Black Swan doing well in Australian
There are some striking similarities between the Australian and Canadian mining industries; so it’s not surprising that Australian companies are doing business in Canada and Canadians are developing n…
News
Newmont Gold increases third quarter income
Higher gold prices combined with increased production from its Gold Quarry mine in the Carlin gold belt of Nevada, to give Newmont Gold Co. a third quarter earnings boost. Newmont says 1987 third quar…
Metal Prices FUTURES PRICES (November 16, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. 102.10 102.10 105.20 + 16.60 Dec. 102.50 94.50 102.40 + 16.8…
Rusty plate leads to new technique
Watching river water corrode an old tin-plated cooking utensil has provided the inspiration for Australian scientist Dr William Baker to develop a new technique for the exploration of mineral deposits…
Better program shows ore zone has continuity
A 1,000-ft development program has been completed at Better Resources’ Mt. Washington gold project on Vancouver Island. About 700 ft of underground development was completed in the ore zone and also 3…
More Casa Berardi drilling by Inco and Golden Knight
A $2-million 15,000-m drill program is being proposed by partners Inco Gold and Golden Knight Resources for their jointly held Golden Pond property in Quebec’s Casa Berardi area. The program will test…
Tashota-Nipigon raises funds]]
Tashota-Nipigon Mines has reached five separate agreements with various limited partnerships in order to raise up to $4,175,000 for exploration. In return the company will issue about 1.7 million flow…
Ludgate drilling continues, Garrison
Drilling will continue on the Ludgate Zone in Michaud Twp., near Matheson, Ont. Coats-listed Garrison Creek Consolidated Mines, which holds a 40% interest in the ground, is the operator. But the progr…
Tanqueray exploring in several regions of Canada
Tanqueray Resources has expanded its exploration activites during the past quarter, the company says. In the N.W.T., Tanqueray has acquired an option to earn a 47.5% interest in a 15,000-acre property…
J.A.G. reports new gold zone at Malartic bet
The latest drilling campaign of J.A.G Mines is under way on the Malartic property in northwestern Quebec and core logging has already indicated interesting results, the company reports. A new gold zon…
Breakwater financing
Breakwater Resources plans to raise $2 million via a private placement of flow-through common shares. The issue will be handled by Canarim Investment Corp. The proceeds of the issue will fund explorat…
New pilot plant at Killick’s Adams bet
Killick Gold of Salmon Arm, B.C. has completed exploration at its Adams Plateau mineral claims near Kamloops B.C., the company announced recently. An 1,800-ton bulk sample was assayed recently at the …