Metal Prices FUTURES PRICES (September 28, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sept. 82.55 81.20 81.70 + 0.40 Dec. 81.00 79.70 80.20 + 1….
News
Feasibility study indicates profitable Viceroy operation
A feasibility study for Viceroy Resources’ Castle Mountain property in California concludes the project will be a “higher than average grade open pit heap leach gold mine with favorable operating cond…
Omni active exploring major Yukon gold find
The most significant gold discovery in the Yukon’s Wheaton River Valley in many years has been made by Vancouver-based Omni Resources. The importance of the find has been known for at least a year bec…
REPORT FROM CALGARY La Ronge – golden game farm?
The year 1987 has been good to prairie province companies which explore for gold in this part of the Precambrian Shield that stretches from Hudson Bay to Great Bear Lake. Commanding a lot of attention…
Adams to drill
Drilling is set to start on the precious metal massive sulphide prospect of Adams Exploration northeast of Kamloops, B.C., the company reports. Adams says current work on the property has outlined a 1…
Ansil to share in mine earnings
A Toronto-based mining company figures to share in the profits when Minnova Inc.’s rich Ansil copper mine in northwestern Quebec goes into production (N.M., Sept 14/87) at the end of 1988 or beginning…
Belmoral completes exchange of units
The exchange of previously issued units into 4.3 million common shares and 4.3 million common share purchase warrants has been completed, Belmoral Mines reports. The units were purchased July 15 by Mc…
Thor Gold options B.C. mineral claims
An option to acquire a 50% interest in five mineral claims in the Similkameen division of the Yale district, B.C. has been acquired by Thor Gold Corp., from Highland Valley Resources To exercise the o…
Greenstrike, Petromet to expand program
A third diamond drill is now drilling on the Fifteen Mile Stream gold property of Pan East Resources in Nova Scotia, where Greenstrike Gold Corp. and Petromet Resources report they have expanded their…
Montreal Exchange Trading stays moderate
Except for one day early in the week, when trading soared to more than 18 million shares (approximately 10.8 million shares of a non- resources stock were involved in the day’s total), activity on the…
Obituary Dr Alan Bauer
Dr Alan Bauer, head of the department of mining engineering at Queen’s University, Kingston, Ont., has died at age 55. During Dr Bauer’s 21 years at Queen’s, he made many contributions to mining educa…
Obituary Thomas Frank, AJ
Thomas Frank, a Reno, Nev. based consulting geologist who early in his career worked for Quebec Cartier Mining, has died, in Reno, at age 43. Mr Frank worked for Quebec Cartier while completing his ba…