News in Brief Silver Bar Mines
Silver Bar Mines of North Bay, Ont., is to begin underground exploration at its Lady Blue mine located south of Kirkland Lake. A former copper producer, the property’s mineralization contains gold, si…
News
Jascan earns interest in Montana silver bet
Jascan Resources of Toronto has reached an agreement to earn an interest in a large silver/copper deposit in Montana. The agreement requires Jascan and partners Pacific Coast Mines and Atlantic Goldfi…
Hudson Bay picks up steam
Hudson Bay Mining and Smelting moved well into the black in the first half this year, thanks primarily to higher production and sales volume for both copper and zinc. In the second quarter, the compan…
Queries Lansdowne, Beaver Creek to merge
(Set 8 and 1/2 pt. on 10 times italic across TWO columns) Have you heard anything about the merger of Vancouver-based Lansdowne Oil and Minerals and Beaver Creek Goldfields of Montreal? I hear Beave…
Renabie ore reserves revised; underground work encouraging
Reserves at the end of July stood at more than one million tons at the Renabie Gold Mines’ property in northern Ontario, where significant gold values have been returned at the 3,930-ft level and a $3…
Some impressive results from Equinox PGM find
What probably represents one of the least promoted platinum group metal discoveries in the country has yielded some impressive results. Equinox Resources and Technigen Corp. have completed an extensiv…
Teck, Tundra project could produce in ’88
In the spring of 1985, 380 workers at the Lamaque gold mine near here, lost their jobs when Teck Corp. shut down the facility for lack of ore. By late next year, this famous mine could be reopened, la…
Steel consumption may drop 3% this year, OECD reports
Total steel consumption may decline by 3% this year among oecd- member countries, the Paris-based Organization for Economic Co- operation and Development reports in The Steel Market in 1986 and the Ou…
Initial results please Geomaque
Initial results from a program of reverse circulation drilling has yielded significant gold values from property in Bourlamaque Twp. in the Val d’Or area of Quebec, Geomaque Explorations reports. Basa…
Trio busy with several projects
A diamond drill program is in progress at Trio Gold Corp.’s Spanish Mountain property located four miles southeast of Likely, B.C. The 15,000-ft program is designed to evaluate sections of trenched ar…
Metal Prices PRODUCER PRICES (August 24, 1987)
ALUMINUM: MW U.S. Market 81.50cents-82.00cents per lb. (Aug 13,1987). ANTIMONY: New York dealer $1.10-$1.15 per lb. (Aug 13, 1987). BISMUTH: New York dealer $4.50-$4.80 per lb. (Aug 13, 1987). CADMIUM…
Six-month output at Summitville totals 24,000 oz
Production of 24,000 oz gold has been announced by Galactic Resources from its Summitville mine during the first six months of 1987. The mine, which began heap-leaching operations in June, 1986, produ…