La Fosse assays
Assays from chip samples taken from a decline ramp have been received by La Fosse Platinum Group. The sampling was completed on the company’s Blue Lake property, located northeast of Schefferville, Qu…
News
Metal Prices FREE MARKET (January 25, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 19 Jan. 18 Jan. 15 Jan. 14 Jan. 13 Copper 1457-1462 1515-1520 1490-1495 1355-1360 1458-1462 Lea…
Diepdaume plans bulk sample test
Having recently opened a 600- ton-per-day custom mill in the Timmins, Ont., area, Diepdaume Mines is looking at a possible production decision this year for its Preston East Dome gold project. Preside…
Corona completes Prime Capital deal
Announcing completion of an approximate one-third voting and equity position in Prime Capital Corp. of Vancouver was International Corona Resources of Toronto. The purchase price consisted of five mil…
Sulphates and hematite found in major gold deposits
A notable feature of rocks of Archean age is an absence of oxygenated minerals, such as sulphates and hematite, reflecting a lack of atmospheric oxygen at that time. In the Witwatersrand placers this …
Editorial Deficits can’t continue
When Brian Mulroney became Prime Minister in 1984 and a Progressive Conservative government was formed, we held great hope that some semblance of fiscal responsibility would follow. It appears we we…
Cream Silver drilling Buttle Lake after government lifts
After a 14-year moratorium, Cream Silver Mines is exploring its Buttle Lake polymetallic deposit near Westmin Resources’ mine on Vancouver Island. The 166 mineral claims are located about two miles so…
Vancouver breaks all records despite market volatility in ’87
It was a year of highs and lows for investors on Vancouver’s Stock Exchange. The vse set new records in nearly all areas of its trading activity in 1987, but ended the year reeling from the impact of …
People (January 25, 1988)
Pacific Concord — Peter Simon, Richard Vogel and James Wright appointed directors.
Cliff acquisitions in Arizona area
Cliff Resources has made two property acquisitions covering 14,000 acres near Yuma, Ariz. The ground is on the Mesquite-Picacho trend, a gold mining area producing more than 175,000 oz of gold per yea…
Metal Prices PRODUCER PRICES (January 25, 1988)
ALUMINUM: MW U.S. Market 89.00 cents -91.00 cents per lb. (Jan 7, 1988). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CADM…
Canreos fortunes looking up under Belmoral Mines’ wing
Belmoral Mines, which has taken Canreos Minerals (1980) Ltd. under its wing and now holds a direct 40% share interest, has turned that junior firm into an active exploration company. And it now enjoys…