Curragh turnaround at Faro
If the same people running the huge lead/zinc/ silver/gold mine here had been running this open pit from day one in 1970, chances are it never would have been forced to shut down for four years betwee…
News
Red Lake-Sun Valley announces $1 million drilling program
A $1-million winter underground drilling program has been announced by Red Lake-Sun Valley Resources for its Blaine Cty., Idaho, silver and gold project. The company says funding for the program is be…
Bow Valley rejects plan to purchase Getty shares
All deals are off, Calgary-based Bow Valley Industries says of its plans to buy a stake in Getty Resources. Earlier this month Bow Valley entered into share option agreements with four shareholders of…
Golden Zone
About 6,400 ft of drilling has been completed on a 54-claim property held by Golden Zone Developments in Alaska. Of the 18 holes drilled, 13 were in the Golden breccia pipe and five holes tested veins…
Better results at Mt. Washington
A further 25 holes have been drilled in the Lakeview area at Better Resources’ Mt. Washington project near Courtenay, B.C. The vein zone now extends over a north-south length of 900 ft and an east-wes…
Cove financing Granges work on Alpine project in Nelson
Already active in southeastern B.C., Granges Exploration has optioned Cove Energy’s Alpine project near Nelson. The 10,000-acre property has been tied up by a prominent U.S. family for years; but Cove…
Investment Comment Nickel-driven Inco, a speculative buy
With nickel prices rising and expected to rise still further, a British brokerage house says the time could be right for investors to include the shares of a major nickel producer in their portfolio. …
Franco-Nevada subsidiary starts trading on TSE
Franco Nevada Mining has filed a final prospectus in connection with its plan to spin out to its existing shareholders a sister company called Euro-Nevada Mining. Under the terms of the prospectus, Fr…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (October 19, 1987)
Oct. 13 Oct. 12 Oct.9 Oct. 8 Oct. 7 Gold…London Bullion Dealers afternoon (morning) $US per oz. 459.20(459.65) 461.75(461.85) 462.05(461.75) 458.15-458.25 458.05(458.55) Gold…Bank of Nova Scotia…
Quinteko raises funds for work at McWatters
Two exploration financing agreements totalling about $1 million have been entered into by Quinteko Resources. The proceeds will be used to help fund the company’s 25% interest in the gold exploration …
Noramco absorbs affiliates
An amalgamation proposal has been made which will see Noramco Mining Corp. acquire all the assets of affiliate companies Emerald Lake Resources and Highland-Crow Resources. The amalgamation, which has…
Geomaque uncovers two parallel zones
Two parallel gold-bearing zones have been discovered at the Bourlamaque Twp. property near Val d’Or, Que., being explored by Geomaque Explorations. President A. Leith Hellens reports hole No 3 interse…