METAL MARKETS Palladium demand recovers
Global demand for palladium recovered last year to equal its record 1984 level of 2.96 million oz, Johnson Matthey reports in its publication Platinum 1987. Supply, however, ran ahead of demand for th…
News
News in Brief (June 29, 1987)
Echo Bay Mines recorded a net income during the first quarter of this year of $8.1 million (18 cents per share) compared with $5.7 million (14 cents per share) for the same period in 1986. Total rev…
American Platinum starts exploration work for ’87
A trenching and surface diamond drilling program has been started by American Platinum Inc. on ground near Lac des Iles, Ont. Funded by a flow-through share offering with First Exploration Fund which …
Fancamp drilling
A diamond drill program has been started by Fancamp Resources on the company’s Gamache Twp., Que., property. The property adjoins the Joe Mann gold mine brought into production this year by Meston Lak…
Good grades cut by Onitap in Maritimes
Drilling by Onitap Resources on the East Goldbrook property in Nova Scotia has encountered several zones of gold mineralization. A hole spotted 50 ft west of the old East Goldbrook shaft intersected f…
Short-term trend has gold in `holding’ price pattern
It’s difficult to be bullish these days about the price of gold, which seems to have settled into the $440-$450(US) per oz range. In fact, the precious metal, which in May seemed on its way to the $50…
Tungsten symposium
The fourth International Tungsten Symposium, sponsored by Canada Tungsten Mining, is scheduled to take place Sept 7-10 in Vancouver. Organizers of the conference are the Primary Tungsten Association a…
Vedron has fine orebody shaping in heart of Timmins
Some highly encouraging results are starting to come in from the underground exploration-development work now in full swing at the Vedron-Belmoral Mines joint venture project in the heart of the Timmi…
Flow-through isn’t through yet What the industry says . . .
Gerald Merrithew, Federal Minister of State for Mines “Many people expected the bottom to fall out, but that certainly did not happen. In fact the mining industry received some very special treatmen…
Audrey’s open pit mine in production next week
The Mobrun polymetallic mine in northwestern Quebec will start production July 1, the president of Audrey Resources, Guy Hebert, reports. Located 32 km north of Rouyn- Noranda, the mine will produce g…
Mineralization addition for Pacific Minesearch
A 14,000-ft drill program at the Howie gold project of Pacific Minesearch in North Carolina has outlined additional mineralization to depth. According to Victor F. Erickson, president, drilling in the…
Halex acquiring interest in Heenan gold property
A letter of intent has been signed between Falconbridge Ltd. and Halex Resources which gives Halex the option to acquire a 40% interest in the Heenan property located 135 miles southwest of Timmins in…