Metal snips (July 20, 1987)
Diamond sales during the first six months of 1987 were 28% above sales for the same period last year, the Central Selling Organization of De Beers Consolidated Mines reports. Sales of rough stones tot…
Articles by Northern Miner Staff
Drilling confirms gold structure
The first phase of a drilling campaign undertaken by Essor Exploration on the Aiguebelle property in northwestern Quebec has detected a gold-bearing structure, President Guy Morissette reports. Essor …
Jascan to drill Cobalt silver bet
Some encouraging results have been received from Toronto-based Jascan Resources’ underground exploration program at its 70%- owned Pansilver joint venture project in Cobalt, Ont. According to Presiden…
Editorial Free trade deal runs treacherous waters
Evidently believing he sees the writing on the wall, federal Liberal leader John Turner calls on the Canadian government under Prime Minister Brian Mulroney to quit the free trade talks with the U.S.,…
METAL MARKETS Base metals to pump industry profits
Base metal prices will on average be some 25% higher next year than in 1986, boosting mining industry profits substantially in North America, the latest Metals Analysis and Outlook publication from Lo…
PRODUCER PRICES (July 20, 1987)
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (July 1, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (June 25, 1987). BISMUTH: New York dealer $3.25-$3.40 per lb. (June 25, 1987). C…
Hidden Lake
An agreement under which it would acquire a 62.5% controlling interest in Hidden Lake Gold Mines has been reported by Ardic Exploration and Development, a private company based in New York. Ardic hold…
Ste Genevieve in option deal with Stratmin
A deal has been struck among Ste. Genevieve Resources, Stratmin Inc. and 2438-8456 Quebec Inc. whereby Ste. Genevieve and Stratmin have acquired the numbered company’s option on the Courville gold pro…
Most complete ever U.S. mining show
The American Mining Congress says the most complete mining show ever held in the U.S., will be staged April 24-28 next year, at Chicago’s McCormick Place. For the first time, MINExpo International ’88…
La Fosse Platinum all ready to go
While requiring what seems like an inordinately long time to obtain all necessary regulatory approvals for the public financing of La Fosse Platinum Group Inc., expectations are that the final approva…
Montreal Exchange Sullivan active
Several upbeat trends conspired to once again give an impressive lift to trading on the Montreal Exchange, including rising commodity prices, especially in base metals, signals of rising profit pictur…
SMDC drops option on Share prospect
Share Mines and Oils says it has been advised by the Saskatchewan Mining and Development Corp. (smdc) that smdc is discontinuing exploration work on the Hamson Lake, Sask., base and precious metals pr…