Drilling scheduled at Frond Lake bet
Drilling is to begin mid-June at the Frond Lake gold prospect, located 60 mi east of Pickle Lake and 250 mi north of Thunder Bay in northern Ontario, Ayrex Resources Chairman David Walsh reports. Ayre…
News
Metal Prices PRODUCER PRICES (June 08, 1987)
ALUMINUM: MW U.S. Market 70.00 cents -72.50 cents per lb. (May 28, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.30-$3.40 per lb. (May 28, 1987). CAD…
Vista results
Regina-based Vista Mines has released more assay results from Phase I of the diamond drill program conducted on its Bootleg Lake gold property earlier this spring. Phase I consisted of over 12,500 ft …
Editorial The one per cent solution
The longevity of any mining venture is of prime importance to miners and investors alike. Miners want a secure job in a stable community where they can raise their families and investors want to own s…
Delbridge decides to drill DeSantis
The first hole on the DeSantis property in Turnbull Twp., near Timmins should be drilled in two weeks, according to Robert Onotsky, president of property owners Delbridge Mines. The company has decide…
News in Brief (June 08, 1987)
Hambro Resources has changed its name to Richwell Resources (rwl:vse) on a one-new-for-three- old share basis.
People (June 08, 1987)
Sumac Ventures — Edward D. Ford appointed to the board of directors.
Price gains, lower costs impel Dome group profit
It was a banner first quarter in 1987 for the Dome Mines group of gold-producing companies. On a consolidated basis, Dome reports net income for the period of $17,126,000, or 19 cents a share, compar…
Nova Beaucage raises funds
Toronto-based Nova Beaucage Mines has completed a private placement of $2.7 million with the Societe en Commandite CMR 1987 Partnership. Under the terms of the placement, the partnership will earn a 1…
General News & Comment Gold Conference
A 2-day World Gold Conference sponsored by The Financial Times is set for June 22-23 in Venice, Italy. Authorities from Frankfurt, London, New York, Tokyo and Zurich will be speaking this year, with m…
Emerald Lake anticipating higher grade
Results from Emerald Lake Resources’ Golden Rose gold property in northern Ontario continue to exceed expectations, the company reports. The property, located northwest of North Bay, Ont., could be in…
COATS Trading Features (June 08, 1987)
Card Lake Resources continued its upward climb to a high of $2.50. The company is busy with an exploration project on ground in the Harker-Holloway area north of Kirkland Lake, Ont. Winteroad Resource…