Placements raise $7m for Galveston
Two agreements with NIM and Co., Ltd. Partnership — 1987, dealing with private placements of common shares on a flow-through basis, have been closed by Galveston Resources. The agreements provide for…
Articles by Northern Miner Staff
Canadian Gold raises $1 million for programs
Canadian Gold Resources reports it has raised $1 million for exploration programs on several Ontario properties. According to President Gordon Leliever, $500,000 secured from Colray Resources will be …
Inco Sudbury mine technological triumph
Inco Ltd. has shipped the first train load of nickel-copper ore from its newly-reopened Crean Hill mine at Sudbury, Ont. The reactivated mine is being made all-electric and will be one of the most tec…
Significant widths on Nova Scotia bet
Shallow drilling from surface, financed by Alberta-listed Greenstrike Gold Corp. has intersected significant widths of ore grade gold mineralization on a property in Halifax Cty., N.S. Preliminary dri…
COMMODITY FUTURES PRICES N.Y. Commodity Exchange
Week’s High Low Close Change COPPER (in US cents per lb.) May 68.60 67.65 68.00 + 3.10 July 67.65 66.60 66.95 + 2.75 Sept. 66.85 66….
Cominco to investigate wollastonite property
Minerals play a key role in advanced industrial materials such as polymer-based composites and advanced ceramics. And Cominco Ltd. is planning to capitalize on the potential for mining these minerals….
Master signs deal to explore Hunter gold mine in Timmins
The gold discovery that started it all in the Timmins-Porcupine camp in 1908 — the old Hunter Gold mine — could come to life again. Eric Davis, chief executive officer of coats-listed Wabigoon Resou…
Metal Prices FREE MARKET London Metal Exchange (May 18, 1987)
Spot closing prices in Pound Sterling per tonne Date May 12 May 11 May 8 May 7 May 6 Copper 909-910 918-920 860-908 892-893 876-877 Lead 409-413 419-421 …
New mill, gold mine are planned by Lac
A new mill for Kirkland Lake and a decision to develop Bousquet No 2 mine in northwestern Quebec have been announced by Lac Minerals. The $13-million mill, to process ore from Lac’s Macassa operation …
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…
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.