Spot prices at a glance (December 05, 1988)
Week’s Price (US) Change Gold (per oz) $421.30 -$ 3.35 Silver (per oz) $ 6.07 -$ .04 Platinum (per oz) $602.00 -$34.00 Copper (per lb) $ 1.54 +$ .01 Lead…
1988
FINANCING (December 05, 1988)
VANCOUVER GBX Res. Corp. — gross proceeds rec $210,000. Moraga Res. Ltd. — gross proceeds rec $430,000. Simon Fraser Res. Ltd. — gross proceeds rec $175,000. Stonewall Res. Inc. — 300,000 sold for…
BHP-Utah backs out of Snow Lake deal
The Snow Lake gold property in Manitoba owned by Silver Hart Mines (VSE) and subsidiary Snow Lake Mines (VSE) won’t be optioned by BHP- Utah Mines after all. Although no reason was given for the decis…
Atlantic Report Explorations in Nova Scotia
Acadia Mineral Ventures of Toronto is exploring in southwestern Nova Scotia for gold-silver mineralization enriched in the axial zones of tightly folded anticlinal folds of the region. Acadia’s explor…
Editorial Free trade rumblings
Seismologists will be studying for years the earthquake that shook Eastern Canada recently. Measuring 6.2 on the Richter scale, the earthquake was the strongest on this side of the continent this cent…
CANMET conference
The Canadian Centre for Mineral and Energy Technology (CANMET) has issued a call for papers and has announced a conference for Nov 15-17, 1989 in Timmins, Ont., titled “conference on surface crown pil…
Record quarter for Coeur D’Alene Mines
Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…
Agnico-Eagle loss due to mine hoist
Mechanical difficulties at Agnico- Eagle Mines’ (TSE) Telbel mine near Joutel, Que., continues to have an impact on the company’s bottom line. As a result of lower gold production at the operation, Ag…
Book Review Oil prospecting
Walter Guppy has probably seen more of Vancouver Island than any other prospector alive today and he’s recounted his experiences in a paperback called WetCoast Ventures: mine finding on Vancouver Isla…
Ivanhoe makes private placement in War Eagle
A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…
New massive sulphide find on Rambler bet
Recent trenching has encountered a new high grade copper showing on the Rambler properties near Baie Verte, Nfld. The Rambler project, currently the site of a $3.8-million exploration program, is a jo…
Letters to the Editor Gold-Platinum deposits
Professor Jerry White states that gold and platinum can never be found in the same ore (N.M., Oct 17/88). I suggest Professor White do some research on the Coronation Hill gold-platinum deposit in Aus…