Drilling program set for property
Exploration of the Bellavista, Costa Rica, gold property in the Caribbean, a joint-venture project, has revealed to date reserves of 4.1 million tons grading 0.12 oz per ton. The joint-venture compani…
News
PEOPLE (April 20, 1987)
ONTARIO PETROLEUM ASSOCIATION — M. R. Hayhow elected president for 1987.
Lacana completes sale of shares
Lacana Mining says it has completed the sale of five million common shares, represented by deposit receipts, at $12 each. The proceeds have been used to reduce the debt incurred from Lacana’s recent p…
Madeleine gets grant for road construction (head)
Madeleine Mines has received a commitment from the Ontario government to conditionally contribute up to $25,000 per kilometre for an access road to its Lac Des Iles project in northwestern Ontario. Cl…
Parklane drilling
Drilling by Parklane Technologies in the Beardmore, Ont., area has identified a quartz vein zone near an iron formation unit. Assays from the zone are expected shortly, the company says. Bay Resources…
Zone discovered
Drilling by Yorbeau Resources has led to the discovery of a new mineralized zone on the company’s Astoria property south of Rouyn, Que. The new zone, known as the Aw, has been intersected by 11 holes …
Brighter picture for Campbell Res
A net income of $875,000 has been reported by Campbell Resources of Toront for the 6-month period ending Dec 31. The company, which had a net loss of $16 million for fiscal 1986, has show a profit for…
COATS Trading Features (April 20, 1987)
Several issues have reacted to the rapidly improving gold market. Card Lake Resources, which is busy with a promising gold play in Harker Twp., north of Kirkland Lake, Ont., has completed a $500,000 f…
FUTURES PRICES N.Y. Mercantile Exchange
High Low Close Week’s Change PLATINUM (in US$ per oz.) May — — 605.60 — June 605.00 605.00 606.70 — July 609.40 594.00 607.70 +35.50…
Metal Prices FREE MARKET London Metal Exchange (April 20, 1987)
Spot closing prices in Pound Sterling per tonne Date April 14 April 13 April 10 April 9 April 8 Copper 914-915 914-914.5 918-919 917-918 914-915 Lead 329-330 332-333 320.5-321.5 322-322.5 …
Giant’s deal with Pamour increases gold output (April 20, 1987)
Giant had earnings of $3.8 million, or 89 cents a share in 1986, compared with income of $5.7 million or $1.32 a share, in the previous year. The company says the decreased earnings last year reflect …
President bullish Lacana looks to a good year
He may be new to the job, but that’s no reason Gil Leathley should remain a stranger. The new president of Toronto-based Lacana Mining believes in getting out to meet his workers. “I spend about 40% o…