Overwhelming approval of Placer-Dome merger
Placer Dome Inc, is a now a reality, and becomes North America’s biggest gold producer. Shareholders at Aug 12 meetings in Toronto and Vancouver gave overwhelming assent to the merger of Placer Develo…
News
Terra and White Lightning exploring in Kootenays
Terra Mines has reported a net loss of $79,000 for the 1987 second quarter compared with a loss of $109,000 during the same period last year. The company also reported a net loss of $120,000 on revenu…
Ramp expansion at Gwillim
Greenstone Resources says a partially developed ramp at its Gwillim gold property in the Chibougamau area of Quebec will be expanded and a program of exploration drifting carried out. President Ian Pa…
Abcourt makes financing deal
A joint venture has been signed between Abcourt Mines and Gestion Consulta of Val d’Or whereby the latter has undertaken to raise $7 million in two stages during the next two years for exploration wor…
Sweany finds high grade at Beardmore gold camp
Diamond drilling at Sweany Gold’s joint venture project in the Beardmore camp north of Thunder Bay, Ont., has encountered interesting gold mineralization on two of its properties. At the A. E. Hopkins…
Wescap/Coulson pact
Wescap Enterprises says it has an agreement with Coulson Exploration for the latter to earn up to a 50% interest in a group of claims held by Wescap in Sandra, Irwin, Walters and Dorothea twps., near …
Maufort encouraged by drill results
A continued gold-bearing structure 141 ft in width has been intersected by drilling at a vertical depth of 1,400 ft at the Siscoe Extension project in northwestern Quebec, Maufort Resources reports. H…
Baden raises work financing
A private placement worth $192,000 will enable Baden Explorations to continue exploration work on property in Baden Twp. in northeastern Ontario, the company reports. The company’s property comprises …
Levon, Veronex drill high grade
Diamond drilling by Levon Resources and Veronex Resources, has intersected high grade gold values from their Howard tunnel project in B.C. Hole 19 cut a 15-ft section grading 2.48 oz gold per ton. Hol…
Metal Prices FREE MARKET London Metal Exchange (August 17, 1987)
Spot closing prices in Pound Sterling per tonne Date Aug. 11 Aug. 10 Aug. 7 Aug. 6 Aug. 5 Copper 1136-1137 1128-1130 1112.5-1113 1107-1109 1119-1120 Lead 421-422 422…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (August 17, 1987)
Aug. 11 Aug. 10 Aug. 7 Aug. 6 Aug. 5 Gold London Bullion Dealers afternoon (morning) $US per oz. 461.20(463.20) 461.10(459.50) 464.10(464.00) 468.70(468.85) 469.80(469.85) Gold Bank of Nova Scotia, …
THE EDITORIAL PAGE A crisis in mining education
There could be something of a crisis looming for mining companies looking to recruit professional and technical personnel for their future operations from Canada’s schools. The past few years of poo…