end of the world; on the contrary, investment life went on, albeit at a somewhat slow…
Hidden Lake Gold acquires large property in N.W.T.
An option to earn a 51% interest in the 40,000-acre Camsell Lake property located 115 miles northeast of Yellowknife, N.W.T., has been obtained by Hidden Lake Gold Mines (VSE) from a private claim own…
Drill Program Starts On Oneida’s Maple Leaf Project
A drill program is under way on the Maple Leaf project in the Mishibishu Lake gold camp of Ontario. owned 100% by Oneida Resources (VSE), one of several Applegath Group companies active in the area. T…