Montreal Exchange La Pause issues active
While results of La Pause Resources’ exploration program this past winter have yet to be released, stories “on the street” suggest encouraging numbers, particularly from the Lac Tremoy and Adanac gold…
News
General News & Comment Attendance is well down at World Mining
Perhaps the high cost of staying in Sweden — a single room in a fairly good hotel costs $130 per night and a cup of coffee at least $2 — kept potential delegates away from the 13th World Mining Cong…
St Andrew Goldfields, close to Stock property decision
Buoyed by the discovery of a high grade gold bearing deposit north of its promising Stock Twp. property near Timmins, Ont., St Andrew Goldfields Ltd. says it is close to a production decision on the p…
Drill program for Inter-Pacific
A second stage drill program is planned shortly at Inter-Pacific Resource’s North Arm gold prospect 60 miles north of Brisbane, Queensland. The company notes that one promising target lies in the vici…
Noranda to drill Andaurex project
Noranda Exploration is expected to start a follow-up exploration program shortly on claims held by Andaurex Resources. The ground is located near Silverton, B.C. Noranda is expected to investigate a b…
General News & Comment Women’s Association
Mrs R. M. Ginn is the new president of The Women’s Association of the Mining Industry of Canada, for the 1987-1988 year. Mrs R. G. Freed becomes immediate past-president. Among other officers elected …
Zenco drilling in Squall Lake
Zenco Resources has completed a 11,000 ft drilling program on its Squall Lake property at Snow Lake, Man. Located five miles north of a gold deposit with announced reserves of 426,000 tons grading 0.3…
New gold mine for Manitoba
When the call came in from Granges Exploration to oversee a drill program in Manitoba, the ex-Hudson Bay Mining and Smelting project geologist accepted under two conditions. The property had to be nea…
Metal snips (June 08, 1987)
The Canadian Steel Service Centre Institute reports a positive mood among its members. Results of a recent survey indicate 35% of the membership is bullish on further increases in business activity, w…
First-quarter profit greets Queenston shareholders
A first-quarter net income of $120,000 (1 cents per share) has been recorded by Queenston Gold Mines, compared with a loss of $94,000 (1 cents per share) for the same period in 1986. The company show…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 08, 1987)
June 2 June 1 May 29 May 28 May 27 ** Gold London Bullion Dealers afternoon (morning) $US per oz. 455.00(449.30) 442.90(443.40) 451.00(451.75) 453.10(453.35) 449.50(447.90) Gold Bank of Nova Scotia,…
Vancouver Stock Exchange Significant drop in volumes
With gold prices remaining flat, trading activity on Vancouver has dropped significantly along with share values. But this could change quickly if the yellow metal stages a rally which is possible whe…