News


Halex acquiring interest in Heenan gold property

A letter of intent has been signed between Falconbridge Ltd. and Halex Resources which gives Halex the option to acquire a 40% interest in the Heenan property located 135 miles southwest of Timmins in…


Queries No, Handley does not have a mine

I would like some information with regard to some shares I own in Handley-Gerlach Mines. They were given to me by my brother-in-law in his will and I would like to find out if: the shares are any good…


Yukon silver bet for Apex Energy

Apex Energy Corp. reports it has acquired a 100% interest in a group of nine mineral claims in the Rancheria silver camp in southeastern Yukon Territory. Known as the tbmb property, it lies near the h…


Financial shot-in-the-arm for Windy Craggy project

The big Windy Craggy copper- gold-cobalt-zinc project of Geddes Resources is getting another financial shot in the arm. The company says it has raised an additional $4 million in flow- through share f…


HBMS buying Ruttan mine from Sherritt

The Ruttan mine at Leaf Rapids, Man., is being acquired by Hudson Bay Mining and Smelting from Sherritt Gordon Mines in a deal that is expected to be concluded by July 15. Hudson Bay Mining, a subsidi…


Editorial A question of money

In this space last week, we carried an excerpt from a speech by W. R. A. Aitken, executive vice-president, Inco Ltd., in which Mr Aitken called on the mining industry to tell the public the story of t…


Newfields sees cash-flow start by late 1987

Chelsea Resources, a company associated with Newfields Minerals, is looking at a production startup date of July 1988 on its 55%-owned Spotted Horse gold mine in Montana, a former producer active in t…



Change at Maggie spurs option

There has been a management change at International Maggie Mines which has enabled the company to pursue an option agreement with Minnova Inc., formerly Corporation Falconbridge Copper. Millard H. Lut…


Moneta options Hananni ground

Nahanni Mines has optioned its 86-claim Michaud Twp. gold property to Moneta Porcupine Mines, President J. A. Harquail told shareholders at the Nahanni annual meeting. Moneta paid $50,000 on signing a…


Metal Prices PRODUCER PRICES (June 29, 1987)

ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (June 11, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.35-$3.45 per lb. (June 4, 1987). CA…


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