X-Cal drilling (May 18, 1987)
A percussion drilling program is planned to start this month, X-Cal Resources says. The work will be performed on the company’s Tyax property in the Bridge River- Bralorne area of B.C. Previous work o…
Articles by Northern Miner Staff
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (May 18, 1987)
Date May 12 May 11 May 8 May 7 May 6 Gold London Bullion Dealers afternoon (morning) $US per oz. 460.70(460.25) 453.00(454.75) 453.00(456.70) 456.25(457.40) 456.25(456.7…
People (May 18, 1987)
energy mines & resources canada — Dr D. J. Tempelman- Kluit appointed director of the Cordilleran and Pacific Margin division of the Geological Survey of Canada.
Editorial Respect for Placer, Dome, Campbell
Almost since its incorporation way back in 1912, the Dome mine at Timmins has been dubbed the Big Dome. But we venture to say that its founders, who certainly did not lack foresight and guts, could ha…
Reserve inventory set for Quartz net project
A reserve inventory has been calculated by Wright Engineers for Quartz Mountain Gold’s 10,000-acre gold property in southern Oregon. Using a 0.01 oz cutoff grade, reserves now stand at 128.6 million t…
Sands to drill Ore Chimney bet
A 5,000-ft drilling program has started on the Ore Chimney mine property in Barrie Twp., Ont. Vancouver-listed Sands Minerals Corp. arranged for $150,000 in flow-through funding through tap Mineral Ex…
Toronto Stock Exchange Steady gold price behind directionless
A bout of sloppy trading was evident on the exchange this week as gold prices steadied at $458(US) per oz after repeated stabs through the $460 level. The directionless trading and minor profit takin…
Conwest to issue convertible debentures
Conwest Exploration recently entered into a “bought deal” underwriting agreement with McLeod Young Weir, Merrill Lynch Canada and Dominion Securities. Under the agreement, the underwriters will purcha…
Base-metal prices on move upwards
Is the rise in precious metal prices having a positive effect on base metals? Copper, which sold for an average price in 1986 of 62 cents (US) per lb, is currently over the 70 cents mark; lead, with …
Reorganziation for Kennedy?
Could you please furnish me with an update on Kennedy Resources Inc. They did not renew their listing a few years back and were associated with Consolidated Cinola Mines, before they changed to City R…
COATS Trading Features (May 18, 1987)
Belleterre Quebec Mines and Boston Bay Mines were both better this week, up to 60-65 cents and $3.50-$4 respectively. Belleterre owns 40% of Boston Bay which owns the property where TSE-listed Madele…
Goldpost expects to raise $4.4 million
Share prices of Toronto-listed Goldpost Resources jumped from $1.60 to a new high of $2.75 last week, one week before the company’s Class B warrants become due. Asked for an explanation at the company…