INSIDER TRADES (July 25, 1988)
Cuvier — J. Lundrigan bought 12,500 to hold 183,000. Dundee-Palliser — Cons Talcorp sold 46,000 to hold nil. Kerr Addison — I. Bayer sold 6,000 (May) to hold 56,261. Mark Res — K. Hebben sold 100,…
News
Toronto Stock Exchange Gold bullion’s rise fails to spark trading
Bullion registered a strong $9 gain this week to $444.80 (US) on London’s second fix today. Gold reacted to a sell-off of U.S. dollars and renewed hostilities between Iran and Iraq in the Persian Gulf…
Spectacular results bode well for Muscocho group’s Magnacon
Partners Flanagan McAdam Resources (TSE) (50%), Muscocho Explorations (TSE) (25%) and Windarra Minerals (VSE) (25%) have announced a flurry of drill ** results from the Magnacon property which can on…
Gold survey maps are on sale in B.C.
New gold survey maps covering a large area of north-central British Columbia are now available from the province’s ministry of energy, mines and petroleum resources. The maps are based on a government…
Queries Kennco can earn 30% of Dundee/N.A. bet
I am writing to enquire about the Dundee-Palliser/North American Rare Metals’ Vezza property near Matagami, Ont. According to rumors, upwards of two million tons grading 0.25 oz gold per ton are conta…
Annual SME meeting
More than 5,000 delegates are expected to attend the annual meeting and exhibit of the Society of Mining Engineers set for Feb 27-March 2, 1989, in Las Vegas, NV. To be held in conjunction with the an…
Stratmin establishes graphite reserves
Reserves of graphitic material at its Mont Laurier, Que., deposit are estimated to be 23.7 million tonnes, Stratmin Inc. (ME) reports. Results to date from ongoing drilling and from a 44-tonne bulk sa…
Echo Bay executives appointed to board of McNellen Resources
With a $50- million investment in the Muscocho Group of companies including McNellen Resources (VSE), Echo Bay Mines (TSE) is set to play a much larger role in Eastern Canada’s gold mining industry. U…
Production possible by mid-1990: Yorbeau
Production at the Astoria property near Rouyn-Noranda, Que., could be 18 months away, the president of Yorbeau Resources (TSE), Karl Glackmeyer, told shareholders at the annual meeting in Montreal. “W…
PRODUCER PRICES (July 18, 1988)
ALUMINUM: MW U.S. Market $1.22-$1.27 per lb. (July 7, 1988). ANTIMONY: New York dealer $0.95-$1.05 per lb. (July 7, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New Yo…
Montreal Exchange Downturn in market
Whether or not the extra warm weather of late is responsible, something has caused a downturn in the market. While daily trading volumes the past week have been fairly constant (in the 4.8 million-to-…
Huntington discovery has epithermal characteristics
The gold discovery on Huntington Resources’ (VSE) Brett property near Vernon, B.C., is not your typical epithermal gold deposit, says project geologist Werner Gruenwald. One of the things that makes i…