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…
1987
Hysteria fuels collapse of ’87
Like lemmings, investors swarmed over the precipice, pulling global stock markets into a crash the likes of which has never before been witnessed in financial history. Black Monday, as the investment …
Abermin underground program at Lara to cost $1.7 million -2 col 24
A major underground program is scheduled early next year at Abermin Corp.’s Lara property on Vancouver Island. The decline will explore the high grade Coronation zone “prior to final feasibility and a…
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 PRODUCER PRICES (October 26, 1987)
ALUMINUM: MW U.S. Market 84.50 cents -87.00 cents per lb. (Oct 8, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.75-$4.90 per lb. (Sept 17, 1987). CADM…
New find at Platinova’s Marmora wollastonite bet
Toronto-based Platinova Resources has received some encouraging news from its wollastonite project at Marmora Twp., 100 km northwest of Kingston, Ont. According to Platinova, joint- venture partner Co…
Joutel seeks a listing on Paris Bourse
Joutel Resources, a Toronto- based junior exploration company, has started proceedings towards a listing on the Paris Bourse, one of Europe’s leading stock exchanges. Officers of the company are in Pa…
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…
Huldra silver find looks impressive 1 col 18TR
A high grade silver discovery has been made 55 miles north of Hope, B.C., by Huldra Silver. Diamond drilling has proven to be unreliable in delineating the extent and grade of the discovery which typi…