Polestar outlines platinum anomalies
Anomalous zones of nickel, copper and platinum group metals values have been identified by Polestar Exploration on the company’s Kluane Lake claims in the Yukon. A stripping program is under way in ad…
News
Aber one of many companies looking for gold in the N.W.T.
The venerable DC-3 aircraft helped open up the north, but in recent years flow-through financing has played a major role in developing its mineral wealth. The pace of exploration in the Northwest Terr…
Rambo initiates drilling program
A 15,000-ft drilling program is in progress on the Coleraine property in Quebec’s Eastern Twps., near Thetford Mines, to test for chromium, platinum and gold, Rambo Explorations reports. While no assa…
Metal Prices FREE MARKET London Metal Exchange Spot Gold, Silver,
Sept. 8 Sept. 7 Sept. 4 Sept. 3 Sept. 2 Gold London Bullion Dealers afternoon (morning) $US per oz. 456.95(462.75) 463.50(464.40) 464.75(464.40) 463.70(462.15) 463.10(456.55) Gold Bank of Nova Sco…
Strike in S. Africa lasts three weeks
The more than 300,000 gold and coal miners in South Africa who went on strike this summer for three weeks returned to work without the 30% increase in wages the National Union of Mineworkers was deman…
Flanagan and partners exceed reserve numbers
Estimated reserves at the Magnacon gold project northwest of Wawa, Ont., are strongly exceeding original expectations, the three joint-venture partners report. The companies involved in the project ar…
Nordac is encouraged by drilling, trenching on Yukon joint venture
Encouraging results are reported by Nordac Mining Corp. on the Goldstar gold property on Mt. Freegold, in central Yukon. Nordac is in a joint venture on the property (66 2/3%), with Rexford Minerals, …
Syngold joins with Minnova to explore bet
An agreement has been reached between Syngold Exploration and Minnova Inc. whereby the former will participate in an underground exploration program at the Delbridge/Kerralda property near Rouyn-Noran…
Yukon Chamber mining school
The British Columbia and Yukon Chamber of Mines will hold its 69th annual prospecting and mining school in Vancouver again this year. Classes begin Tuesday, Sept 15, and run Tuesday and Thursday eveni…
Editorial U.S. protectionism assaults potash
This country possesses the biggest and best potash deposit in the free world, and the biggest and best potash mines — period. With reserves in the billions and billions of tons of premium grade ore, …
Acadia bullish on Millstream Fault area near Bathurst, N.B.
One and a half million dollars is to be spent by Acadia Mineral Ventures on gold exploration in the Bathurst area of northern New Brunswick this year. Noranda Inc., through Noranda Exploration, by com…
New Goldstrike reserves a bonus to Franco-Nevada
A short-term pain for long-term gain mining strategy at the Goldstrike mine in Nevada, reduced Franco-Nevada Mining’s royalty and net profit returns during the first quarter of 1987. Franco-Nevada ret…