Glamis receives tailings permit
A permit to treat about 2.5 million tons of dump and stamp mill tailings, left over from the former operations at the Yellow Aster mine in California, has been received by Vancouver-based Glamis Gold….
News
Metal Prices FREE MARKET London Metal Exchange (September 28, 1987)
Spot closing prices in Pound Sterling per tonne Date Sept. 22 Sept. 21 Sept. 18 Sept. 17 Sept. 16 Copper 1126-1127 1135-1136 1120.5-1121 1121-1123 1192-1193 Lead 378-379 390-391 …
News in Brief (September 28, 1987)
Berglynn Resources, Vancouver, reports drilling is under way on its Klondike City placer gold prospect, across the Klondike River from Dawson City, Yukon. According to President Ernest Bergvinson, the…
Moneta Porcupine active at Michaud
Additional drill results have been received by Moneta Porcupine Mines from the company’s Michaud Twp., Ont., property. Located east of Timmins, the property has been the site of drilling since July. S…
Campbell Res. expands Cedar Bay gold mine
Gold production is to be expanded at the Cedar Bay mine in Chibougamau, Que. The 29-year-old gold-copper producer is to be deepened 1,000 ft to a working depth of 3,200 ft. Consequently, an additional…
Citadel discovers new zone
A new ore zone has been discovered by Citadel Gold Mines at its property near Wawa, Ont. The zone occurs to the south of the existing Jubilee orebody, according to R. Campbell Todd, chairman. Estimati…
INVESTNEBT COMMENT Coxheath overlooked, report says
For investors looking around for a junior gold play with plenty of growth potential, Kleinwort Grieveson Securities Ltd. of London, England is recommending Coxheath Gold Holdings as a buy. While Seabr…
Nuinsco’s Cameron Lake ready for phase 2 ramp
We may be headed towards the cold months, but Toronto-based Nuinsco Resources is still in hot pursuit of hidden gold reserves. Just one week after announcing drill results from its Aldermac property i…
Dejour busy with several projects
Dejour Mines is involved with three diamond drilling projects. At Poirer, Que., Battle Mountain Gold is spending $500,000 of a $2-million program designed to test several gold targets on the property….
Newmont pushed to wall by gold-hungry Pickens
Analysts predicting that Newmont Mining Corp. would be pushed to the wall in its effort to stop Texas oilman T. Boone Pickens from taking control of the New York company, were proved correct this week…
Gold production on line for Mascot
Gold production during August at Mascot Gold Mines’ Hedley operation was 8,920 oz and September output is projected to be 10,000 oz, says the company. The mill is operating at design capacity of 2,700…
Westmin, Colony boost reserves at Blue Moon bet
Reserves at Westmin Resources’ Blue Moon project in California have increased by about one-third following a drill program. They now stand at 4.1 million tons (probable and inferred) grading 0.06 oz g…