Cornucopia to drill Arizona gold bet
A production decision is expected by the end of this year on a gold property it holds northwest of Phoenix, Ariz., according to Cornucopia Gold Mines. A reverse circulation drill program to expand res…
News
McAdam arranges exploration funds
An exploration agreement has been entered into by McAdam Resources with nim Resource 1987 and Co., Ltd. Partnership whereby nim will subscribe for $1 million of flow-through common shares of McAdam to…
Lead turns `hot’ performer
Base metals are currently “hot” market items and one of the hottest is lead, whose recent price rise seems to have caught almost everyone by surprise. Now above the 40 cents (US) per lb mark, and aver…
Big drill program outlining gold zone Vezza Twp. project
North American Rare Metals and Dundee-Palliser Resources continue to meet with encouragement in the big drilling program under way on their joint venture gold property in Vezza Twp., 25 miles south of…
Grab-sample results
Encouraging results have been released by Maufort Resources from a grab sample at the Tiblemont gold project located about 30 miles west of Val d’Or, Que. The company reports the presence of a major s…
FUTURES PRICES (July 13, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) July 76.20 73.70 76.15 + 3.80 Sept. 75.25 72.70 75.15 + 3.70 …
Road completed for Novamin
Construction of an all-weather road to Novamin Resources’ Rundle gold property, 65 miles southwest of Timmins, Ont., has been completed. During t he past year the company has completed more than 55,00…
Metal Prices FREE MARKET London Metal Exchange (July 13, 1987)
Spot closing prices in Pound Sterling per tonne Date July 7 July 6 July 3 July 2 July 1 Copper 1040-1042 1052.5-1053.5 1042-1044 1039-1040 1008-1009 Lead 430-431 430-432…
Three companies start program at B.C. gold bet
A major work program is under way at the Richfield gold property 25 miles north of Houston, B.C. Mountain West Resources, Sirius Resource Corp. and Esso Resources Canada are involved in the joint vent…
Golden Shield buys Kerr Addison mine
Golden Shield Resources has successfully completed the purchase of the old Kerr Addison mine and mill complex at Virginiatown, Ont., for approximately $38 million. The deal also gives Golden Shield a …
Metal Prices PRODUCER PRICES (July 13, 1987)
ALUMINUM: MW U.S. Market 73.00 cents -74.00 cents per lb. (June 25, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (June 25, 1987). BISMUTH: New York dealer $3.25-$3.40 per lb. (June 25, 1987). …
Duration and Locator private placements
Locator Explorations has signed private placements with the Middlefield Group for a total of $1 million each in flow-through shares. The private placement agreement consists of $350,000 to Track Resou…