Mines ministers differ on free trade
Canada’s two chief political spokesmen for the mining industry appear to be at odds over the recent Canada-U.S. free-trade agreement. In a recent interview with The Northern Miner, the federa…
1987
Overseas Platinum active in Ecuador (October 26, 1987)
Overseas Platinum has signed an agreement with an Ecuadorian company for the exploration of a gold-platinum placer property in northwestern Ecuador. Prior to closing the deal, Overseas Platinum panned…
Alberta Stock Exchange Issues take a beating
In a week when investors around the world took an unprecedented beating, it’s hardly surprising that the Alberta Stock Exchange reported an almost endless string of casualties. For most Alberta issues…
Ateba gets gold flowing again in Beardmore, Ont
The yellow metal will start to flow again here in December, The Northern Miner can report after a visit to the only active mill in the area — the Pan-Empire mill being operated by Ateba Mines Inc. of…
Aber land position has PGM potential
A large land position covering a new type of geological environment for gold and platinum group metals has been picked up by Aber Resources in the Northwest Territories. Victor A. Tanaka, vice-preside…
Chelsea secures new financing
Two private placements have been completed by Chelsea Resources which will net the company $2.4 million. In addition, it has a commitment to place 400,000 units consisting of one share at $5 and a war…
Freewest, partners hit north of Wawa
Encouraging drill results have been returned from a program being conducted by joint venture partners Freewest Resources, Noranda Exploration, Prophet Resources and Cline Development. The work is bein…
Nexus Group busy on Island-2 col 24TR Inside please
The largest recipient of flow-through dollars from First Exploration Fund 1987 is the Nexus Group which includes Nexus Resource Corp., Angle Resources and Reward Resources. The companies have signed u…
Inco Gold involved in Brazilian project
Development of a gold prospect in Brazil which is expected to yield about 3.7 million g (120,000 oz) gold per year and in which two affiliates of Inco Gold are partners, is under way. Capital cost of …
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (October 26, 1987)
Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Gold London Bullion Dealers afternoon (morning) $US per oz. 464.30(481.60) 481.00(479.50) 465.25(464.25) 466.60(461.75) 460.80(459.45) Gold Bank of Nova Scotia…
Grandview to sell Carson Hill mine 1 col 16tr
Grandview Resources is considering the sale of its Carson Hill gold mine in California. Investment banking firm Bear, Stearns & Co. is providing financial advisory services for the possible sale. Seve…
Corona gold loan to repay financing of David Bell mine
A gold loan will be used by International Corona Resources to repay its share of the financing of the David Bell mine in the Hemlo area of northern Ontario. The company reports a wholly- owned subsidi…