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…
News
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…
La Teko start
Development work has begun at La Teko Resources’ Ryan Lode heap leach project near Fairbanks, Alaska (N.M., Feb 16/87). The company hopes to produce 13,000 oz gold this season from agglomerated materi…
Metals industry must compete in an active materials market
It won’t be an easy task but the metals industry can fight back in the marketplace. “Yes, but it’ll be tough,” George Jewett, of the Toronto consulting firm Jewett & Associates, told a luncheon meetin…
Break-neck activity keeps market hopping
For the third straight month, records were shattered on the Toronto Stock Exchange making March the all-time top month for both dollar value and share volume traded. Dollar value traded rose to a reco…
Canuc expects royalty income
Canuc Resources expects to start receiving royalty income from its uranium properties near Elliot Lake, Ont., by 1989. Sold to Denison Mines, the Canuc ground hosts drill-indicated reserves of 7-10 mi…