Metal Prices PRODUCER PRICES (October 10, 1988)
ALUMINUM: MW U.S. Market $1.115-$1.14 per lb. (Sept 22, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: New Y…
News
Kenora Gold buys granite property
Kenora Gold Occurrences (ASE) has optioned a granite property, 50 km north of Kenora, Ont. The deposit is massive, well jointed and easily quarried, with good road access. The granite is described as …
Fairfield Expands Exploration Projects
Two new precious metal prospects were acquired in the Okanagan region of British Columbia by Fairfield Minerals (VSE). The company also has several properties in the area under option to Placer Dome (…
Giant Bay, Coastech test bacteria oxidation system
A couple of Vancouver-based companies are involved in a race to develop a low cost oxidation process which uses live bugs to recover gold from refractory ore deposits. As a skeptical mining industry a…
Greenstone/Dragoon take up search for base metals in B.C.
For decades now, companies have drilled holes, often to great depths, into the Aldridge formation near Cranbrook, B.C., in the search for a major massive sulphide deposit. The most recent effort was u…
Inco, Seven Mile to drill Vault bet
Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE), has recommended a 5,000-m drill program for the Vault project shared with Seven Mile High Resources (VSE). Located in British Columbia, the Vaul…
Toronto Stock Exchange Inco helps volumes back over 20-million mark
Volumes have started to creep back over the 20-million share mark and tagging along have been prices. Today’s 14.4-pt advance in the composite index moved the index to 3,310.29 pts on volume of 21.5 m…
Commodity index falls despite strong metals
A slight pickup in metals and minerals helped to keep Scotiabank’s all-commodity price index from falling by more than 2% in August, the bank reports. Higher prices for aluminum, potash and sulphur du…
News in Brief (October 10, 1988)
Eastmaque Gold Mines (TSE) has agreed to participate in an exploration program in Papua New Guinea. Over the next six months, Eastmaque will spend $190,000 on the project. For the year ended June 30, …
20% of Inspiration’s revenues hinge on $130-m. Flin Flon
Ethical investment funds do not hold shares in New York-based Inspiration Resources (TSE), which this week traded in Toronto at about $8. The reason: an indirect connection to two South African mining…
Greenstone drilling for Sullivan geology at McNeil
A drill program is under way on the McNeil property held equally by Greenstone Resources (TSE) and Dragoon Resources (VSE). Located in the Kootenay area of the province, the McNeil property has geolog…
Workshop on scientific drilling
A 2-day workshop sponsored by the Canadian Continental drilling program and the Geological Survey of Canada will be held on Nov 23 – 24, in Building 3, Observatory Crescent, Ottawa, to stimulate discu…