Westmin profit climbs on Lacana sale, oil gain
The sale earlier this year of the company’s holding in Lacana Mining Corp. was one of the major factors leading to a big improvement in earnings reported by Westmin Resources for the first six months….
News
Cominco releases first phase assays from Kinsley Mtn.
Cominco Resources has received some encouraging drill results from its 60% owned Kinsley Mtn. gold property in eastern Nevada. U.S. Minerals Exploration Co. holds a 40% participating interest in the 5…
Reserves understated at Noranda/Getty bet
With 24-hour darkness drawing closer by the day and a frigid arctic air mass biting at their heels, Noranda Exploration and Getty Resources are expanding a potentially mega-size gold deposit underneat…
Rock Congress
The Canadian Rock Mechanics Association, together with the hosts and co-sponsors, the CIM and the Canadian Geotechnical Society, is preparing to host the Sixth International Congress on Rock Mechanics…
News in Brief (August 24, 1987)
Strata Energy Corp. has changed its name to U.S. Platinum Inc. (upt:vse) on a share for share basis.
Till, rock sampling values encouraging
Both till and rock sampling have located a number of areas of anomalous high gold values on the Wolverine Pond — Trap Pond — Flatwater Pond assemblage of 1,647 claims in the Baie Verte area of Newfo…
Edomar funding
Subject, it says, to the company succeeding in obtaining a listing on the Alberta Stock Exchange, Edomar Resources reports it has an agreement in principle with Excan Mineral Exploration and Co., Ltd….
Montreal Exchange Active market traders
Two companies active in a 3-firm, joint-venture platinum exploration project in northern Quebec, Messeguay Mines and Oasis Resources, were top traders this week on the Montreal Exchange, with Messegua…
Gunnar funding
Gunnar Gold Inc. reports it will raise $1,250,000 through a private placement agreement for the issuance of common shares and share purchase warrants, the latter entitling holders to acquire an equal …
Breakwater well into black on gold price, productivity
Higher gold prices coupled with productivity increases at the Cannon mine in Washington State put Breakwater Resources solidly into the black during the first half of 1987. Net earnings for the period…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (August 24, 1987)
Aug. 18 Aug. 17 Aug. 14 Aug. 13 Aug. 12 Gold London Bullion Dealers afternoon (morning) $US per oz. 457.50(454.90) 453.30(454.80) 460.00(457.40) 462.50(462.05) 463.40(461.00) Gold Bank of Nova Sco…
Gordex heap-leach mine into commercial production
Gordex Minerals scored a Canadian gold mining first when it announced commercial production at its Cape Spencer claims northeast of Saint John, N.B. this week. The Cape Spencer project is Canada’s fir…