Joutel plans big effort at Stewart
More than $1 million will be spent by Joutel Resources and partners on exploration this year, Joutel shareholders heard at the annual meeting. A major effort will be made at the company’s property nea…
News
Metal Prices PRODUCER PRICES (June 22, 1987)
ALUMINUM: MW U.S. Market 71.00 cents -72.50 cents per lb. (June 4, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.35-$3.45 per lb. (June 4, 1987). CAD…
World demand for platinum rises
The use of platinum in autocatalysts increased about 15% in 1986, representing 37% of western world demand for the metal, Johnson Matthey reports in its research publication Platinum 1987. More than o…
Mazarin drilling on 3 properties
Diamond drilling programs have been commenced on three Quebec properties — Scheffor, Wilco and Samson — by Mazarin Inc. The Scheffor property is located 30 km northwest of Schefferville and is 1,000…
McFinley buys out Coniagas, Phoenix property interest
Their 50% interest in a Red Lake, Ont. gold property has been sold by The Coniagas Mines, and Phoenix Gold Mines, to McFinley Red Lake Mines for $5 million in cash, the two companies report. In additi…
Silver Hart property gets not subject to suitable financing
A feasibility report has been approved by the board of directors of Silver Hart Mines for a silver property in the Yukon and the development go-ahead has been given subject to a suitable financing arr…
La Sarre highlights
The two-day mining convention at La Sarre, Que., provided a timely update for review of exploration work taking place in this part of the Abitibi belt. As with any mining gathering, mining people lov…
Norbeau ponders drilling program
An underground drilling program which will permit closely- spaced detailed drilling with relatively short holes at the Norbeau mine near Chibougamau, Que., is being considered by Norbeau Mines. The si…
General News & Comment Field meeting
The Geological Association of Canada will conduct a summer Field Meeting in the Northwest Territories Aug 31-Sept 5, titled Yellowknife ’87. The me eting will consist of two days of technical session…
Greenstone, Canamax in Que. joint venture
By spending $1 million over three years, Canamax Resources can earn a 50% interest in 50 Gwillim East claims of Greenstone Resources, located near Chibougamau, Que. Greenstone President Ian Park, says…
EDITORIAL Shark bite
There could be some sort of poetic justice for the mining industry in a report that sharks are busy eating fibre-optic transmission cables at the bottom of the sea. Indeed we wonder if the industry,…
METAL MARKETS Don’t count copper out: Strauss
Don’t count copper out, delegates to a recent meeting of the American Copper Council in Toronto, were told by a metals marketing field expert. Simon Strauss, who has an extensive knowledge of the Amer…