Metal Prices FREE MARKET London Metal Exchange (June 15, 1987)
Spot closing prices in Pound Sterling per tonne Date June 9 June 8 June 5 June 4 June 3 Copper 951-952 957-958 913-914 946-947 938-939 Lead 371-373 38…
News
Placer selling Equity shares
Placer Development has agreed to sell 4.82 million common shares of Equity Silver Mines to Dominion Securities and Nesbitt Thomson Deacon as underwriters. Price of the shares will be $12.50 each. Plac…
Northquest option
Northquest Ventures has acquired an option to earn a 25% interest in a gold prospect located in Chester Twp., Ont. Situated 25 km southwest of Gogama, the property was acquired from Westport Resources…
Ore reserve estimates can cause tons of confusion
There is, perhaps, nothing more fundamental to mining than ore reserves, yet, at the same time, there is no other single item in mining that causes so much argument, disagreement and outright confusio…
$4 m. to be spent on Fontana bet
Coats-listed Bay Resources and Services has optioned a 16-claim property, called the Fontana property, located in Duverny Twp., Que. to an affiliated private company called Stratmin Inc. Bay holds a 7…
Increased exploration in northern Saskatchewan
Mineral exploration expenditures in northern Saskatchewan will reach $55 million in 1987, with $18 million to uranium, $2.3 million to base metals and $34.5 million to precious metals. Exploration exp…
Torene defines zone at Harrigan Cove, N.S.
Drilling on a former producing property at Harrigan Cove, N.S., by Torene Gold Exploration has indicated 100,000 tons in three zones grading 0.36 oz gold per ton. Average depth so far is 300 ft. Signi…
Beaver expands Kramer zone
Beaver Resources says a recent trenching program has extended the ore zone at its producing Kramer Hills heap leach property in California. The zone has been expanded to the south and east with a subs…
COATS Trading Features (June 15, 1987)
High fliers for the week on the coats system continued to be Boston Bay Mines and Belleterre Quebec Mines. The issues continued at $pd $1.40 respectively. Boston Bay vended its Lac des Iles platinum g…
Development, mining costs give loss to Anglo Dominion
Anglo Dominion Gold Exploration reports a net loss in the first quarter of $1,400,000, compared with earnings in the similar period last year of $17,400. The company says the loss in the latest period…
Promising results from Joutel property
A 20,000-ft drilling program has started on Kerr Addison’s Joutel Twp. property in Val d’Or, Que. Following a promising gold discovery on the 1,066-acre property, project manager Onyx Resources can ea…
Lenora building reserve base, to double gold output
Lenora Explorations is preparing to increase gold production from approximately 5,000 oz this year to more than 10,000 oz by 1988. In order to achieve this objective and to position itself for further…