Metal Prices FUTURES PRICES (August 17, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug. — — 79.60 + 0.55 Sept. 79.45 78.60 79.40 + 1.05 D…
News
Maufort encouraged by drill results
A continued gold-bearing structure 141 ft in width has been intersected by drilling at a vertical depth of 1,400 ft at the Siscoe Extension project in northwestern Quebec, Maufort Resources reports. H…
Geraldton-Beardmore booms
The entire Geraldton-Beardmore greenstone belt, which in its heyday boasted a dozen producers that turned out over four million ounces of gold, is once again bustling under a full-scale exploration bo…
COATS Trading Features (August 17, 1987)
Trading on the coats system is proving to be a big success. For the month of July, data shows that volume totalled more than 43 million shares for a value of $138.2 million. One of the more active iss…
THE EDITORIAL PAGE A crisis in mining education
There could be something of a crisis looming for mining companies looking to recruit professional and technical personnel for their future operations from Canada’s schools. The past few years of poo…
Drilling program begins at Dore/Orofino project
Orofino Resources of Toronto has begun a 4,000-ft diamond drilling program on two joint venture properties at Vermillion Lake, near Mine Center in northwestern Ontario. Part of a major shear zone and …
Obituary William Harvey Gross
One of Canada’s most famous economic geologists, William Harvey Gross, has died. Dr. Gross, who was born in New Westminster, B.C., in 1917, first became interested in mining while working as a mucker …
Vancouver Stock Exchange Promising results from Congress
Trading continues to be active but with gold hovering at $460- $465(US) and supposedly poised to make a run at $500, investors seem to be taking a moment for reflection. The vse index on the week clos…
Hemlo area prospect being explored by Consolidated Reactor
Consolidated Reactor Uranium Mines, (which plans to change its name to Canaustra Gold Exploration), says it has started a phase-1 exploration program on its gold prospect in Ontario’s Hemlo area. The …
Pegasus, California in joint venture
A joint venture is being arranged between California Gold Mines and Pegasus Gold for the purpose of placing the Stewart Outcrop zone into production on California Gold’s 100%-owned Zaca property locat…
Atlantic Report Atlantic Goldfields in the swim
Gold exploration at mid-summer has been marked by new companies emerging on the Atlantic Canada mining scene and an established company expanding its operations into another industry. Atlantic Goldfie…
Levon, Veronex drill high grade
Diamond drilling by Levon Resources and Veronex Resources, has intersected high grade gold values from their Howard tunnel project in B.C. Hole 19 cut a 15-ft section grading 2.48 oz gold per ton. Hol…