Torene drilling (March 16, 1987)
Torene Gold Exploration says it has two drill rigs on its Harrington Cove property in Halifax Cty., N.S., working on a 10,000-ft phase 2 drilling program. Torene says drilling is confined to the MacLe…
News
Committed to platinum Laurasia acquires Fleck
With the acquisition of the controlling block of shares in Fleck Resources whose principle asset is the 34-million-ton platinum group metals deposit in Marathon, Ont., Toronto-listed Laurasia Resource…
Underground work making progress at Mahogany bet
Underground development work is well under way at the Jolu property of Mahogany Minerals Resources and Canadian Premium Resource Corp. in the La Ronge area of Saskatchewan. Preparation of the portal s…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (March 16, 1987)
Mar. 10 Mar. 9 Mar. 6 Mar. 5 Mar. 4 Gold London Bullion Dealers afternoon (morning) $US per oz. 405.60(405.00) 405.00(404.85) 406.30(406.50) 410.75(411.45) 406.55(407.65) Gold Bank of Nova Sco…
Editorial The public sees a good future for mining
It’s heartening to know most Canadians don’t believe that mining in this country is a sunset industry. We know that and the industry knows that, even in a period (with the exception of the gold sect…
Metal Prices FREE MARKET London Metal Exchange (March 16, 1987)
Spot closing prices in Pound Sterling per tonne Date Mar. 10 Mar. 9 Mar. 6 Mar. 5 Mar. 4 Copper 904.5-906 892 -893 899 -900 897.5-898.5 911 -912 Lead 298 -298.5 296 -2…
CSO in firm control Bull market in diamonds?
A case for a bull market in diamonds is made by Shearson Lehman Brothers in a recent release. From its global perspective, the firm says current stocks of uncut stones outside of the control of the Ce…
Falco Copper moves on Winston Lake and Ansil
Full production at the rate of 1,000 tonnes per day is anticipated to start in the second quarter of 1988 at the rich zinc orebody at Winston Lake, near Schreiber, in northwestern Ontario, John Carrin…
Augdome completes drilling program
Fifteen holes have been drilled to a maximum depth of 600 ft on a 26-claim property adjacent to the Dome mine in Timmins, Ont. The ground, held by coats- listed Augdome Corp., has drill- indicated res…
Audrey progresses at Mobrun project
Shaft sinking to a depth of 232 m has been completed at the Mobrun project located near Rouyn, Que., shared equally by partners Audrey Resources and Corporation Falconbridge Copper. Exploration drifts…
Miners stand to benefit from improved zinc market
Despite recent weakness in the zinc market, the next few years should witness not only a firming in the zinc price but also a decline in smelting charges and consequent disproportionate increase in th…
Toronto Stock Exchange The bull took a breather, and just trotted
The bull took a breather from its recent galloping pace and just casually trotted around this week. The composite netted a gain of 26.64 this week to move ahead to 3,620.1 pts. Golds lost some of thei…