Sunmist considering winter drill program
A winter diamond drilling program will be considered by Sunmist Energy ’86 for the company`s Eric Lake gold property, following the evaluation of this summer’s exploration results. Located 50 miles in…
News
Bay/Jilbey expanding ore position on Fontana bet (September 21, 1987)
Latest exploration results from the Fontana property near Amos, Que., held jointly by Bay Resources & Services (75%) and Jilbey Industries (25%), indicate an expanding ore situation, which looks even …
Metal Prices FUTURES PRICES (September 21, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sept. 81.65 80.95 81.30 + 0.40 Dec. 79.90 78.75 79.20 + 0.05 …
BIOMINET meeting
Biominet, the federal government’s network, responsible for facilitating the exchange of information on biotechnology as it relates to the mining industry, will hold its fourth annual meeting Nov 4 at…
Metal Prices FREE MARKET London Metal Exchange (September 21, 1987)
Spot closing prices in Pound Sterling per tonne Date Sept. 15 Sept. 14 Sept. 11 Sept. 10 Sept. 9 Copper 1194-1195 1105.5-1106.5 1084-1086 1098.5-1099.5 1084-1086 Lead 386-387 …
Barrick deal, Pickens move unconnected, insider says
A joint venture agreement involving Newmont Gold and American Barrick Resources is the latest development in Newmont Mining Corp.’s attempt to stave off a takeover bid by an American investment compan…
Editorial Free trade — There are no guarantees
The Canadian mining industry wants and needs a free trade deal with the United States, but the outlook for it wasn’t much improved by the meeting on the subject the other day in Ottawa between Prime M…
Editorial Fun and games at the TIP TOP
Although it is easy to knock the government for all the crazy mistakes it makes, we’re tempted to bury the axe (for a moment, anyway) and tip our hardhats to Ottawa for its recent pragmatic initiative…
Gulf Titanium feasibility study
A feasibility report has been received by Gulf Titanium for its Cruse Belmont property in Montana. The report recommends taking the high grade gold property into production next spring at 200 tons per…
After four months of discussions, American Barrick Resources and
Gold have outlined the terms of a joint venture agreement to mine the surface oxide and deeper sulphide reserves of the Post deposit in Elko Cty., Nev. Located on the famed Carlin gold trend where New…
Big increase in revenue spurs profit for Pegasus
Among gold producers reporting much higher profits this quarter is Pegasus Gold. The company recorded net earnings of $4.3 million(US) for the quarter ended June 30, compared to $1.5 million a year ag…
Cominco Res. Nevada mine yields high grade hole
International has encountered paydirt at its Buckhorn mine in Nevada. The company describes the discovery as a “possibly significant high grade gold intercept,” noting the hole was drilled beneath the…