EQUIPMENT MINERS WANT
Mine equipment manufacturers are continually bombarded with ideas for innovative mining machines. The flow of ideas combined with new computer technology makes the possibilities for new equipment limi…
News
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 01, 1987)
May 26 May 25 May 22 May 21 May 20 ** ** Gold London Bullion Dealers afternoon (morning) $US per oz. ** 449.00(459.65) N/A 466.50(473.60) 469.10(468.60) 475.25(479.95) ** Gold Ba…
Noranda continues exploration work on Central property
Twenty-nine claims were staked in 1986 on Central Crude’s Mishibishu Lake property in northwestern Ontario, the company reports. The staking, performed to protect the western extension of recently dis…
Sherritt Gordon to discontinue Ruttan operation
Sherritt Gordon Mines has announced its intention to discontinue operations at its Ruttan mine in Leaf Rapids, Man., in mid-September. Transfer of ownership of Ruttan Mine to Hudson Bay Mining and Sme…
Chevron, Stroud hit new zone
Another mineralized zone has been discovered by partners Chevron Minerals and Stroud Resources on their Hislop gold property southeast of Timmins, Ont. The latest showing comes 1,300 ft northwest alon…
WHAT’S NEW Drilling equipment Swedish diamond drills
J. Larocque Drill Supplies of Laval, Que., is distributing two diamond drills which are new to the Canadian market. The two drills, called onram and toram, are manufactured in Sweden by Hagby Bruk ab….
WHAT’S NEW DRILLING EQUIPMENT Two New Portable Compressors
Sullair Corp. of Michigan City, Mich., has introduced two new portable rotary screw air-compressors. Called the 175Q and 185Q, the two new units deliver 175 cu ft and 185 cu ft of air per min. They fe…
Metal Prices FREE MARKET London Metal Exchange (June 01, 1987)
Spot closing prices in Pound Sterling per tonne Date May 26 May 25 May 22 May 21 May 20 Copper 915.5-916.5 N/A 918-919 908-909 914.50-915.50 Lead …
O’Leary-Malartic lets claims lapse
Following completion of a geophysical program on a Mazarin Twp., Que., property owned by O’Leary-Malartic Mines, the company allowed its claims to lapse, O’Leary-Malartic says in its report to shareho…
SUPPLIER’S NOTES Ranger Helicopters, Canada
To simplify its operations Ranger Helicopters, Canada will henceforth be operating only one licensed helicopter comp any and winding down its other three licensed companies. The continuing company w…
Yorbeau encouraged by drill results
Drilling to date from the Aw zone on Yorbeau Resources’ Astoria property near Rouyn-Noranda, Que., totals 32 intersections, of which 78% have assayed gold values in excess of 0.1 oz per ton, President…
McChip exploration to continue in 87
Despite a drop in international oil prices which reduced the company’s revenues from $589,745 or 20 cents per share in 1985, to $215,598 or 7 cents per share during fiscal 1986, McChip Resources plan…