Northair “will oppose” Nor-Quest takeover offer
Saber rattling sometimes occurs before outright war but the big guns are firing already in a proposed takeover offer for Northair Mines by Nanaimo-based Nor-Quest Resources. Incensed by an offer which…
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Steep Rock starts commerical shipments
Commercial product shipments started this month reports Steep Rock Resources, following the completion of construction of the first phase of the multi-phased ultra- fine calcite plant at Perth, Ont., …
Sullivan’s downside: Valdez upside is Arthur White mine
Reduced production and cost increase at the Valdez Creek mine in Alaska are the prime culprits behind the $687,000 loss posted by Sullivan Mines in its latest fiscal year. President Claude Genest, in …
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (April 27, 1987)
April 21 April 20 April 17 April 16 April 15 Gold London Bullion Dealers afternoon (morning) $US per oz. 449.50(454.30) N/A N/A 437.75(441.00) 444.10(445.50) Gold Bank of Nova Scoti…
Bruneau and Canamax agree with Tashogan on Kowkash project
Exploration is slated for the Kowkash project following an agreement-in-principle reached between Montreal-listed Bruneau Mining Corp., Toronto-listed Canamax Resources and Tashogan Minerals, a privat…
Toronto Stock Market Golds cool their heels as investors take
The sizzling market in gold shares cooled its heels this week as investors, not surprisingly, devoted themselves to profit-taking. The gold and silver index dropped 80.57 pts over the week to close at…
Three Canadian juniors vie to corner graphite market
Gold is not the only game in town. Ever since the Soviets suspended shipments of graphite to the non- communist world back in 1981, prices for the black, crystalline carbon have risen to as high as $1…
Drilling identifies gold-bearing pods
Five gold-bearing pods have been partly delimited by J.A.G. Mines at its Malartic property in northwestern Quebec, following drilling at 19 sites. The pods are contained in a structure 4,000 ft long a…
Teck, Tundra drifting yielding strong results
Drifting by Teck Corp. on property held under option by Tundra Gold Mines near the former producing Lamaque mine, continues to yield encouraging results. Work from the 3,200-ft level of the Val d’Or, …
Metal Prices FUTURES PRICES N.Y. Commodity Exchange (April 27, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) April — — 63.30 + 0.75 May 63.70 63.25 63.35 + 0.75 July 63.4…
American Platinum options PGM property to Placer
American Platinum Inc. has optioned its Rottenstone Lake platinum group metals property to Placer Development. Located in Saskatchewan, the Rottenstone property will be drilled by Placer this year. Pl…
Assays from trenches look good, Delbridge
Coats-listed Delbridge Mines reports good assays in three trenches blasted north and south of the main shaft on its DeSantis property in Turnbull twp., southwest of Timmins. Assays ran in excess of of…