Wharf holding boosts output for Dickenson
Toronto-based Dickenson Mines appears well on its way to boosting its gold output significantly after gaining effective control of Wharf Resources of Calgary. With its 66% interest in the Arthur W. Wh…
News
Alaska Apollo plans 200 ton/day gold mine
An independent report on Alaska Apollo Gold Mines’ Shumagin gold property on Unga Island, Alaska, estimates the cost of bringing the 200-ton-per-day mine on-stream to be much higher than the company a…
Northumberland comes back with program of its own
The breakup last week of a lengthy 2-year courtship between Toronto-listed junior Northumberland Mines and nickel giant, cum- gold explorer Inco Ltd. may prove to be the best thing that could happen t…
Ferronickel export duty hits at Falconbridge
Faced by imposition of an unexpected 25% export duty on shipments of ferronickel from the operations of subsidiary Falconbridge Dominicana C por A in the Dominican Republic, Falconbridge Ltd has halte…
Beaufield, Falconbridge gold discovery at Rouleau
An important-looking gold discovery has been made by partners Beaufield Resources (49%) and Falconbridge Ltd. (51%) in the Macho- Rouleau area 140 km northeast of Senneterre, Que. Drilling by Falconbr…
Louisiana leads the way
In a week when a number of issues posted substantial gains, the Louisiana Mining issue lead the way with a 65 cents increase on its share price. According to Louisiana, the shares were responding to …
Encouraging gold assays from Pacquet
Significant gold assays are coming in from the Pacquet property on Newfoundland’s Baie Verte Peninsula where International Impala Resources and Noranda Exploration Co. have a joint venture program. Th…
PRODUCER PRICES (December 28, 1987)
ALUMINUM: MW U.S. Market 81.50 cents -83.50 cents per lb. (Dec 10, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CAD…
More exploration, development on agenda for Belmoral Mines
In a strong financial position today compared with recent years, Belmoral Mines will be placing more emphasis on exploration and development, says the company’s new president. “We have to dedicate our…
Golden Zone gets drilling results
A 10,000-ft drill program carried out by Golden Zone Developments has extended the mineralized zones in the breccia pipe on its Golden Zone gold- silver prospect in south-central Alaska. The Golden Zo…
Supreme Court to hear appeal by Lac
The legal battle surrounding ownership of the Page Williams mine in the Hemlo gold camp in northern Ontario has moved on to the next — and final — stage. The Supreme Court of Canada has given Lac Mi…
Inspiration, Minorco deal will form new gold company Set for two
A new partnership, designed to search for and acquire gold reserves in North America, is being formed by Minorco and Inspiration Resources Corp. The partnership will consist of all the assets of Inspi…