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…
News
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…
COATS Trading Features (August 17, 1987)
Trading on the coats system is proving to be a big success. For the month of July, data shows that volume totalled more than 43 million shares for a value of $138.2 million. One of the more active iss…
NSR Resources spends $4.4 million at Malartic project
NSR Resources of Toronto has completed pre-engineering and tendering for the 1987 underground work on its Rand Malartic project in Fourniere Twp., Que. A $4.4-million exploration program to be complet…