Delaware options Ungava prospects
Calgary based Delaware Resources has signed a letter of intent to option four of the Ungava region prospecting permits in Northern Quebec to Beaufield Resources Inc. Delaware holds a 50% working inter…
News
Cominco Res. seeks $40m. for offshore exploration
A final prospectus has been filed by Cominco Resources International which should raise about $40.2 million for exploration work on properties outside Canada, Alaska and Australia. The international o…
Throughput climbs for Rhyolite Res.
A small gravity concentrator is operating at Rhyolite Resources’ Texada Island gold property northwest of Vancouver. President John Bissett says that throughput has increased gradually and now average…
Base-metal prices on move upwards
Is the rise in precious metal prices having a positive effect on base metals? Copper, which sold for an average price in 1986 of 62 cents (US) per lb, is currently over the 70 cents mark; lead, with …
Reorganziation for Kennedy?
Could you please furnish me with an update on Kennedy Resources Inc. They did not renew their listing a few years back and were associated with Consolidated Cinola Mines, before they changed to City R…
COATS Trading Features (May 18, 1987)
Belleterre Quebec Mines and Boston Bay Mines were both better this week, up to 60-65 cents and $3.50-$4 respectively. Belleterre owns 40% of Boston Bay which owns the property where TSE-listed Madele…
New gold mines set to produce
Thirteen new gold mines that are expected to start up this year in the United States will add more than a half-million ounces of production capacity to that country’s annual gold production, the Metal…
New mill, gold mine are planned by Lac
A new mill for Kirkland Lake and a decision to develop Bousquet No 2 mine in northwestern Quebec have been announced by Lac Minerals. The $13-million mill, to process ore from Lac’s Macassa operation …
X-Cal drilling (May 18, 1987)
A percussion drilling program is planned to start this month, X-Cal Resources says. The work will be performed on the company’s Tyax property in the Bridge River- Bralorne area of B.C. Previous work o…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (May 18, 1987)
Date May 12 May 11 May 8 May 7 May 6 Gold London Bullion Dealers afternoon (morning) $US per oz. 460.70(460.25) 453.00(454.75) 453.00(456.70) 456.25(457.40) 456.25(456.7…
Busy year for Tandem Resources
“Dramatic and positive changes in the company’s affairs have taken place during the past year and it is expected that this trend will continue this year with the company heavily involved in a number o…
Pencrude to earn interest in claims held by Interquest
A letter of intent under which Pencrude Resources will be able to earn a 50% working interest in 257 claims held by Interquest Resources in the Moss Twp.-Powell Lake area of northern Ontario has been …