Copper heading for oversupply
After four years of substantial shortfall, it appears the global copper market is set to revert to oversupply in 1988 as production surges ahead, Shearson Lehman Brothers reports in its Annual Review …
News
Perron gears Sleeping Giant for early ’88 production
Output of 50,000 oz gold is expected during each of the first two years of operation of Perron Gold Mines’ Sleeping Giant mine in northwestern Quebec which is expected to go into production early in 1…
Beaufield acquires option in Kerr bet
An option to earn a 40% interest in Kerr Addison Mines’ Macho- Rouleau property in Urban and Barry twps. in northwestern Quebec has been acquired by Beaufield Resources. Under the terms of the agreeme…
Golden Terrace resumes drilling
Drilling with two machines is being resumed on the Richardson Lake gold discovery of Golden Terrace Resources, Garry K. Smith, the company’s geologist and newly appointed president, tells The Northern…
Metal Prices FREE MARKET London Metal Exchange (November 02, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 27 Oct. 26 Oct. 23 Oct. 22 Oct. 21 Copper 1192-1194 1175-1178 1215-1220 1169-1170 1175-1177 Lead 353-354 350-35…
Chesbar to drill at Yeo Twp. bet
Gold values of 0.62 oz gold per ton and 0.31 oz were obtained from grab samples taken to check an earlier set of sampling results from Chesbar Resources’ 8-claim, optioned property in Yeo Twp. in nort…
Colony Pacific to purchase Westmin Blue Moon interest
The fact that Imperial Metals Corp. was after Westmin Resources’ Blue Moon project has probably been one of Vancouver’s worst kept secrets over the years. But it became very apparent in May, 1986, whe…
Cantung to sell Queenstake shares
An Australian company, Balmoral Resources nl, has agreed to purchase the majority of Canada Tungsten Mining’s interest in Vancouver-based Queenstake Resources. The shareholding has been for sale for s…
Vancouver Stock Exchange Tundra holds steady on big volume
It was a rough week on markets around the world and Vancouver, although heavily weighted with junior resource stocks, was not spared. The market index closed at 1,158 points, down 313 points or 21% ov…
Erola on Inco board
Former federal minister of mines, Judith Erola, has been appointed to the board of directors of Inco Ltd. Erola is the second woman to be elected to the big nickel company’s board, an Inco spokesman s…
Surf Inlet to explore old Surf mine workings
Vancouver-based Surf Inlet Mines recently completed a private placement with Beltech Corp. of Australia to raise $1 million to finance the first phase of a major underground program at the Surf Inlet …
Gunsteel program enhances potential at Nugget mine
Exploration work at Gunsteel Resources’ Nugget property continues to enhance its production potential. Because the geology and mineralogy of the various gold-bearing structures are quite complex, the …