Emerald Lake anticipating higher grade
Results from Emerald Lake Resources’ Golden Rose gold property in northern Ontario continue to exceed expectations, the company reports. The property, located northwest of North Bay, Ont., could be in…
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COATS Trading Features (June 08, 1987)
Card Lake Resources continued its upward climb to a high of $2.50. The company is busy with an exploration project on ground in the Harker-Holloway area north of Kirkland Lake, Ont. Winteroad Resource…
Camreco to drill
About mid-June, Camreco Inc. says it plans to get into top gear on a major drilling program on its gold properties near Dryden, Ont. Earlier this year, Camreco arranged with MVP Exploration (1987) and…
“Spectacular” results at B.C. silver find
Exploration companies have been known to succumb to the “herd instinct,”which probably explains their almost total obsession with gold. But the successor to Corporation Falconbridge Copper, Minnova In…
Major cash flow improvement anticipated by Queenstake
A marked improvement in operating cash flow is expected by Queenstake Resources this year because of two new acquisitions and a higher gold price. At the annual meeting, Gordon Gutrath, president, als…
Stan West funded for 500 ton mill Arizona gold mine (line head)
Culminating six years of exploration and development work, Stan West Mining Corp. has now raised $12.1 million(US) in new financing to bring its McCabe gold-silver mine in Arizona into production. At …
Mill construction contract awarded by Skyline Expl.
A contract has been awarded to Orocan Inc. of North Vancouver for mill construction at Skyline Explorations’ Reg property north of Stewart, B.C. Initial mill capacity will be 200 tons per day, expanda…
News in Brief (June 08, 1987)
Hambro Resources has changed its name to Richwell Resources (rwl:vse) on a one-new-for-three- old share basis.
Nova Beaucage raises funds
Toronto-based Nova Beaucage Mines has completed a private placement of $2.7 million with the Societe en Commandite CMR 1987 Partnership. Under the terms of the placement, the partnership will earn a 1…
Metal Prices FUTURES PRICES (June 08, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 69.40 69.10 69.40 + 4.10 July 69.40 67.0…
Eureka joins Southlands
Eureka Resources and Southlands Mining Corp. recently concluded a joint venture agreement to develop Eureka’s Frasergold Precious Metals project near Williams Lake, B.C. Under the agreement, Southland…
Editorial Mine deaths must be cut
A miner was crushed to death in a rock fall at one of Rio Algom’s uranium operations this week, the ninth fatality suffered in Ontario mines this year. This is a very serious situation, completely un…