Echo Bay results
Results printed (N.M., Oct 12/87) from three stepout drill holes at Echo Bay’s Cove deposit in Nevada were incorrect. Intersected were gold values ranging from 0.034 oz per ton to 0.124 oz, and silver…
News
Vancouver Stock Exchange Market crash totally unexpected
The Vancouver market has been sliding for over a month but Monday’s crash was totally unexpected. Ironically it happened three years to the day after the infamous Black Friday of Oct 19, 1984 when a s…
Armistice awards $4-million contract
Armistice Resources has awarded a $4-million contract to Dynatec Mining for the rehabilitation of the Armistice Exploration shaft on the company’s Sheldon-Larder property in northwestern Ontario. The …
Metal Prices FUTURES PRICES (October 26, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. — — 75.20 — 10.50 Dec. 78.90 73.40 74.60 — 10….
Etruscan drills holes in Nevada
Five shallow drill holes have been completed on Etruscan Enterprises’ Gabel Canyon property in Nevada. A sulphide-rich near-surface zone has been found which the company believes could represent part …
Galactic to acquire control of All-North
Galactic Resources will acquire a 64% control position in All-North Resources. The agreement calls for All-North to acquire Galactic’s 96.04% equity interest in Hudson-Yukon Mining in exchange for the…
Placer Dome extends option on Omai bet
Placer Dome Inc. has elected to continue with its option on Golden Star Resources’ Omai gold property in Guyana, South America. Known in their agreement as a further study option, it requires that Pla…
Editorial Panic devastates financial markets
Nobody — but nobody — in the entire financial community has ever witnessed anything quite like the market debacle and bloodletting that has taken place on leading stock exchanges around the world th…
Montreal Exchange Week of the plunge
With panic-selling sweeping world markets this week, investors on the Montreal Exchange could hardly be expected to react differently. Down almost 168 pt (9.5%) on “black Monday” and 99.2 pt (6.2%) th…
Lencourt acquiring interest in Alaska asbestos deposits
Junior-mining firm Lencourt Ltd. has signed an agreement to acquire a 50% working interest in the Slate Creek chrysotile asbestos deposits in Alaska from Tanana Asbestos Corp. along with a royalty int…
Mines ministers differ on free trade
Canada’s two chief political spokesmen for the mining industry appear to be at odds over the recent Canada-U.S. free-trade agreement. In a recent interview with The Northern Miner, the federa…
Overseas Platinum active in Ecuador (October 26, 1987)
Overseas Platinum has signed an agreement with an Ecuadorian company for the exploration of a gold-platinum placer property in northwestern Ecuador. Prior to closing the deal, Overseas Platinum panned…