Metal Prices PRODUCER PRICES (May 18, 1987)
ALUMINUM: MW U.S. Market 66.50 cents -69.00 cents per lb. (May 7, 1987). ANTIMONY: New York dealer $1.17-$1.22 per lb. (May 7, 1987). BISMUTH: New York dealer $2.90-$3.00 per lb. (Apr 30, 1987). CADMI…
News
Canadian Gold raises $1 million for programs
Canadian Gold Resources reports it has raised $1 million for exploration programs on several Ontario properties. According to President Gordon Leliever, $500,000 secured from Colray Resources will be …
Research grants
Some 89 studies in geology and geophysics will be supported under research grants totalling $1.39 million in 1987-1988, from the federal Department of Energy Mines and Resources. The department’s rese…
Inco Sudbury mine technological triumph
Inco Ltd. has shipped the first train load of nickel-copper ore from its newly-reopened Crean Hill mine at Sudbury, Ont. The reactivated mine is being made all-electric and will be one of the most tec…
News in Brief (May 18, 1987)
For the three months ended March 31, SherrGold Inc. posted a net loss of $2.9 million or 28 cents per share, up from a net loss of $440,000 or 4 cents per share posted in the first quarter of 1986.
Significant widths on Nova Scotia bet
Shallow drilling from surface, financed by Alberta-listed Greenstrike Gold Corp. has intersected significant widths of ore grade gold mineralization on a property in Halifax Cty., N.S. Preliminary dri…
COMMODITY FUTURES PRICES N.Y. Commodity Exchange
Week’s High Low Close Change COPPER (in US cents per lb.) May 68.60 67.65 68.00 + 3.10 July 67.65 66.60 66.95 + 2.75 Sept. 66.85 66….
Cominco to investigate wollastonite property
Minerals play a key role in advanced industrial materials such as polymer-based composites and advanced ceramics. And Cominco Ltd. is planning to capitalize on the potential for mining these minerals….
Noront builds reserves at HSK’s Olive property
Underground work by partners Noront Resources and HSK Minerals on the former producing Olive mine property near Mine Centre, Ont., has verified the presence of two ore shoots. Based on detailed sampli…
Nuclear meetings
The 27th annual conference of the Canadian Nuclear Association (cna) will take place June 14-17, with the 8th annual conference of the Canadian Nuclear Society (cns) scheduled for June 16-17, both gat…
Taywin plans more work on its Electrum property
More work is planned this year on Taywin Resources’ Electrum property on Vancouver Island. According to J. Donald Graham, president, the program will include metallurgical testing of ore grade drill …
Query Slate Bay revived in 1980
What is the present status of Slate Bay Gold Mines? It was dissolved about 10 years ago but the charter was re-instated about eight years ago. H.K., Pacific Palisades, Calif. You are correct in writin…