St Joe says it’s a go on the Golden Patricia
Just 14 months after pulling the first discovery hole on the Golden Patricia property near Pickle Lake, Ont., St. Joe Canada has said yes to production go-ahead. Though costs are now being fine tuned,…
News
Boliden selling its interest in Great Lakes
Control of Great Lakes Nickel will pass to a private company, if a deal with Boliden AB is completed. Boliden, a Swedish mining company, has entered into an agreement to sell its 29% stake in Great La…
Queries What ever happened to Nickel Rim?
What-ever happened to Nickel Rim Mines’ plans to change its name to Colosseum Gold Mines? P.O., Toronto, Ont. Phew] Where does one begin? As recalled last July the shareholders of Toronto-listed Nic…
Newfields and Teck reach agreement for Kirkland Lake
The terms of an agreement have been settled between Newfields Minerals and Teck Corp. regarding the companies’ respective properties in the Kirkland Lake gold camp of Ontario. Newfields may earn a 50%…
Gold jumps to 2nd place in Ontario
Gold jumped into second place behind nickel as Ontario’s most important mineral in terms of value in 1986, the province’s ministry of northern development and mines reports. The value of production of…
Production decision nearing for Chesbar
Exploration work by Chesbar Resources is progressing well on the Chester Twp. property in northern Ontario, so well in fact that a decision may be made this summer on going into gold production. Chesb…
Predict 50% increase in Wharf gold output for 1987
Chronically under-financed, Wharf Resources has struggled to maintain production at its Annie Creek gold mine near Lead, S.D. But the company appears to have turned the corner and with record precious…
PRODUCER PRICES (March 23, 1987)
ALUMINUM: MW U.S. Market 62.50 cents -64.00 cents per lb. (Mar 5, 1987). ANTIMONY: New York dealer $1.08-$1.14 per lb. (Feb 26, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADM…
Option earned in gold site
An option to earn a 50% interest in the Bapst Twp. property owned by Fairfax Bay Resources in the Casa Berardi gold area in northwestern Quebec has been obtained by Yorbeau Resources. Yorbeau Presiden…
Nuinsco/ Seadrift active in Quebec
With a healthy funding package in place, activity is continuing at a brisk pace with seven drills in operation at the Aldermac and Lac Dufault prospects held in joint venture with Toronto-listed Nuins…
Metal Prices FUTURES PRICES N.Y. Mercantile Exchange (March 23, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) March — — 523.40 + 4.70 April 525.50 518.40 524.40 + 4.50 July 531.0…
Teck, Tundra drift into visible gold
Underground exploration work on a section of the Lamaque gold property near Val d’Or, Que., has encountered visible gold in drift faces. Teck Exploration, which is performing the work funded by Tundra…