Argentex, Sholia in Saskatchewan play
Partners Sholia Resources and Argentex Resource Exploration have equally acquired the right to earn an 80% interest in a mineral claim located in northern Saskatchewan. The vendors were Comaplex Resou…
News
News in Brief (September 21, 1987)
Bellco Energy Corp. has changed its name to Ocutech Canada Inc. (occ:vse) on a share-for-share basis.
Chesbar reports high gold values
With the resumption of drifting on the No 3 vein at a depth of 200 ft, Chesbar Resources reports high gold values have been encountered at the Chester Twp. property in northern Ontario. From the point…
Wilco debenture deal
Wilco Mining has issued a convertible note to Deak Ariadne Ltd. which raised $1.1 million. The funds will be used to purchase 400,000 shares of Seadrift International Explorations which is drilling th…
Newfield to repair Teck shaft No. 2
Newfield Minerals has settled the terms of a flow-through financing enabling the company to proceed with rehabilition of Teck Corp.’s Kirkland Minerals No 2 shaft. The shaft is located approximately 1…
Metal Prices PRODUCER PRICES (September 21, 1987)
ALUMINUM: MW U.S. Market 78.00 cents -81.00 cents per lb. (Sept 3, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Sept 3, 1987). BISMUTH: New York dealer $4.75-$5.00 per lb. (Aug 20, 1987). CA…
After four months of discussions, American Barrick Resources and
Gold have outlined the terms of a joint venture agreement to mine the surface oxide and deeper sulphide reserves of the Post deposit in Elko Cty., Nev. Located on the famed Carlin gold trend where New…
Cominco Res. Nevada mine yields high grade hole
International has encountered paydirt at its Buckhorn mine in Nevada. The company describes the discovery as a “possibly significant high grade gold intercept,” noting the hole was drilled beneath the…
Vancouver Stock Exchange Investors in a cautious mood
Some investors are feeling uneasy about upward-trending interest rates and the potential impact on the market so they are trading cautiously. Also, with many seasonal exploration programs winding down…
Underground work by Aur Resources on Quebec project
A $1-million underground exploration program will be carried out by Aur Resources on the Hewfran property at Desmaraisville in northwestern Quebec. Surface drilling has outlined ore grade gold mineral…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (September 21, 1987)
Gold London Bullion Dealers afternoon (morning) $US per oz. Sept. 15 Sept. 14 Sept. 11 Sept. 10 Sept. 9 458.80(458.35) 455.55(456.60) 459.85(460.90) 460.20(461.00) 458.30(45…
Champagne flows over gold at D’Or Val Mines ceremony
Officially opening its D’Or Val Mines gold mine near here this month was the Vancouver-based Hughes-Lang Group. About 650 people attending the ceremony saw D’Or Val Mines President Frank Lang, instead…