Coleraine reserves
Possible reserves of 1.5 million tonnes chromite grading 4.5% CR(2)O(3) have been announced by Coleraine Exploration (ME) for its Coleraine property near Thetford Mines, Que. A $750,000 exploration pr…
News
Campbell has second half loss
A loss of $513,000 was realized by Campbell Resources (TSE) for the first half of this year. This compares to a profit of $421,000 for the same period last year. The red ink comes from a loss of $211,…
Books (September 12, 1988)
A report entitled Field inventory of mineral resources, Goshute Indian Reservation, Nevada and Utah is available for public inspection at the Nevada Bureau of Mines and Geology. The report may be insp…
Metals Page High prices provide the fuel for intensive global gold
“Gold is the key, whatever else we try, and that sweet metal helps the winner in each case, with love as well as war.” These words were written by Moliere 326 years ago. Mining for gold really is digg…
Borealis to place Fat Lake assets into new subsidiary
Calgary-based Borealis Exploration (ASE) says it plans to form a new subsidiary before bringing its Fat Lake gold project into production next year. To be named Borealis Fat Lake Mine Ltd., the new en…
Black Hawk deal
Black Hawk Mining Inc. (TSE) has entered into an agreement with Lodi Metals (VSE) which gives Black Hawk the right to earn a 55% interest in Lodi’s graphite property near Smith Falls, Ont. Black Hawk …
Yukon busy at ex-producer in Slocan mining district
Exploration of the old underground workings at Yukon Minerals’ (ASE) Senator gold/silver claims near Slocan, B.C. is scheduled to begin almost immediately, the company said recently. Located 8 km sout…
Continuity confirmed at depth: Mimiska
Additional drilling results have been reported by Mimiska Mining (ME) from its wholly-owned Fern Elizabeth gold property in northwestern Quebec. The company says the latest results confirm the continu…
High grade gold on Roxy zone
Drilling is continuing on the Roxy zone where several drill holes have intersected high grade gold values across wide widths, Golden Rule Resources (TSE) says. Operated by Saskatchewan Mining Developm…
Editor’s note
I have subscribed to your paper for more than 25 years and have always eagerly read it, but was I ever astounded and disgusted to see in your Aug 15th issue the sole “Letter to the Editor” headed `Mad…
MacDonald Mines regains shares in Gallen mine
A group of shareholders representing more than 10% of the issued shares of COATS-listed MacDonald Mines is trying to breathe new life into the mining company. At a recent meeting in Montreal, the comp…
Metal Prices (September 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 30 Aug 29 Aug 26 Aug 25 Aug 24 Copper 1392-1394 N/A 1398-1399 1396-1398 1378-13…