Stewart Lake busy with graphite bet
Stewart Lake Resources has completed a geophysical survey over the company’s Kirkham graphite property, located 25 miles north of Kingston, Ont. The surveys outlined three parallel zones varying in le…
News
Toronto Stock Exchange Golds look good as U.S. dollar fuels
With fears that high interest rates and inflation are lurking around the corner, investors sought solace the only way they knew how — by stocking their portfolios with bullion and gold shares. As the…
Eastmain and others have spent $3.3 m
More than $3.3 million has been spent by Westmin Resources and joint venture partners Eastmain Resources and MSV Resources on their East Main River properties since 1983. The area is located in northe…
Getty, Noranda drilling expands Tundra potential
The first two holes of the 1987 exploration season on the Tundra property have confirmed the continuation of gold-bearing zones both at depth and along strike, partners Noranda Inc. and Getty Resource…
CDDA meeting
The 44th annual meeting and convention of the Canadian Diamond Drilling Association (cdda) will take place April 29, 30 and May 1 at the Fantasyland Hotel in Edmonton, Alta. A varied agenda covering n…
MFC records a profit as a mining finance house
Fewer than two years from its inception, MFC Mining Finance Corp has emerged as a profitable mining finance house, with interests in two operating gold mines. For the year ended Dec 31, mfc generated …
PRODUCER PRICES (April 20, 1987)
ALUMINUM: MW U.S. Market 64.50 cents -66.00 cents per lb. (Apr 2, 1987). ANTIMONY: New York dealer $1.08-$1.15 per lb. (Apr 2, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADMI…
Amir outlines Idaho reserves
Drilling on about 100-ft centres has outlined eight million tons of potentially economic heap leach reserves at Amir Mines’ Buffalo Gulch and Friday properties, in Idaho. The reserves grade from 0.03 …
Montreal Exchange Essor popular issue
Resource companies continue to be among the active leaders on the Montreal Exchange, where two of the mining stocks traded more than a million shares each during the past week. One of the firms, Essor…
Tragedy at Inco’s Levack nickel mine
Four miners, employees of Inco Ltd., have been killed underground at the company’s Levack nickel mine near Sudbury, Ont. Termed a “freak accident” by officals of the United Steel Workers of America, t…
Alberta Stock Exchange Correction sets in
Most gold issues on the major exchanges entered a modest correction phase today, as gold bullion gave up $8 to $442(US). However, the correction for some companies amounted to nothing more than sidewa…
FUTURES PRICES N.Y. Commodity Exchange (April 20, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) April — — 62.55 + 0.35 May 62.85 62.55 62.60 + 0.30 July 62.80 62.50…