COMMODITY FUTURES PRICES N.Y. Mercantile Exchange
Week’s High Low Close Change PLATINUM (in US$ per oz.) May 614.00 614.00 614.90 — 2.30 July 627.00 615.00 619.90 — 3.30 Oct. 633.00 622.00 …
News
Outland Res. options Que. platinum/gold bets
Outland Resources says it has optioned three large properties in the Labrador Trough area of Quebec where recent sampling by Quebec government geologists have discovered high values in platinum group …
People (May 18, 1987)
energy mines & resources canada — Dr D. J. Tempelman- Kluit appointed director of the Cordilleran and Pacific Margin division of the Geological Survey of Canada.
Editorial Respect for Placer, Dome, Campbell
Almost since its incorporation way back in 1912, the Dome mine at Timmins has been dubbed the Big Dome. But we venture to say that its founders, who certainly did not lack foresight and guts, could ha…
More exploration planned for Quebec placer project
An agreement has been reached between Macamic Resources and Coniagas Mines to further explore and develop the latter’s alluvial gold properties in Beauce Cty., Que. Macamic will spend $1 million to ac…
Barrick to continue gold acquisition
They came to the annual meeting of American Barrick Resources Corp. for a variety of reasons. But as one broker quipped, they especially came “for the religion”, — to hear Peter Munk, the chairman an…
Majority of world’s gold used in jewelry-making
Jewelry fabrication accounts for almost 60% of the gold coming on the world market, with industry, small bars and coins taking up their fair share of the precious metal. British author Timothy Green, …
Musto funds earmarked for Utah project
Musto Explorations says it’s “continuing to explore a number of alternatives for improving its working capital position.” President H. Lutz Klingmann confirms that some of the funds would be used to f…
Power option with Van Horne
A deal has been signed between associated companies Power Explorations and Van Horne Gold Exploration. Power has the right to earn a 50% interest in Van Horne’s gold property five miles south of Dryde…
Placements raise $7m for Galveston
Two agreements with NIM and Co., Ltd. Partnership — 1987, dealing with private placements of common shares on a flow-through basis, have been closed by Galveston Resources. The agreements provide for…
Bogosu program well under way says Sikaman
The field program, on the Bogosu property, by Canadian Bogosu Resources, a Ghanain company jointly owned by Sikaman Gold Resources, and Denison Mines, is well under way, reports A. T. Griffis, Sikaman…
Montreal Exchange Audrey trades higher
Continuing to trade actively on the Montreal Exchange is Audrey Resources, which this week closed up 90 cents to $4.35 on a volume of 670,200 shares. Audrey has a 70% interest in the Mobrun project (…