Mark converts preferred shares
Toronto-listed Mark Resources says its 303,263 series A preferred shares have been converted into common shares on the basis of two- thirds of one common share for each Series A preferred share. No fr…
News
Metal Prices PRODUCER PRICES (May 18, 1987)
ALUMINUM: MW U.S. Market 66.50 cents -69.00 cents per lb. (May 7, 1987). ANTIMONY: New York dealer $1.17-$1.22 per lb. (May 7, 1987). BISMUTH: New York dealer $2.90-$3.00 per lb. (Apr 30, 1987). CADMI…
Research grants
Some 89 studies in geology and geophysics will be supported under research grants totalling $1.39 million in 1987-1988, from the federal Department of Energy Mines and Resources. The department’s rese…
News in Brief (May 18, 1987)
For the three months ended March 31, SherrGold Inc. posted a net loss of $2.9 million or 28 cents per share, up from a net loss of $440,000 or 4 cents per share posted in the first quarter of 1986.
Belmoral workers return to job
Workers at the Belmoral Mines mill and mine at Val d’Or, Que., have agreed to a new two-year monetary package after shutting down operations for a couple of days with a work stoppage. The 265 workers,…
New gold mines set to produce
Thirteen new gold mines that are expected to start up this year in the United States will add more than a half-million ounces of production capacity to that country’s annual gold production, the Metal…
Sunrise gold property optioned to Noranda (head)
Sunrise Metals Corp. (vse) has optioned its Mayfair gold property in the Atikokan-Fort Frances area of northwestern Ontario to Noranda Exploration Co. Under the terms of the agreement, Noranda can ear…
Obituary J.S. Thomson
J. S. (Jim) Thomson, a mining engineer who was active in British Columbia’s Bralorne gold camp as well as in Newfoundland, the Yukon Territory and the Hemlo, Ont., gold camp, died recently at Tsawwass…
Throughput climbs for Rhyolite Res.
A small gravity concentrator is operating at Rhyolite Resources’ Texada Island gold property northwest of Vancouver. President John Bissett says that throughput has increased gradually and now average…
Mets project calls for $1.1 m.
A $1.1 million exploration program is scheduled this summer on the Mets project of Manson Creek Resources and Golden Rule Resources in the Toodoggone area 160 miles north of Smithers, B.C. Their 1986 …
Bogosu program well under way says Sikaman
The field program, on the Bogosu property, by Canadian Bogosu Resources, a Ghanain company jointly owned by Sikaman Gold Resources, and Denison Mines, is well under way, reports A. T. Griffis, Sikaman…
Massive seeking major financing
This could be a pivotal year for Vancouver-listed Massive Resources. The company plans to file for a listing on the tse this month and financing, totalling $8.4 million, for the balance of the year sh…