Que West refinances
A refinancing and capital reorganization program is in progress for Que West Resources. The company says it has an agreement with Cancapital Corp. and S.C. Equities, whereby these companies have acqui…
News
Coniagas Group releases 1987 first half results
The companies which form the Toronto-based Coniagas Group have just released results for the six months ended June 30, 1987. Quebec Sturgeon River Mines reported a loss for the period of $119,184 or 1…
Dolphin driving a decline at Cape Ray gold project
A $4-million exploration program is being undertaken this year by Vancouver-based Dolphin Explorations at its Cape Ray gold project in southwest Newfoundland which includes the driving of a decline on…
New leach pad ups production for Grandview
Gold production at Grandview Resources’ Carson Hill mine in California has increased substantially with the commissioning of the No 2 leach pad. August production was 3,144 oz which compares to 2,332 …
Northair completing exploration on Willa
Northair Mines says the $2.1-million exploration program at its Willa property in southeastern B.C. is now over 60% completed. The 1,100-ft underground decline has reached the lower portion of the Wes…
East zone on Mooseland bet better than west, Acadia
The eastern zone of Acadia Mineral Ventures’ Mooseland property in Nova Scotia is shaping up to be very interesting. Based on the most recent drill results, the zone is beginning to show better contin…
Northway, Aur are partners at Bargold
Northway Explorations has entered into an agreement with Aur Resources on the 20-claim Bargold property in Barraute Twp., Que. Northway can earn a 40% interest by spending $2 million on exploration ov…
Sale of shares boosts earnings for CoCa Mines
The sale of shares in a major silver producer boosted first-half earnings of CoCa Mines to $1.76 million(US). This figure compares to an $858,000 loss a year earlier. CoCa has an 8% interest in Equity…
Glamis receives tailings permit
A permit to treat about 2.5 million tons of dump and stamp mill tailings, left over from the former operations at the Yellow Aster mine in California, has been received by Vancouver-based Glamis Gold….
Metal Prices FREE MARKET London Metal Exchange (September 28, 1987)
Spot closing prices in Pound Sterling per tonne Date Sept. 22 Sept. 21 Sept. 18 Sept. 17 Sept. 16 Copper 1126-1127 1135-1136 1120.5-1121 1121-1123 1192-1193 Lead 378-379 390-391 …
News in Brief (September 28, 1987)
Berglynn Resources, Vancouver, reports drilling is under way on its Klondike City placer gold prospect, across the Klondike River from Dawson City, Yukon. According to President Ernest Bergvinson, the…
Moneta Porcupine active at Michaud
Additional drill results have been received by Moneta Porcupine Mines from the company’s Michaud Twp., Ont., property. Located east of Timmins, the property has been the site of drilling since July. S…