Achates completes sampling program
Recently completing a reconnaissance basal till sampling program in the central part of its 4,940-acre Vanier-Disson property, located 60 km southeast of the Casa Berardi area, was Achates Resources o…
News
Abermin has loss for year
Abermin Corp. reported a net loss of $1.1 million in 1986 before extraordinary items. The loss included an exploration expense of $534,000 resulting from the abandonment of its Bullfrog and Black Beav…
Lornex runs against trend, reports improved profit
Most people would have to look pretty hard to find a porphyry copper mine in North America that is making a decent profit. But the massive Highland Valley Copper project of Lornex Mining and Cominco i…
Canadian bioleaching technology could get mine test in Australia
Vancouver-based Giant Bay Resources has taken an important step in putting its low-cost bioleaching technology to the test in an actual mining application. Last week the company signed a joint venture…
Toronto Stock Market Golds drop after a wild ride on a
It was a turbulent week for gold shares as the price of the yellow metal on commodity markets swung wildly as hope for more stability in the U.S. dollar took hold. On Monday, the price of gold shot up…
McIntyre loss after coal disposal
McIntyre Mines reports a 1986 net loss, after extraordinary items, of $34,323,000, or $9.42 per share, compared with a loss in the previous year of $26,255,000, or $7.23 per share. The extraordinary i…
Big gainers
And how are your favorite stocks doing? A recent issue of Messel’s Mining Weekly lists the share price performances of a number of international gold producers from the start of this year up to the fi…
Northgate encouraged on Dore Lake drilling
Very promising is the way the initial results are being described from the surface drilling program on Dore Lake in the Chibougamau camp of Quebec by Northgate Exploration. And for very good reason. “…
Hemisphere seeking an NWT interest
Hemisphere Development Corp. is looking to acquire an interest in ground adjoining the Getty- Noranda gold discovery in the Courageous Lake area of the Northwest Territories. The company says it has a…
Perrex planning big effort in Harker-Holloway area
Perrex Resources is planning a large exploration program in the Harker-Holloway area east of Matheson, Ont. The main thrust of the company’s efforts will be on a 191-claim property in Harker, Thackera…
Metal Prices Futures Prices N.Y. Mercantile Exchange (May 04, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) June 579.00 579.00 593.20 — July 610.00 583.00 594.20 — 3.40 Oct. 616.00 …
Aber encouraged at Russell Lake
Encouraging assay values have been received by Aber Resources from the company’s S.P. property near Russell Lake, N.W.T. Two holes in the main zone intersected multiple gold-bearing zones. Hole 36 cut…