Grandview to sell Carson Hill mine 1 col 16tr
Grandview Resources is considering the sale of its Carson Hill gold mine in California. Investment banking firm Bear, Stearns & Co. is providing financial advisory services for the possible sale. Seve…
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Results confirm platinum potential, Oasis says of Delta
Preliminary results from zone D-8 North, D-8 South and D-9 confirm the platinum potential of the Delta project in the Ungava region of northern Quebec, Oasis Resources says. The project, which covers …
Northway, Aur report encouraging results
Encouraging gold values have been intersected in the first two drill holes of an exploration campaign on the Bargold property in Barraute Twp., 30 miles north of Val d’Or, Que., Northway Explorations …
Too much emphasis on gold?
The mining industry’s heavy emphasis on gold is endangering the continuity of Canada’s base metals sector after the mid-1990s, warns the federal Department of Energy, Mines and Resources. “A projectio…
Further results due soon from Falconbridge find
Further drill results on Falconbridge Ltd.’s so-far impressive new base and precious metals discovery near Sudbury, Ont., should be available “within three weeks,” according to M. J. Knuckey, vice-pre…
Etruscan drills holes in Nevada
Five shallow drill holes have been completed on Etruscan Enterprises’ Gabel Canyon property in Nevada. A sulphide-rich near-surface zone has been found which the company believes could represent part …
Galactic to acquire control of All-North
Galactic Resources will acquire a 64% control position in All-North Resources. The agreement calls for All-North to acquire Galactic’s 96.04% equity interest in Hudson-Yukon Mining in exchange for the…
Metal Prices FREE MARKET London Metal Exchange (October 26, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Copper 1112-1115 1210-1211 N/A 1216-1217 1211-1213 Lead 370-372 364-365 N/A 365….
Barrick’s Carlin finds signal latest gold rush
North America doesn’t realize that the latest gold rush on this continent is only just beginning, remarked one of Canada’s most experienced mining financiers before a recent tour of Nevada’s Carlin go…
Editorial Mr. Pezim’s new bank
Until recently Canada’s banking industry exuded an image of ultra conservatism that, to some extent, was expected by the general public. Let’s face it, you wouldn’t want your friendly banker to arrive…
Depression of ’29 unlikely today, experts conclude
Most financial experts dismiss the worst-case scenario — that the market crash of Oct 19 will propel the world into a depression, as did the market crash of 1929. Although many of the imbalances of t…
Franco-Nevada will add to Carlin royalty portfolio
As a renowned poker player and would-be cowboy, Seymour Schulich has taken a gamble or two during frequent sojourns to the Silver State. But when it comes to running Franco Nevada Mining Corp., Mr Sch…