Tight market foreseen for platinum
An announcement by automaker Ford in the United States that it is developing a catalytic converter for motor vehicle emission control which doesn’t require platinum recently sent the market into a tiz…
1988
Esso to spend $1 million at Springhill
Esso Resources Canada, a wholly- owned subsidiary of Imperial Oil, is planning to spend $1 million on exploration to assess some coal deposits near Springhill, N.S. The program will include field mapp…
Mexican copper showings, mexican buses and mexican blondes
In 1975 I was cruising around the State of Guerrero, Mexico looking at showings and my travels took me through Chilpancingo, the capital of that state. I looked up a man whose first name was Francisco…
U.S. REPORT Northern Dynasty producing from underground/heap leach
As operator and 43%-owner of the Little Bald Mountain mine in Nevada, Northern Dynasty Explorations (TSE) is expecting to produce 7,000 oz of gold during the 1988 season from the combined underground/…
Lenders balk at Sceptre bid to acquire ailing Oakwood
Calgary-based Sceptre Resources (TSE) is still waiting for approval from a number of creditors before going ahead with its plan to acquire the assets of debt ridden Oakwood Petroleums (TSE) Sceptre mu…
U.S. REPORT Tri-Valley bulk sampling Alaskan gold property
By year-end, Tri-Valley Corp. expects to pour gold from one of the lode prospects on its Richardson, Alaska project. The California- based public company is carrying out a phased plan to bulk sample u…
Golden Dragon Res. options Matheson area gold property
A 25-claim gold property in Bond Twp., near Matheson, Ont., has been acquired by Golden Dragon Resources (VSE). The property covers the western extension of a fault zone which extends from the Harker-…
Books Premise examined
The Centre for Resource Studies examines the wide-held premise that “more remote” means “less economic” for mineral exploration and development. The economic analysis and comparison of mining potentia…
John Hansuld – 1988’s Mining Man of the Year
In an industry where the brightest geologists often go unrewarded with even one major discovery, the development of a gold mine is considered an achievement not to be taken lightly. So when a junior r…
Nickel prices skyrocket while platinum plummets
An unusual double-peak in the current metals price cycle is being experienced by nickel, with the cash price of the metal at presstime hitting $9.16(US) per lb (with a 3- month price of $8.12) on the …
LAC banks proceeds from Stillwater sale
Proceeds of $48 million(C) accruing to LAC Minerals (TSE) from the sale of its one-third interest in the Stillwater platinum-palladium mine in Montana have not been earmarked for any particular corpor…
Pamorex placement raises $3.5 million
Shareholders of Pamorex Minerals (TSE) recently gave their approval, at a special meeting, to a private placement with Giant Yellowknife Mines (TSE) involving about 4.8 million shares at $0.726 per sh…