Rambo initiates drilling program
A 15,000-ft drilling program is in progress on the Coleraine property in Quebec’s Eastern Twps., near Thetford Mines, to test for chromium, platinum and gold, Rambo Explorations reports. While no assa…
1987
Metal Prices FREE MARKET London Metal Exchange Spot Gold, Silver,
Sept. 8 Sept. 7 Sept. 4 Sept. 3 Sept. 2 Gold London Bullion Dealers afternoon (morning) $US per oz. 456.95(462.75) 463.50(464.40) 464.75(464.40) 463.70(462.15) 463.10(456.55) Gold Bank of Nova Sco…
Strike in S. Africa lasts three weeks
The more than 300,000 gold and coal miners in South Africa who went on strike this summer for three weeks returned to work without the 30% increase in wages the National Union of Mineworkers was deman…
Yukon Chamber mining school
The British Columbia and Yukon Chamber of Mines will hold its 69th annual prospecting and mining school in Vancouver again this year. Classes begin Tuesday, Sept 15, and run Tuesday and Thursday eveni…
Editorial U.S. protectionism assaults potash
This country possesses the biggest and best potash deposit in the free world, and the biggest and best potash mines — period. With reserves in the billions and billions of tons of premium grade ore, …
New Goldstrike reserves a bonus to Franco-Nevada
A short-term pain for long-term gain mining strategy at the Goldstrike mine in Nevada, reduced Franco-Nevada Mining’s royalty and net profit returns during the first quarter of 1987. Franco-Nevada ret…
Bitech funded for exploration work
A $125,000 working capital loan has been arranged by Bitech Energy Resources. The loan was provided by D.C.C. Equities. Exploration funding for the year will come from two placements of flow-through s…
La Fosse encouraged by Labrador platinum hunt
La Fosse Platinum Group continues to meet with encouragement at the company’s platinum group metals projects spread across the Schefferville and Kuujjuaq regions of Labrador. In the Retty Lake area, L…
Trader gets results
Vancouver-listed Trader Resource Corp. has released partial diamond drilling results from its Tel deposit on the Yellow Giant property at Banks Island, B.C. The company says it has completed 61 holes …
Cons. Professor feasibility expected by early 1988
A feasibility study is being prepared by Wright Engineers for Consolidated Professor Mines’s Duport gold project. Located at Shoal Lake, west of Kenora, Ont., the Duport property hosts a geological re…
People (September 14, 1987)
London Metal Exchange — Didrik Normark and Jon Pither have joined the board.
Pamour and St. Joe deals signal Australian invasion
Nearly four years after Prime Minister Brian Mulroney declared that Canada was open for business, Australian mining companies have been answering the clarion call with an unprecedented wave of investm…