Nevada Goldfields’ Aurora mine small, profitable
It took only 72 days and $5.2 million(US) to bring the Aurora mine of Nevada Goldfields (VSE) into production in 1987 — and that capital should be recovered in just over a year. The small open pit mi…
News
METAL PRICES FUTURES PRICES (October 24, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Oct 138.00 135.00 138.00 + 8.50 Dec 128.30 122.70 127.80 + 7.70 Mar 113.00 108.40 112.50 …
FINANCING (October 24, 1988)
VANCOUVER Shoshoni Gold — gross proceeds rec $250,000. Sierra Madre — 400,000 sold for gross $168,000. Marian Minerals — 700,000 sold for gross $245,000. Wirlwind Res — proceeds rec $105,000. Nava…
Spot prices at a glance (October 24, 1988)
Week’s Price (US) Change Gold (per oz) $410.80 + $6.10 Silver (per oz) $6.32 + $0.06 Platinum (per oz)$539.00 + $22.00 Copper (per lb) $1.37 + $0.10 Lead (per lb) $0.29 -…
Atlantic Report Seabright ceases work on Caribou
Westfield Minerals (TSE) of Toronto has completed an additional 4,000 ft of diamond drilling on the Little River property in Newfoundland. Westfield and its joint venture partner Anglo-Dominion Gold E…
Montreal Exchange Market turns upward
Investors in a buying mood helped propel the ME this holiday- shortened week to higher levels, with the market portfolio jumping almost 50 pts and the mining and minerals index climbing more than 34 p…
U of T social night
The annual University of Toronto Social Night is scheduled for Oct 27. A popular event in past years, this year’s evening will highlight Herman Derbuch, director of mining for Noranda Minerals, who wi…
Esperanza drill program at Tillicum indicates bulk tonnage
A major drill program on the East Ridge zone at Esperanza Explorations’ (VSE) Tillicum Mountain gold property has added an important bulk tonnage dimension to the project. Until recently, reserves wer…
Seabright feasibility
A preliminary feasibility study is being completed by Seabright Explorations (TSE) on the company’s Touquoy gold property in Nova Scotia. A 20,000-ton bulk sample is also being mined which will be pro…
Reserve Estimate Being Compiled For Colony’s Blue Moon Project
A detailed ore reserve estimate is being compiled by the mining consulting firm of Derry, Michener, Booth and Wahl on the Blue Moon polymetallic deposit in California, owned 100% by Colony Pacific Exp…
Glen Auden grabs yield high grade
Several high grade gold showings have been discovered by Glen Auden Resources (TSE) on the company’s Sewell-Reeves property near Timmins, Ont. Channel samples across a 3.3-ft width yielded assays up t…
Roddy Res. getting Bighorn into shape
Plans to put the Bighorn project in Arizona back on track are progressing slowly but steadily, says Roddy Resources President Steven Harapiak. “We’re methodically clearing out the problems,” at the he…