Barrick, Independent
An option agreement has been signed by American Barrick Resources and Independent Mining Corp. The deal gives Barrick the right to earn a 100% interest in Independent’s 9-claim gold prospect in Harker…
News
People (December 14, 1987)
Interstrat Tesources inc. — James M. Carter appointed president and chief executive officer succeeding Ted Everett.
Equity Silver plans 4th quarter writeoff
The leach and gold scavenger plants no longer used at Equity Silver Mines’ mill near Houston, B.C., will be reported as a writeoff in the fourth quarter. The $33.6-million writeoff will be reported as…
Metal Prices FUTURES PRICES (December 14, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 121.50 119.40 120.60 + 0.65 Jan 114.80 114.80 115.60 — Mar 10…
Could one hole in Cranbrook, B.C. kill Red Dog?
To an untrained eye it’s an ordinary zigzag on a piece of paper filled with zigzagging lines. But to Paul Cartwright, a geophysicist whose company, Pacific Geophysical, conducted the Controlled Source…
Mid-North gold acquisition
A former producing gold property has been acquired by Mid- North Resources. Located near Snow Lake, Man., the property produced 52,849 oz gold between 1936-1940. Known as the Laguna mine, the operati…
City’s $110-million plan: B.C.’s boggest gold mine
Proving it has what it takes to make a mine, City Resources Canada plans to bring what will be British Columbia’s largest gold producing mine on stream by October, 1989. The aggressive Australian-cont…
Significant assays at Gulf International]]
A drill program by Gulf International Minerals on its McLymont claims group in the Iskut River area of northwestern British Columbia has outlined several gold-bearing zones. The zones have been traced…
Applegath Group active in Mishibishu exploration
The Applegath Group is increasing its activity in the Mishibishu area, located west of Wawa, Ont. A total of six companies within the group hold varying interests in a large tract of ground in the are…
Letters to the Editor (December 14, 1987)
I would like to know if you could settle a dispute a friend and I have had concerning gold prices in the last 100 years. My friend says that gold has never been down near the $20 an ounce mark. I say …
Dickenson acquires more Wharf shares (December 14, 1987)
Toronto-based Dickenson Mines continues to purchase shares in Wharf Resources of Calgary; a recent additional acquisition of 1,415,000 shares raised its holding in the latter to about 26.5%. Wharf ope…
Metal Prices PRODUCER PRICES (December 14, 1987)
ALUMINUM: MW U.S. Market 80.00 cents -82.00 cents per lb. (Dec 3, 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). CAD…