Gulf Intl. results
A drill program by Gulf International Minerals on the company’s McLymont claim group has cut 13 ft grading 0.82 oz gold per ton. Another hole assayed 7.7 oz of gold across 6.6 ft. The claim is located…
News
Breakwater financing
Breakwater Resources plans to raise $2 million via a private placement of flow-through common shares. The issue will be handled by Canarim Investment Corp. The proceeds of the issue will fund explorat…
Metal Briefs
The Royal Canadian Mint reports a dramatic increase in sales of the Gold Maple Leaf coin following the shakeout of world equity markets in mid-October. During the last two weeks of October, sales of t…
Atlantic Report NovaGold going to bulk sample
Approval has been received by NovaGold Resources to proceed with a bulk sampling program at its Fifteen Mile Stream gold property in Halifax Cty., N.S. The company reports a 20,000- ton bulk sample wi…
Fargo, Brenda reach agreement on kaolin project
An agreement has been finalized by Fargo Resources and Brenda Mines covering the Lang Bay kaolin property at Powell River, B.C. Brenda, a member of the Noranda group, may earn a 50% interest in the pr…
Kerr announces 9-month earnings of $17.9 million
Net income for the first nine months of the year was $17.9 million ($1.03 per share) compared with $2.3 million (13 cents per share) for the same period last year, Kerr Addison Mines reports. The com…
St. Genevieve earmarks $6 million to sink new shaft
A total of $6 million has been set aside by St Genevieve Resources to sink an exploration shaft and do lateral exploration work on the company’s 12-claim Fourax property in Fourniere Twp., near Malart…
Eastfield, Lornex reach agreement
An agreement has been reached between Eastfield Resources and Lornex Mining whereby the latter may earn a 51% interest in Eastfield’s Beekeeper claims by spending $300,000 by Dec 31, 1989. The Beekeep…
Westmin development work geared towards production
The $4-million pre-development program at Westmin Resources’ Silbak and Big Missouri properties near Stewart, B.C., is progressing satisfactorily towards a positive production decision by year-end. Ro…
Metal Prices PRODUCER PRICES (November 16, 1987)
ALUMINUM: MW U.S. Market 82.75 cents -84.50 cents per lb. (Oct 29, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.90-$5.00 per lb. (Oct 22, 1987). CAD…
Pacific Minesearch drills U.S. bet
Encouraged by results at its Howie gold property near Charlotte, N.C., Pacific Minesearch is continuing a 15,000-ft diamond drilling program. In a joint venture with Cominco America, the company will …
McAdam confirms three zones at McWatters gold property
Having survived the recent stock market debacle with its share price relatively intact, McAdam Resources of Toronto recently released an update on its exploration properties. At press time, the McAdam…