Scrap steel study updated
Tendencies outlined five years ago in a study on scrap and the steel industry have materialized at a faster rate than expected, says the International Iron and Steel Institute. The institute recently …
News
Aber, Hemisphere have 2 drills on Sunrise property
Drilling results 70 km northeast of Yellowknife, N.W.T., have been encouraging enough for Aber Resources and Hemisphere Development Corp. to change the name of their jointly owned property from Sunset…
Pacific buys Telesis’ share of Gordon Lake gold project
Alberta-listed Pacific Trans- Ocean Resources has agreed to buy the remaining interest held by Telesis Corporation in the Gordon Lake project, the company announced recently. Upon completion, Pacific …
Flint Rock sinks six holes at Shabu
Six holes have now been put down by Flint Rock Mines on its leased Shabu Lake gold property, 43 miles east of Red Lake in northwestern Ontario. All intersected the main vein, with appreciable visible …
Correction (January 11, 1988)
Drilling commissioned by Tamavack Resources and International Maple Leaf Resource Corp. on a Moss Twp. property in northwestern Ontario intersected 4.9 ft assaying 1.6 oz gold per ton. Incorrect core …
FUTURES PRICES (January 11, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 140.00 130.50 140.00 + 3.65 Mar 123.00 117.30 122.90 — 0.10 May …
Noramco a producer after merger
Following the completion of an amalgamation between Noramco Mining Corp. and affiliate companies Highland-Crow Resources and Emerald Lake Resources, effective Jan 1, Noramco will be exposed to gold pr…
Follow-up drilling
Sillimanite mineralization at both Clarendon and Otter Creek in Ontario has been mapped at 1:2500; a co-operative follow-up drilling program with the Tweed office of Ontario’s ministry of northern dev…
Skyline heads for production at Johnny Mountain gold mine
The Johnny Mountain gold mine of Skyline Resources is heading for production starting in the second quarter of 1988. The mine is located on a portion of Skyline’s Reg claims which cover approximately …
California Gold step closer to production
Pegasus Gold has completed an initial evaluation of the Zaca property in California, currently held by California Gold Mines of Vancouver. Under the terms of a memorandum of understanding with Califor…
Toronto Stock Exchange New Year ushered in with three-day rally
The New Year is being ushered in with a three-day rally which has added more than 103 pts to the tse composite index. Today, the index picked up 25.29 pts to close at 3,263.3 pts. Market players are k…
Metals trader Deak tries to win producer status
New York-based metals trader Deak International Inc. is gearing up for a two-pronged attempt to become a producing mining company. After amalgamating wholly- owned subsidiary Deak Ariadne, with Canadi…