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…
Articles by Northern Miner Staff
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…
Gordex heap-leach mine into commercial production
Gordex Minerals scored a Canadian gold mining first when it announced commercial production at its Cape Spencer claims northeast of Saint John, N.B. this week. The Cape Spencer project is Canada’s fir…
“Noranda-style” sulphides located at Aldermac project
The latest drill results from their Aldermac project in Beauchastel Twp., west of Rouyn-Noranda, Que., has created a flurry of excitement in the executive suites of both Nuinsco Resources and Seadrift…