Editorial Risky business
Mining is a risky business, right? And the men (or women) who are the leaders and the risk-takers are frequently under a lot of pressure as they weigh the various factors involved in finding and devel…
News
Inco takes low key approach to Seven Mile High discovery
The exploration department at Inco Gold is calling it a good exploration bet which it plans to follow up on. But results from a small group of claims located just 10 miles south of Penticton, B.C., su…
Metal Prices PRODUCER PRICES (August 01, 1988)
ALUMINUM: MW U.S. Market $1.21-$1.26 per lb. (July 21, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Low inventories help keep nickel high
Assuming the demand for nickel remains strong for the remainder of this year and well into 1989, and that the catching-up process by producers has some way to run until supply overtakes demand, intern…
Anyox interests widespread in exploration and production
In addition to an interest in four producing mines Anyox Metals (ASE), a junior mining-exploration- development company in the J. P. Sheridan fold, will be working on as many as 20 properties this yea…
Cambior eyes Gordex’s new Maritime gold zone
In a small, modern office on Union Street in the downtown core here, Morton Gordon, chairman of Gordex Minerals (TSE) (and six other publicly- listed gold exploration companies), recounts his earlier …
Agnico-Hecla
Agnico-Eagle Mines (TSE) and Hecla Mining of Coeur d’Alene, Idaho, announced that, subject to approval of their boards of directors, the companies will form a joint association for exploration of prec…
News in Brief (August 01, 1988)
Simicom 1988 and Company Limited and Partnership has entered into an agreement with Madeleine Mines (TSE) to provide the company with $500,000 in financing for the 1988 exploration season. The partner…
Metal Prices FUTURES PRICES (August 01, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug — — 96.00 — 3.15 Sep 97.65 92.80 94…
Montreal Exchange (August 01, 1988)
Orex drilling results Not a good week for resource issues, the mining and minerals index on the Montreal Exchange tumbled by more than 93 pts during our report period. (The general market portfolio in…
Alberta Stock Exchange Octan gains ground (August 01, 1988)
The name Octan Resources isn’t one which has caused much attention during recent trading sessions on the Alberta Exchange. But in an atmosphere of general lethargy, Octan led the way by posting a 44 c…
Encouraging results reported by Orex at Onitap property
A drill core sample from the Goldboro property in Nova Scotia assayed 1.42 oz gold per ton (uncut) over 25 ft, Orex Exploration (ME) reports. Orex may earn a 50% interest in the property from Onitap R…