Robex identifies new structure
A 48-ft thick structure at a depth of 222 ft has been identified by Robex Resources of Montreal on its Soma property in Duverny Twp. in Abitibi in northwestern Quebec. The new weathering zone was iden…
News
METAL MARKETS Firm sticking to its forecast of 57 cents aluminum
Prices for aluminum may currently be running in the 64 cents (US) per pound range, but a London, England, firm is sticking with its average price forecast of 57 cents for 1987. “Following two years o…
Equity Silver quarter won’t reflect price rise
Silver has often been described as the”poor man’s gold” and it has tended to follow the yellow metal upward, something that appears to be happening again today. That could be good news for Equity Silv…
Vancouver Stock Exchange Buying frenzy is dissipated
Much of the earlier buying frenzy on Vancouver has dissipated and the market is now see-sawing its way from one day to the next. Trading volume has dropped about a third from recent highs but it’s sti…
Carlson gets gold on Hemlo property
A drill program completed by Black Gregor Explorations in the Hemlo area has yielded several gold values, the option partner Carlson Mines says. Gold was assayed in five of the eight holes completed. …
Tungsten prices hurt company
Affected by steep falls in sales prices for tungsten in world markets, Canada Tungsten Mining reported a net loss of $17.2 million ($1.45 per share) in 1986, compared with a net loss in 1985 of $28.9 …
Noranda profit $1 a share foreseen by firm’s chairman
Noranda Inc. should make something better than $1 a share in the balance of this year, Chairman Alfred Powis said following the company’s annual meeting. He told shareholders at the meeting that in th…
Falconbridge subsidiary looks to profitable 1987
Its laterite nickel operations near the city of Bonao have become the envy of Falconbridge Ltd.’s competitors. It is also helping out the economy and the exports of the Dominican Republic, especially …
Second phase is planned on Beaufield Resources project
Based on encouraging exploration results, Falconbridge Ltd. is proposing a second phase of exploration for the Lac Barry project, held under option by Beaufield Resources. Located 140 km northeast of …
Debt reduction key element in plan
Debt reduction will be a key element in Cominco’s 1987 business plan, according to Robert E. Hallbauer, president and chief executive officer. At the annual meeting, he announced plans to “reduce exis…
Conquest Yellowknife continues drilling
Alberta-listed Conquest Yellowknife Resources has released results from exploration geophysics and diamond drilling at its Campbell patents, or Smith Lake property in Leeson Twp., in the Renabie area …
Drilling at Terramar
Diamond drilling is under way at Terramar Resource’s Reid mine property near Redding, Calif. The purpose of the program is to explore the northern extensions of the Spanish and Evening Star veins on t…