Metal Prices FREE MARKET London Metal Exchange (July 20, 1987)
Spot closing prices in Pound Sterling per tonne Date July 14 July 13 July 10 July 9 July 8 Copper 1038-1040 1047.5-1048 1052-1053 1033-1034 1041-1043 Le…
News
Sullivan directors reject offer by Ste Genevieve
Directors of Sullivan Mines have come out against a takeover bid by Ste. Genevieve Resources and are proposing a merger with Cambior Inc., which currently has a 31% stake in Sullivan and has expressed…
New gravel road to access Canamax and Magino mines
Construction of a 14-km all- weather commuter road, linking two new mine sites in the Goudreau-Lochalsh area near Wawa, Ont., is scheduled to begin later this year. While construction rests on the res…
Gunnar, Mill City to lease gold betin Colorado
Gunnar Gold and Mill City Gold have entered into a lease agreement with Horizon Gold Shares of Evergreen, Colo., to evaluate the Ute Creek property near Idaho Springs, Colo. The lease calls for minimu…
Redpath publishes mining cost book (July 20, 1987)
Junior mining companies wishing to estimate the preproduction capital costs of a small underground exploration project can do so themselves with the help of a new publication prepared by the experienc…
Ateba drilling in Munro Twp.
Ateba Resources has commenced a program of overburden drilling on a 52-claim property straddling the Munro and McCool twp. boundary, 100 km east of Timmins. This ground is held under option from Arkro…
Investment Comment Track record makes Minnova a bet
With three new high grade mines coming onstream by 1989, greater cash flow and clean balance sheet, Minnova Inc. looks like a worthwhile bet to a couple of Toronto brokerage houses. In a report titled…
News in Brief (July 20, 1987)
Geomaque Explorations has completed a geophysical survey on its 29-claim property in Bourlamaque Twp., Que. The work outlined several anomalies which have never been drill tested.
Exploration on Leipsigate bet to be squekly clean, Coxheath
Geologist Michael Riddell says his tse-listed company, Coxheath Gold Holdings of Halifax, is going to tread very softly exploring a gold property in Nova Scotia, near the town of Bridgewater. Located …
Barrick selling Wilanour shares
The controlling shareholder of Wilanour Resources, American Barrick Resources, is selling its 67% in the company to Robert Fasken and an unnamed “major mining corporation.” Mr Fasken has interests in …
Balcor confirms reserves on Lynn Lake project
A previously known gold deposit near Lynn Lake, Man., has been confirmed and enhanced by Vancouver-based Balcor Resources in a major exploration program. The company started drilling the deposit in Fe…
Alberta Stock Exchange Disputes affect stocks
On a week when Alberta gold stocks awoke from recent slumbers, allegations of fraud and breach of contract affected a couple of issues quite differently. News that Mohave Gold will retain a 100% of it…