Orcana negotiating on gold property
Toronto-based Orcana Resources is negotiating an agreement on a gold property in northern Ontario known to have intercepts of commercial gold values over modest widths, shareholders of the company wer…
News
Multinational gets $1m. from Japan
A large Japanese trading house will provide $1 million for exploration and development of Multinational Resources’ Toodoggone gold property in northwestern B.C. Two Canadian subsidiaries of Nissho Iwa…
Merger proposed for 2 companies
The directors of Golden Rule Resources and Goldsil Resources are recommending to their shareholders that the two companies merge. The amalgamated company will issue each shareholder of Golden Rule 1.5…
Go-ahead on Ansil upcoming by Minnova
A production decision is expected to be made in the third quarter of this year on the high grade Ansil copper deposit in the Lac Dufault camp near Rouyn- Noranda, Que., with production slated to start…
New exploration program started by Chesbar Res.
A new $2.77 million exploration program has started at Chesbar Resources’s gold project in Chester Twp., near Gogama, in northern Ontario. The program calls for extension of the ramp by 1,300 ft to pe…
Nordac planning a share consolidation
Shareholder approval will be sought by Nordac Mining for the company’s plan to consolidate its common shares on a one new share for each 2.5 shares held basis. Nordac, which will have its name changed…
Shannon drilling near Matagami
A second-phase 16,500-ft drilling program has been started by Shannon Energy on the company’s property near Matagami, Que. The program is testing a geophysical anomaly thought to represent a conductin…
Conquest Yellowknife continues drilling
Alberta-listed Conquest Yellowknife Resources has released results from exploration geophysics and diamond drilling at its Campbell patents, or Smith Lake property in Leeson Twp., in the Renabie area …
McFinley placement to raise $5 m
McFinley Red Lake Mines has entered into an agreement with Alexandra Mining, a private Bermuda-based company, for a private placement of McFinley shares. When completed, the deal will gross McFinley $…
Platinum seminar
The third international platinum seminar organized by Metal Bulletin and Futures & Options World will take place May 21 in London, England. Speakers confirmed for the seminar include Kevin Gribbons of…
Drilling at Terramar
Diamond drilling is under way at Terramar Resource’s Reid mine property near Redding, Calif. The purpose of the program is to explore the northern extensions of the Spanish and Evening Star veins on t…
Metal Prices PRODUCER PRICES (May 04, 1987)
ALUMINUM: MW U.S. Market 65.00 cents -66.50 cents per lb. (Apr 23, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (Apr 23, 1987). BISMUTH: New York dealer $2.70-$2.85 per lb. (Apr 23, 1987). CAD…