Alotta plans drill program
New Mexico based Alotta Re- sources is set to begin work on a number of properties in the Val d’Or, Que., area. According to President Albert Applegath, the company has optioned 21 claims known as the…
News
General News & Comment Porcupine runners will relive gold rush
For those who missed the original Porcupine Gold Rush, the Prospectors and Developers Association of Canada is offering local athletes the chance to relive history. Organizers of the fourth Annual Gre…
Stewart Lake graphite grade bodes will for production
Initial drill findings by Stewart Lake Resources on its Kirkham flake graphite project in Bedford Twp., 25 miles north of Kingston are fully confirming the high grade nature of the deposit, The Northe…
EQUIPMENT MINERS WANT
Mine equipment manufacturers are continually bombarded with ideas for innovative mining machines. The flow of ideas combined with new computer technology makes the possibilities for new equipment limi…
Shasta, Esso Minerals in Toodoggone pact
International Shasta Resources has a letter of intent with Esso Minerals Canada, whereby Esso can earn a 70% interest in Shasta’s Toodoggone, B.C. gold property. To earn the interest, Esso could devel…
Metal Prices PRODUCER PRICES (June 01, 1987)
ALUMINUM: MW U.S. Market 70.00 cents -73.00 cents per lb. (May 14, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.05-$3.15 per lb. (May 14, 1987). CAD…
Pegasus Gold’s 2-year growth “extraordinary,” president says
After the 1986 start-up of two properties and a third this year, Pegasus Gold Corp., is flying high, President James Foreman told shareholders at the annual meeting. “It has been an extraordinary feat…
General News & Comment Student wins prize
A student at McGill University, Montreal, has become the first mining engineering student to win the Prix d’Excellence of the Order of Engineers of Quebec. Brigitte Lacouture will graduate in June. Th…
Feasibility study is planned for Silbak/Missouri project
A decision on possible production may not be far away at the Silbak Premier/Big Missouri gold- silver project in northwestern British Columbia, Canacord Resources reports in a recent interim report. T…
TAX ANGLES A matter of interest for investors
All resourceful investors know the advantages of having the interest expense on borrowed funds deductible for income tax purposes. The actual out-of-pocket cost is thereby reduced by tax relief at mar…
Giant profit up on price, output
Better gold prices and higher production helped propel Giant Yellowknife Mines to a first quarter profit of $3,516,000 or 50 cents a share, compared with earnings of $469,000 or 11 cents a share in …
Joe Mann mine adds Chibougamau glitter
It has been drowned and dewatered three times in its troubled 30-year history, but the Joe Mann gold mine here in northwestern Quebec is once again producing the yellow stuff. Moreover, production at …