Trio busy with several projects
A diamond drill program is in progress at Trio Gold Corp.’s Spanish Mountain property located four miles southeast of Likely, B.C. The 15,000-ft program is designed to evaluate sections of trenched ar…
News
Metal Prices PRODUCER PRICES (August 24, 1987)
ALUMINUM: MW U.S. Market 81.50cents-82.00cents per lb. (Aug 13,1987). ANTIMONY: New York dealer $1.10-$1.15 per lb. (Aug 13, 1987). BISMUTH: New York dealer $4.50-$4.80 per lb. (Aug 13, 1987). CADMIUM…
Six-month output at Summitville totals 24,000 oz
Production of 24,000 oz gold has been announced by Galactic Resources from its Summitville mine during the first six months of 1987. The mine, which began heap-leaching operations in June, 1986, produ…
Forest Hill grades confirmed, 20 year mine life envisioned
High ore grades averaging 0.48 oz gold per ton from the Forest Hill mine in Nova Scotia have been confirmed by Seabright Resources. The good news comes after 17,700 tons of ore from the mine were proc…
Two drill rigs on Perrex bet
Two diamond drill rigs will start drilling in early September on the northeastern Ontario Iris Gold claims of Perrex Resources, the company reports. President Alex Perron says stripping, trenching and…
NO HEADLINE (August 24, 1987)
TEXT: Cominco Resources International spent $1.9 million on various exploration projects during its first quarter of operation. Feasibility work was also in progress at three projects: Topaz berylliu…
Coal Conference (August 24, 1987)
The 6th Australian Coal Conference conducted by the Australian Coal Association will take place April 17-21, 1988, in Brisbane. Theme of the conference will be international challenge and response. Am…
Books (August 24, 1987)
The Saskatchewan Geological Society is holding a stock- reduction sale of several of its special publications. Book prices in effect as long as supplies last or until the end of the year (whichever is…
Overseas Platinum acquires interest in GUYANA gold bet
Overseas Platinum recently acquired the right to earn a 76% interest in a large gold property in the Republic of Guyana. The 354-acre mining lease covers the Hick’s vein, which was explored by Cominco…
Loss by potash firm cuts into Rio earnings
A substantial loss incurred by Potash Corp. of America was the principal reason for a decrease in consolidated net earnings for Rio Algom in the first six months. The company reports earnings in the p…
Amir buys control of Arizona Star
A 36% interest of Vancouver-based Arizona Star Resource was recentl y acquired by Amir Mines. The latter purchased 1.2 million shares for $864,000. In addition, Amir acquired a one-year option to purc…
New Quintette Coal pit to boost output, revenue
Quintette Coal dug deeper into the black as it opened its new Shikano pit at a capital cost of $12 million. “This third production area will represent 20% of production output and, more importantl…