Montreal Exchange Douay results pleasing
A falling gold price (near US$400 per oz at this afternoon’s London fix) might turn off some investors, but in Montreal this past week metals issues showed a small gain — the mining and minerals inde…
News
Inco’s first gold mine opens
While pouring the first gold bar from the East zone of their Golden Pond project in the Casa Berardi region of northwestern Quebec, Inco Gold and Golden Knight Resources (TSE) announced drill results …
Results from Hemlo prospect are inconclusive: Interlake
On behalf of Noranda Inc. (TSE), affiliate Hemlo Gold Mines (TSE) is continuing to look for a deep extension of the Page Williams ore zone on the International Interlake property at Hemlo, Ont. Under …
Armistice prepares to deepen shaft at Virginiatown bet
With a new hoist and headframe in place and rehabilitation of the old shaft to 1,250 ft complete, Armistice Resources (ME) is forging ahead with a deep underground exploration program at its gold prop…
Production resumes at Bunker Hill mine
Production of zinc and lead concentrates at the Bunker Hill mine in Idaho’s Coeur d’Alene mining district has resumed, Bunker Hill Mining said recently. Initial production will come from the zinc-rich…
Metals Prices PRODUCER PRICES
ALUMINUM: MW U.S. Market $1.17-$1.20 per lb. (Sept 8, 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: N…
Nerco Minerals sticking with precious metals
Speculation that Nerco Minerals wants to get out of the precious metals business has been denied flatly by the company. A few weeks ago Nerco said it was considering the sale of interests in certain p…
Program begins at Eagle Nest Project
A $300,000 exploration program operated by Corona Corp. (TSE) is now under way on the Eagle Nest property located one mile northwest of the producing Nickel Plate gold mine near Hedley, B.C. According…
Getty, Noranda increase Tundsra reserves by 21%
Drilling continues to expand reserves at the Tundra gold project — Canada’s largest undeveloped gold resource. Based on work completed by partners Noranda Inc. (TSE) and Getty Resources (TSE), the de…
Barrick’s Goldstrike mine Crown jewel in company
Not quite two years ago the Goldstrike Mine was a relatively small heap leach producer and a moderately successful one at that. But this was before Toronto-based American Barrick Resources (TSE) got i…
Interquest sees end to financing dispute
A dispute between Interquest Resources Corp. (TSE) and Trader Resource Corp. (TSE), now before the courts, could be settled before the end of September says Interquest Chairman William Koyle. The disp…
Noranda signed as operator as Montana ends Noxon saga
Noranda Minerals has emerged as the mystery partner in a successful bid by a Washington holding company to acquire the Noxon silver-copper deposit in Montana. The Toronto-based subsidiary of Noranda I…