Augmitto financing
Private placements totalling $8 million have been completed by Augmitto Explorations (TSE). The company placed three million Class A special shares at $1.80 per share with European investors. Another …
News
Editorial Platinum coin a spur to exploration
On the face of it, the Royal Canadian Mint’s recent decision to add platinum Maple Leaf and silver Maple Leaf coins to its already highly-successful Maple Leaf investment-vehicle gold coins, seems fai…
Sharp increase in quarterly profit for Noranda Inc.
Earnings for Noranda Inc. (TSE) continue to sparkle. The resources giant recorded a second-quarter net income of $186 million on total revenue of $2.3 billion, compared with $103 million on revenue of…
Santana to test airborne gas detector over Nevada
Explorationists may soon have at their disposal a powerful new method of remotely detecting mineral deposits. The instrumentation is being developed by Skyborne Exploration Canada, which is 51%- held …
Underground program for Tully project Frankfield-Intex
A follow-up development program, expected to cost upwards of $3 million, is getting under way at the Tully Twp. gold property of Frankfield Explorations (ASE) (36.4%) and Intex Mining (ASE) (63.6%) in…
Bralorne gold property nears feasibility stage
A $3.1-million exploration program aimed at advancing the Bralorne gold mine property of Golden North Resource Corp. (TSE) and Imperial Metals (TSE) to the production feasibility stage by year-end is …
News inBrief (July 25, 1988)
Triple M Mining Corp. has changed its name to S. E. Storage Express (International) Ltd. (sxe:vse) on a share-for-share basis.
Lord River reports encouraging assays from Nevada bet
Assays of up to 0.161 oz gold per ton over 35 ft were recently reported by Lord River Gold Mines (VSE) from a Phase I drill program on the Trout Creek property located at the south end of the Carlin T…
$420 million (US) Cominco project Grade makes Red Dog viable
About 100 miles north of the Arctic Circle and just a short flight to Alaska’s border with the Soviet Union, Cominco Ltd. (TSE) is rapidly developing its Red Dog mine, the largest and richest zinc dis…
Metal Prices PRODUCER PRICES (July 25, 1988)
ALUMINUM: MW U.S. Market $1.22-$1.29 per lb. (July 7, 1988). ANTIMONY: New York dealer $0.95-$1.05 per lb. (July 7, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New Yo…
Thor to earn interest in Big Hurrah project
Calgary-based Thor Gold (ASE) has signed a letter of intent to earn a 70% interest in Golden Zone Developments’ (VSE) Big Hurrah project on the Seward Peninsula about 45 miles east of Nome, Alaska. Th…
Silver increase by Coeur d’Alene
A 20% increase in silver production is expected by Coeur d’Alene Mines in 1988, according to Dennis Wheeler, president and chief executive officer. Over-all production for the year is expected to be s…