Nortek gets option on Shenandoah play
Nortek Minerals has acquired an option on a gold property south of Kirkland Lake, Ont. The company has the right to earn a 50% interest in the claims by spending $1 million on exploration. The 3,000-a…
Articles by Northern Miner Staff
Metal Prices FREE MARKET London Metal Exchange (August 24, 1987)
Spot closing prices in Pound Sterling per tonne Copper 1103-1104 1112-1113 1098-1099 1104-1105 1125-1126 Lead 413-414 424-425 421-424 419-420 424.5-425 Zinc 492-494 506.5-507 506-508…
Queries Lansdowne, Beaver Creek to merge
(Set 8 and 1/2 pt. on 10 times italic across TWO columns) Have you heard anything about the merger of Vancouver-based Lansdowne Oil and Minerals and Beaver Creek Goldfields of Montreal? I hear Beave…
Overseas Platinum acquires interest in GUYANA gold bet
Overseas Platinum recently acquired the right to earn a 76% interest in a large gold property in the Republic of Guyana. The 354-acre mining lease covers the Hick’s vein, which was explored by Cominco…
Messeguay joins in search for Cape Smith platinum
A third partner has joined the Delta platinum project in northern Quebec. Messeguay Mines has signed an agreement with Oasis Resources and Falconbridge Ltd. that allows it to acquire a 15% interest in…
Metal Prices PRODUCER PRICES (August 24, 1987)
ALUMINUM: MW U.S. Market 81.50cents-82.00cents per lb. (Aug 13,1987). ANTIMONY: New York dealer $1.10-$1.15 per lb. (Aug 13, 1987). BISMUTH: New York dealer $4.50-$4.80 per lb. (Aug 13, 1987). CADMIUM…
Six-month output at Summitville totals 24,000 oz
Production of 24,000 oz gold has been announced by Galactic Resources from its Summitville mine during the first six months of 1987. The mine, which began heap-leaching operations in June, 1986, produ…
Two drill rigs on Perrex bet
Two diamond drill rigs will start drilling in early September on the northeastern Ontario Iris Gold claims of Perrex Resources, the company reports. President Alex Perron says stripping, trenching and…
Dolly Varden reactivating famed B.C. silver camp
An adit is expected to be collared by Dolly Varden Minerals at its Alice Arm, B.C. silver property by month-end. In doing so, the company will be reactivating one of B.C.’s most famous silver mining c…
Cove renegotiates flow-through funding
Cove Energy Corp. says it has renegotiated a flow-through share financing with First Exploration Fund 1987 and Co., Ltd. Partnership, doubling the amount of the original funding. President Richard McR…
$4m program is planned
Encouraged by the sharp upturn in silver prices from last year’s average year low of $5.47(US) per ounce, Silver Century Explorations is gearing for a major $4 million underground exploration program …
Tasu to earn interest in Alder Gulch bet
United Reef Petroleums has reached an agreement with vse- listed Tasu Resources to develop the Spring Gulch placer on its newly acquired Alder Gulch property in Montana. First staked in the 1860s, the…