Zinc plays catch-up with other metals
While not quite emulating the price run-ups experienced of late by copper and nickel, zinc has seen its price rise and, according to the securities firm Shearson Lehman Hutton, is trading at its highe…
News
Nuspar expectations high for even junior company
Junior mining companies sometimes have high expectations and Vancouver-based Nuspar Resources is certainly no exception. The company says it has signed an agreement with “a major international gold bu…
Sun River drilling Arizona prospect
A 10,000-ft drilling program is under way at Sun River Gold’s United Western Mine property near Oatman, Ariz. The drilling is designed to increase current reserves of 225,662 tons grading 0.263 oz gol…
Production decision reached for Idaho Gold heap leach mine
Idaho Gold, the operating company set up by Amir Mines (63%), Normine Resources (22%) and Glamis Gold (15%) is proceeding with development of its Buffalo Gulch heap leach mine near Elk City, Idaho. As…
COATS Trading Features (April 04, 1988)
A takeover offer for 750,000 shares of Newfield Mines helped perk up the share price of that issue to $1.85. Partners T & H Resources and Jonpol Explorations are making the bid. The latter companies h…
Dumagami sheds image as a `marginal’ producer
With the start-up of its spanking new 2,000-ton mill in Quebec’s bustling Bousquet-Cadillac area now scheduled for late May, Dumagami Mines will soon be shedding its long held perception as a marginal…
Metal Prices PRODUCER PRICES (April 04, 1988)
ALUMINUM: MW U.S. Market $1.065-$1.105 per lb. (Mar 17, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.65-$5.80 per lb. (Mar 17, 1988). CADMIUM: New Y…
Flow-Through Committee garners support in Vancouver
The Canadian Save Flow-Through Committee rolled into town last week to garner public support for the retention of flow-through financing. Turnout at the symposium was light and probably reflected the …
Debt-free Queenston quiet on Kirkland West talks
While a shutdown at the McBean open pit near Kirkland Lake, Ont., reduced Queenston Gold Mines’ 1987 earnings, the Toronto company is negotiating a joint venture agreement with Lac Minerals at the pro…
Amax Gold boosts Sleeper reserves
A major increase in reserves has been reported by Amax Gold Inc. at the company’s Sleeper gold mine in Nevada. High grade reserves of 3.4 million tons grading 0.376 oz of gold per ton represent a 97% …
Interquest results
Interquest Resources has received encouraging results from drilling on the Follansbee Red Lake property near Red Lake, Ont. The project is being funded by Red Lake and Sun Valley Resources which can e…
Muscocho results at Magnacon bet show good values
Unusually strong widths plus elevated gold values have been en countered in exploratory drifting and slashing in the South zone on the first level at the Magnacon gold project in the Mishibishu Lake a…