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…
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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…
More exploration, development on agenda for Belmoral Mines
In a strong financial position today compared with recent years, Belmoral Mines will be placing more emphasis on exploration and development, says the company’s new president. “We have to dedicate our…
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…
Inspiration, Minorco deal will form new gold company Set for two
A new partnership, designed to search for and acquire gold reserves in North America, is being formed by Minorco and Inspiration Resources Corp. The partnership will consist of all the assets of Inspi…
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…
Tusk Goudreau option
Tusk Minerals has acquired an option to earn a 50% interest in 21 claims northeast of Wawa, Ont. Located in the Goudreau-Missanabie area, the claims are located seven miles east of the Magino and Krem…
COATS Trading Features (December 28, 1987)
Newly-listed Strike Minerals showed some life, trading more than 78,000 shares this week. The company, which is one of the handful of coats juniors to raise any money after the Oct 19 crash, is explor…