FUTURES PRICES (August 22, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 93.40 93.40 93.45 — 0.55 Sep 94.95 92.30 …
News
Books in Review Book on gold: how it’s found, how it’s mined
“One thing that has always saddened me is the apparent lack of knowledge that most people have about the actual process of finding a mine.” That lack of understanding as he saw it inspired John Gammon…
Minnesota mineral lease sale
Minnesota’s department of Natural Resources is in the final stages of assembling the list of lands and mineral rights that will be offered at the 1988 state metallic minerals lease sale. The date of t…
Metal Prices (August 22, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 Copper 1249-1250 1251-1253 1269.5-1270 1251-1252 1…
Mobrun mill building interrupts production
At first it doesn’t quite compute, like seeing cows grazing on a city street or the Queen Mary lumbering for takeoff at an airport. But there it is, a 110-ft-high headframe smack in the middle of a fa…
Tungco to drill new gold zone
Four new anomalous gold showings were recently uncovered on Tungco Resources’ (VSE) Waratah property in the Iskut River gold camp in northern B.C. The showings were found during this season’s explorat…
Commodity prices reach 20-year high
From a research report by J. B. Were & Son, a member of the Australian Stock Exchange. The current very strong metal prices are largely demand driven with most base metals now coming from almost fully…
Cheni Gold Plans Mill Start-up By Fall
With development and construction programs on schedule, Cheni Gold Mines (TSE) appear to be on track to begin commercial production from its wholly-owned Lawyers gold-silver mine during the fourth qua…
New assays from Dome Mtn. drilling
The comnies involved in the Dome Mountain gold-silver project east of Smithers, B.C., say they have obtained “very encouraging” gold and silver values from underground drilling over a 130-ft length of…
Ego busy with a reserve calculation
A tonnage calculation is being made by Ego Resources (TSE) for the company’s west main zone gold deposit near Wawa, Ont. Discovered in January, the find has been the subject of in-fill drilling which …
Strike looks certain at Falconbridge Ltd.
About 1,750 hourly wage employees at Falconbridge Ltd.’s Sudbury, Ont., operations appear set to strike when their present contract expires on Aug 21. “Things don’t look hopeful because there are so m…
Cdn United results encourage
The latest drill program on the Fireweed property near Smithers, B.C. is continuing to extend a high grade mineralized horizon, officials of Canadian- United Minerals (VSE) report. Robert Holland, exp…