American Platinum
Assay results from a platinum exploration program have been received by American Platinum Inc. Drilling on the company’s property at Lac des Iles, north of Thunder Bay, Ont., has cut several wide sect…
News
News-in-brief (December 07, 1987)
Tse- and vse-listed U.S. Precious Metals Inc. has arranged a private placement of 900,000 shares for $629,000. The placement includes warrants good for an additonal 900,000 shares at 85 cents within …
Belmont boosts output at heap leach mine
Since reopening in April, Belmont Resources has seen a steady increase in production at its Wonder gold mine in Churchill Cty., Nev. From April to October, the leaching operation produced 32,000 oz si…
Financial position healthy as Ronrico drills Louvicourt bet
Now in a much healthier financial position and with revenues of more than $600,000(us) annually still flowing from its U.S. oil and gas interests, Ronrico Explorations is turning strongly to gold. The…
Newfields drilling Teck-Hughes property
Results from Newfields Minerals’ drilling program on the joint venture Teck- Hughes property in Kirkland Lake, Ont., are helping define new drill targets. Hole No 29 at a depth of 190 ft intersected a…
Westmin cuts 44 ft averaging 4 oz gold
Another spectacular drill hole has been reported from Westmin Resources’ Debbie property on Vancouver Island which falls under a joint venture agreement with Nexus Resource Corp. and Angle Resources. …
Papers wanted for Calgary symposium
The faculty of continuing education at the University of Calgary and the Surface Mining Lab of the Canada Centre for Mineral & Energy Technology (canmet) are organizing an International Symposium on M…
Metal Prices FUTURES PRICES (December 07, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 120.00 117.20 119.95 + 8.65 Mar 107.50 104.70 106.70 — May 105.50 98.00…
Metal Prices FREE MARKET (December 07, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 1 Nov. 30 Nov. 27 Nov. 26 Nov. 25 Copper 1495-1505 1520-1525 1520-1540 1556-1566 1580-1582 Le…
PRODUCER PRICES (December 07, 1987)
ALUMINUM: MW U.S. Market 80.00 cents -82.50 cents per lb. (Nov 19, 1987). ANTIMONY: New York dealer $1.10-$1.14 per lb. (Nov 19, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CA…
EDITORIAL Why not back a winner?
What is it Canadians have against success? It seems that once an enterprise in this country shows it’s worthwhile it must either move elsewhere or suffer the slings and arrows of a disgruntled popul…
Northumberland to take another look at old mine
The decision to go underground once again in the Goldenville district of Nova Scotia — probably the first real boom gold camp in Canada, starting in 1860 — should be made late this month, according …