Noranda options to take over NDU
Encouraging assays have been reported by NDU Resources (VSE) for its wholly-owned Blende lead- zinc-silver-germanium property located in the Yukon. The company has drilled to a depth of almost 700 ft….
News
WAMIC social evening
The Women’s Association of the Mining Industry of Canada is planning an All-School Reunion for Sept 23 at the old Mining Building at the University of Toronto, College and McCaul Sts., from 6 to 8.30 …
Montreal Exchange New Cambior mine
Quiet trading days prevail on the market where investors seem unable to make up their minds on what the future holds for the economy in general and interest rates and inflation in particular. The tren…
Spot prices at a glance (August 29, 1988)
Week’s Price (US) Change Gold (per oz) $432.10 + $ 3.10 Silver (per oz) $ 6.73 Platinum (per oz) $547.00 + $17.00 Copper (per lb) $ 1. $ 0….
Shareholders shuffle Gordex directors, await Cambior deal
Some financial and technical muscle has been added to the board of directors of Gordex Minerals (TSE) of Saint John, N.B., after shareholders voted to replace four existing directors. The company coul…
News in Brief (August 29, 1988)
Hudson-Yukon Mining Co. Ltd. has merged by amalgamation into All-North Resources Ltd.. Shareholders of All-North Resources will receive one-new-share for each old share; holders of Hudson-Yukon Mining…
Starrex earnings
Earnings for the second quarter ended June 30, totalled $1.1 million or 27 cents per share Starrex Mining Corp (TSE) reports. For the six- month period, profit totalled $1.29 million. Earnings were d…
Drilling Planned for B.C. Silver Project
After uncovering high grade silver during their recent Phase I exploration program, 50/50 joint venture partners Schellex Gold (VSE) and Harrisburg- Dayton Resource Corp. (VSE) say a 4000-ft diamond d…
PRODUCER PRICES (August 29, 1988)
ALUMINUM: MW U.S. Market $1.24-$1.28 per lb. (Aug 11, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.90-$6.05 per lb. (Aug 4, 1988). CADMIUM: New Yor…
Vancouver Stock Exchange Low volume, higher interst rates
The VSE market churned its way on very low volume through yet another quiet week. The most noteworthy event was the VSE Index dropping below the psychological 1000 mark, but this wasn’t enough to get …
Belore to earn 50% of United Reef bet
Toronto-based Belore Mines (ASE) has agreed to earn a 50% interest in United Reef Petroleums’ (TSE) Meat Cove deposit, the company said recently. Located on Northern Cape Breton Island, N.S., the zinc…
Miner shortage in Timmins area
A $1.2-million hard-rock miner training program, designed to train up to 220 miners in Northern Ontario in the coming year, doesn’t do enough to address the miner shortage in Timmins, says the general…