Galactic and partners withdraw Newmont offer
An offer by Ivanhoe Acquisition Corp. to purchase 28 million common shares of Newmont Mining has been withdrawn and shares will be returned to the tendering shareholders. Ivanhoe is comprised of affil…
News
Books (November 30, 1987)
A new worldwide reference book on open-pit gold operations, titled Gold-Silver Bulk-Tonnage Deposits, has been published by Minobras Mining Services and Research, P.O. Box 1620, Fallbrook, Calif., 920…
Hecla going ahead on N.S. bet
A decision by Hecla’s Canadian subsidiary, Hecla Mining Co. of Canada, to proceed with development of the Mooseland gold property northeast of Halifax, N.S., could boost the company’s gold production …
Nor-Quest high grade
Underground drilling by Nor- Quest Resources on the company’s Arizona gold property has outlined a high grade vein. Two stopes at the mine have advanced for 200 ft in vein material grading 0.54 oz acr…
Golden Zone finds new mineralization
Assay results from trench and surface samples indicate two new mineralized areas at the gold-silver prospect held by Golden Zone Developments in the Talkeetna district, Alaska. In addition to the exis…
Noranda to participate in gold-silver refinery planned for Sydney
A full-service precious metals refinery which will produce gold and silver bullion from residues and scrap is planned for Sydney, Australia. The refinery, construction of which is subject to governmen…
Cryderman plans program
Cryderman Gold is planning an exploration program on its Geraldton, Ont., area property which includes the former producing Sand River gold mine. The program will concentrate on an area 8,500 ft west …
Metal Prices FREE MARKET (November 30, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Nov. 24 Nov. 23 Nov. 20 Nov. 19 Nov. 18 Copper 1540-1542 1488-1490 1440-1445 1465-1466 1470-1475 Lead …
Continental interested in diamond claims
Shares of Continental Precious Minerals of Toronto, involved in the exploration and development for, among other mineral products, diamonds, were recently listed on the Montreal Exchange (symbol czq)….
Irish question tackled at Ennex’s Sperrin gold bet
While a viable solution to centuries-old troubles involving the Catholics and Protestants of Northern Ireland has eluded successive British governments, Dublin-based Ennex International is attempting …
St Joe drills off reserves on Kenora P & M property
Two quiet years of exploration by St. Joe Gold have resulted in another gold deposit for the company. An 18,440-m drill program has been completed on the company’s Shoal Lake property held under optio…
Thunderwood bids to follow in Aur Resources’ footsteps
Just as Aur Resources is about to cross the barrier separating promising young junior exploration companies from Canadian gold producers, Chairman James Gill has hatched another company to take its pl…