Zone discovered
Drilling by Yorbeau Resources has led to the discovery of a new mineralized zone on the company’s Astoria property south of Rouyn, Que. The new zone, known as the Aw, has been intersected by 11 holes …
Articles by Northern Miner Staff
Brighter picture for Campbell Res
A net income of $875,000 has been reported by Campbell Resources of Toront for the 6-month period ending Dec 31. The company, which had a net loss of $16 million for fiscal 1986, has show a profit for…
COATS Trading Features (April 20, 1987)
Several issues have reacted to the rapidly improving gold market. Card Lake Resources, which is busy with a promising gold play in Harker Twp., north of Kirkland Lake, Ont., has completed a $500,000 f…
FUTURES PRICES N.Y. Mercantile Exchange
High Low Close Week’s Change PLATINUM (in US$ per oz.) May — — 605.60 — June 605.00 605.00 606.70 — July 609.40 594.00 607.70 +35.50…
Metal Prices FREE MARKET London Metal Exchange (April 20, 1987)
Spot closing prices in Pound Sterling per tonne Date April 14 April 13 April 10 April 9 April 8 Copper 914-915 914-914.5 918-919 917-918 914-915 Lead 329-330 332-333 320.5-321.5 322-322.5 …
Average yield (April 20, 1987)
The average stock yield on mining stocks on the tse as compiled by Moss, Lawson & Co. on prices of March 20 were down 0.07% from the previous week to 1.28%. Last month this group yeilded 1.52%. One ye…
Sunmist acquires exploration properties
Sunmist Energy ’86 has acquired 53 claims in Brackin Twp., Ont. The claims are held under option by Canreos Minerals which has the right to earn a 60% interest in the ground by spending $300,000 on ex…
New zone found at Cannon mine
An extension to the B North ore body of the Cannon mine at Wenatchee, Wash. has been discovered, reports Asamera Inc. The new zone, called the B-4, ext ends to the west and north of the B North, whic…
News in Brief (April 20, 1987)
Augustus Resources has changed its name to Croesus Resources on a 1-new-for-2-old share basis.
Zahavy to buy Getty’s interest in Favourable Lake
Alberta-listed Zahavy Resources has exercised its right of first refusal and has decided to purchase Getty Resources’ 50% interest in the Favourable Lake joint venture property located north of Red La…
Plexus financing (April 20, 1987)
An $11-million equity offering is being planned by Plexus Resources, the company says. The financing will follow upon the completion of contracts being prepared between the company and Kennecott which…
Program growing
The Nickel Development Institute is expanding its engineering workshop program. A numer of workshops were conducted in the southern U.S. during the first half of this month and more are scheduled else…