Gerle Gold encouraged by drilling
Encouraging diamond drill results are reported by Gerle Gold at its McConnell Creek gold prospect 150 miles north of Smithers, B.C. All of the 16 holes drilled intersected the main shear zone over wid…
News
Australian parent seeks complete control of Pamour
Turned into a mining house with no direct gold production of its own, Pamour Inc. looks like it is about to be transformed completely into a holding company. Pamour’s Australian parent, Giant Resource…
Vitality of Canadian mining depends on flow through
The vitality of Canada’s exploration and mining industry depends heavily on the preservation of flow- through financing in a viable form. The tax reform measures announced by Finance Minister Michael …
Metal Prices FREE MARKET (February 22, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1440-1443 1429-1432 1390-1395 1384-1385 1350-1355 Lea…
Seminars at McGill on mining subjects
McGill University’s department of mining and metallurgical engineering will run three professional development seminars in April and May this year, the first of which will be held April 18-29, and wil…
Equinox uses Buckhorn profits to pay back costs in first year
The past year has been an exciting one for Equinox Resources. Cash flow from the Buckhorn mine enabled an 11- month payback on the company’s $1.7 million(US) acquisition cost. A gold discovery at Buck…
Metal Prices PRODUCER PRICES (February 22, 1988)
ALUMINUM: MW U.S. Market 92.00 cents -94.00 cents per lb. (Feb 4, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $5.10-$5.30 per lb. (Jan 28, 1988). CADM…
Editorial No more mules, anyway
The other day a large ad appeared in a major Canadian daily newspaper portraying a “prospector” (it was actually an ad for a computer firm) with all the usual visual cliches — a grizzled, bearded, ro…
Dickenson posts higher gains despite drop in gold output
Net earnings in 1987 for Dickenson Mines, which operates the Arthur W. White gold mine in northwestern Ontario, were $6.4 million (44 cents per share), compared with $4.59 million (39 cents per shar…
Beauchamps gets option
An option has been acquired by Beauchamps Exploration from Falconbridge Ltd. on a property located in Bourlamaque Twp. near Val d’Or, Que. Known as the Callahan property, the claims cover an 800-ft-wi…
H.W.I. arranges funding for Columbian gold mine
Alberta-listed H.W.I. Industries says it has entered an agreement with Ironwood Investments International of Vancouver to arrange a $700,000 bridge loan for work on a South American placer mine. Accor…
Vancouver Stock Exchange Blue chips draw away from pennies
Although volume in Vancouver is still quite respectable, trading ranges for stocks have been fairly narrow, with a few exceptions. Not surprisingly, last year’s market crash has made it difficult for …