Drilling commences at Beaufield project
Drilling started recently on Beaufield Resources’ joint venture property in the Lac Barry-Macho River area of Quebec. Joint venture partner Falconbridge Ltd. reports that two drills are currently work…
News
States picks up PGM bet in Que
Toronto-based States Exploration has acquired two platinum group element (pgm) properties near Baie Comeau, Que. The ground covers a major structure at the contact between the southern extension of th…
Norex amalgamation (August 10, 1987)
Consolidated Norex Resources plans to amalgamate with its 100%-owned affiliate Triweb Resources. The former name will remain. The proposed effective date of amalgamation is Aug 31. The deal remains su…
First platinum and palladium available next week, Stillwater
The first platinum and palladium sponge produced from the Stillwater Mining mine’s sulphide concentrates will be available to sell on the open market in about a week. It was produced by the Metallurgi…
Platinum results for Prophet Res.
Platinum values have been assayed by Prophet Resources from the company’s Brady property near Sudbury, Ont. Located in Parkin Twp., the property has been the site of surface stripping and channel samp…
Newfields reserves for Teck-Hughes
A geological reserve of 100,000 tons grading 0.25 oz gold per ton has been calculated for Newfields Minerals’ Teck-Hughes property. Located near Kirkland Lake, Ont., the Teck-Hughes property is believ…
Metal Snips (August 10, 1987)
The Australian Nugget gold bullion coin achieved worldwide sales of 246,038 oz comprising 570,416 coins less than three months after it went on sale this year. The sales were almost double the origina…
Beaver Creek acquires option in old producer
A privately-held Montreal firm, Beaver Creek Goldfields, has acquired from its major shareholder, the American company Beaver Creek Explorations U.S.A., the rights to an agreement with Mesa Silver Cor…
Underground program near at Regional’s Midway bet dd
A $10-million underground program could begin later this year at Regional Resources’ Midway property on the B.C./ Yukon border. President Graham Farquharson emphasized at the annual meeting that under…
Exploration work for Radcliffe
Radcliffe Resources says exploration is progressing on the company’s Bam gold prospect, in northwestern B.C. Radcliffe’s property is located approximately 100 miles north of Stewart, B.C. and is appro…
COATS Trading Features (August 10, 1987)
Additional drill results look good from Card Lake Resources’ gold play in Harker Twp, Ont. A 12.5-ft section assayed 0.235 oz gold per ton. The property is located two miles west of the Holt-McDermott…
Metal Prices PRODUCER PRICES (August 10, 1987)
ALUMINUM: MW U.S. Market 76.50 cents -79.50 cents per lb. (July 30, 1987). ANTIMONY: New York dealer $1.06-$1.12 per lb. (July 30, 1987). BISMUTH: New York dealer $3.35-$3.55 per lb. (July 30, 1987). …