Montreal Exchange Heavy trading in Abitibi
Volume leader on the Montreal Exchange this week was Abitibi Metals Mines. It was heavily traded with 1,444,100 shares changing hands. Abitibi closed at 22 cents for a gain of 3 cents or 16% on the …
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Metal Prices PRODUCER PRICES (January 25, 1988)
ALUMINUM: MW U.S. Market 89.00 cents -91.00 cents per lb. (Jan 7, 1988). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CADM…
Vancouver breaks all records despite market volatility in ’87
It was a year of highs and lows for investors on Vancouver’s Stock Exchange. The vse set new records in nearly all areas of its trading activity in 1987, but ended the year reeling from the impact of …
Cream Silver drilling Buttle Lake after government lifts
After a 14-year moratorium, Cream Silver Mines is exploring its Buttle Lake polymetallic deposit near Westmin Resources’ mine on Vancouver Island. The 166 mineral claims are located about two miles so…
Sulphates and hematite found in major gold deposits
A notable feature of rocks of Archean age is an absence of oxygenated minerals, such as sulphates and hematite, reflecting a lack of atmospheric oxygen at that time. In the Witwatersrand placers this …
Diepdaume plans bulk sample test
Having recently opened a 600- ton-per-day custom mill in the Timmins, Ont., area, Diepdaume Mines is looking at a possible production decision this year for its Preston East Dome gold project. Preside…
Metal Prices FREE MARKET (January 25, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 19 Jan. 18 Jan. 15 Jan. 14 Jan. 13 Copper 1457-1462 1515-1520 1490-1495 1355-1360 1458-1462 Lea…
Aber, Hemisphere drill rich sulphides
Partners Aber Resources and Hemisphere Development could have their teeth into an important base and precious metals deposit in the Northwest Territories. Shared equally between both companies, the Su…
Ateba uncovers new showing south of Orion at Beardmore
Further encouragement that Ateba Mines has made a significant new gold discovery in McComber Twp. east of Beardmore, Ont., has been reported by General Manager Stephen Wilkinson. Samples have been tak…
Ontario may compensate for loss of flow-through
The Ontario government will be pressuring the federal Finance Department to rescind its plan to weaken flow-through share financing for mineral exploration, the province’s mines minister has announced…
Vancouver Stock Exchange Stallion is among active traders
The once powerful U.S. dollar, which has been free-falling for months, continues to have a negative impact on stock markets including Vancouver. By presstime the vse index was off a dozen points to 1,…
McAdam updates reserves at its McWatters gold bet
An updated gold reserve figure of 910,869 tons at a grade of 0.189 oz gold per ton is reported by McAdam Resources, at its McWatters project near Noranda, Que. President John McAdam says surface drill…