Brokerage firm finance Fury to production
A major London brokerage firm has agreed to finance Fury Explorations’ Grantsville property to production. The value of recoverable silver from the modest heap leach project is said to compare favorab…
Articles by Northern Miner Staff
COATS Trading Features (March 30, 1987)
Clavos Porcupine Mines continued to advance, closing at 43 cents -48 cents . The company holds a 27.5% net profits interest in a gold property being worked by Canamax Resources. Located northeast of T…
Correction (March 30, 1987)
In the March 16th issue we erroneously said that mining contractor Patrick Harrison was honored at the Operator’s Conference in Elliot Lake last month. That report should have said J. C. MacIsaac, not…
Sullivan has loss, blames placer mine
Problems at the Valdez Creek placer mine in Alaska are being cited as the primary reasons behind the 1986 loss at Sullivan Mines. Sullivan and partners have experienced higher operating costs, delays …
Report from Calgary Naneco plans heap leaching
Naneco Resources, as a result of 1986 exploration and development programs, is planning for commercial production from two heap- leach gold properties in the United States. An extensive infill and dev…
METAL PRICES FUTURES PRICES N.Y. Commodity Exchange
Week’s High Low Close Change COPPER (in US cents per lb.) March 64.70 64.45 64.40 + 0.95 May 65.20 64.70 64.70 + 1.10 July 64.40 63.85 63.90 …
Pundata reports elevated values
Elevated gold values in 46 of 57 samples taken from property in Nevada have been announced by Pundata Gold Corp. The best assay shows 2.38 oz gold per ton, 3.53 oz silver, 0.128 oz platinum and 0.228 …
Saskatoon meeting
An international symposium on crystallization and precipitation, ISCAP ’87, will take place in Saskatoon, Sask., Oct 5-7. Organized by the hydrometallurgy section of the Canadian Institute of Mining a…
Editorial Uranium and B.C. bureaucrats don’t mix
If ignorance is bliss, then the bureaucrats who rule Lotus Land are blissful indeed. British Columbian bureaucrats, who have let a seven-year uranium exploration and mining moratorium to expire in Feb…
Alberta Stock Exchange Shabu looking shaky
One of the highest flyers on Alberta during the past month has been Shabu Gold Mines. The issue, which came out at 35 cents in February, soared past $11 today. Unbelievable as it may sound, Shabu’s o…
Production dates set at Cargo and Kirkland
Production from the 200,000-ton bulk heap leach test at the Cargo Muchacho project in southern California is expected to start mid- March, says President H. Lutz Klingmann. Approximately 10,000 ft of …
Bitech, Greenstone reach agreement
Bitech Energy Resources and Greenstone Resources have signed a letter of agreement whereby Bitech can earn half of Greenstone’s undivided 75% interest in the Tache property located in McKenzie Twp. in…