News

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…



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…



Investment Comment Cortez acreage makes Coral a buy

Despite its prominent land position in the Carlin and Cortez gold trends near Elko, Nev., little has been heard lately from a Vancouver- based exploration company called Coral Gold. While American Bar…


Bresea gold discovery

A prospecting program has discovered two gold mineralized zones in Labrador, Bresea Resources says. Reassaying of old drill core drilled by Hollinger Mines in the 1960s, returned assays of 0.19 oz gol…


From camaraderie to paranoia lessons from Hemlo

Recklessly jumping from choppers still several feet in the air, eager to get some of the action of the Hemlo discovery, mining men alighting in the camp with a thud in 1981 were heard to use some pret…


Montreal Exchange: Light trading week

Light volumes highlighted trading on the Montreal Exchange this week, with positive values dominating at week’s end. Both the market portfolio (general index) and the mining and minerals index had gai…


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