Joint venture for Valley View
Valley View Gold Mines (formerly Cornucopia Gold Mines) reports it has an agreement with East West Resources for a joint venture to develop the Clementine mine northwest of Phoenix, Ariz. Under the ag…
News
Correction (October 19, 1987)
A story concerning companies controlled by Murray Pezim, in our Oct 12 issue, mistakenly referred to an adit being driven on the Pacquet Harbour group of claims on the Baie Verte Peninsula, Nfld. The …
Parquet to raise $5 million to finance gold projects
Parquet Resources of Toronto will raise between $1.7 million and $5 million from a flow-though share issue to finance continuing work at the company’s gold properties in Val d’Or, Que. and Beardmore, …
Bateman Bay
Bateman Bay Mining reports it has raised $150,000 through a private placement, which will be used to provide working capital for company operations. The private placement covers acquisition by the inv…
Metal Prices FREE MARKET London Metal Exchange (October 19, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 13 Oct. 12 Oct.9 Oct. 8 Oct. 7 Copper 1199-1201 1202-1203 1185-1186 N/A 1169 -1170 Lead 369-371 367-36…
Planning success in Yellowknife to be used by Giant in Timmins
It is amazing what good planning can do for a mine. Thanks to a new ramp, being driven this year by Giant Yellowknife Mines (the operating arm of parent Pamour Inc.) to connect all levels in the big 1…
Stock dividends (October 19, 1987)
Associated Porcupine Mines has declared a stock dividend of one common share of Tanager Resources (formerly 716206 Ontario Ltd., a wholly-owned subsidiary of Associated Porcupine Mines, for each commo…
Cominco Res. pulls good hole at Buckhorn mine in Nevada
Following closely on the decision to develop its Maria copper deposit in Mexico, Cominco Resources International has released another good hole from its Buckhorn mine in Nevada. At this point the disc…
Montreal Exchange Cambior making plans
Taking its cue from the larger North American stock markets, the Montreal Exchange this holiday- shortened week went into a general nosedive. Trading in resource issues fared better, with the mining a…
Atlanta drilling completed in Idaho
A major drill program has been completed on a property held by Atlanta Gold in Idaho. The work involved 14,046 ft of reverse circulation drilling and 3,045 ft of diamond drilling which was designed to…
Belmoral boosting Canreos interest (October 19, 1987)
A private placement of shares and warrants will raise Belmoral Mines’ interest in Canreos Minerals (1980) from 14% to 39.6%. Under the agreement, Canreos will issue Belmoral two million shares at 80 c…
Cliff forsees February start for placer mine
Production is scheduled to begin in February at Cliff Resources’ Olinghouse placer gold mine in Nevada, the company reports. Cliff is forecasting a production rate of 25,000 oz gold per year; three ye…