Freeport plans ’87 production from Big Springs
The Big Springs gold project in northeastern Nevada has been deemed commercially viable by Freeport McMoRan Gold and production could begin this September. Bull Run Gold Mines has a 40% interest in th…
News
Eastmain on TSE
A private company recently “gone public,” Eastmain Resources Inc. had its shares listed on the Toronto Stock Exchange this week. This company has been carrying out an ambitious exploration program for…
Exploration program finished on three Forbex properties
An exploration program was recently completed by Forbex Mining Resources on three properties in the Rouyn-Noranda area of Quebec. Six short holes were drilled on the Stadacona-East property, located w…
Seafloor workshop hosted by the TGDG
A full-day workshop entitled Seafloor Hydrothermal Sulphides and Deep-Sea Drilling is being staged by the Toronto Geological Discussion Group. Scheduled for April 14, the session will take place in th…
St Joe says it’s a go on the Golden Patricia
Just 14 months after pulling the first discovery hole on the Golden Patricia property near Pickle Lake, Ont., St. Joe Canada has said yes to production go-ahead. Though costs are now being fine tuned,…
Viceroy Resources extends a zone of high grade
Recent drilling has extended a zone of high grade mineralization at Viceroy Resource Corp.’s Castle Mountain property in California. The Lesley Ann deposit has been outlined over a width of 600 ft and…
Boliden selling its interest in Great Lakes
Control of Great Lakes Nickel will pass to a private company, if a deal with Boliden AB is completed. Boliden, a Swedish mining company, has entered into an agreement to sell its 29% stake in Great La…
Queries What ever happened to Nickel Rim?
What-ever happened to Nickel Rim Mines’ plans to change its name to Colosseum Gold Mines? P.O., Toronto, Ont. Phew] Where does one begin? As recalled last July the shareholders of Toronto-listed Nic…
Canamax increasing interest in Kremzar
Canamax Resources plans to pay $9 million for the remaining 50% interest in the Kremzar gold property near Wawa, Ont. The Algoma Steel Corp., which holds the interest through its 93%-owned Kremzar Gol…
PRODUCER PRICES (March 23, 1987)
ALUMINUM: MW U.S. Market 62.50 cents -64.00 cents per lb. (Mar 5, 1987). ANTIMONY: New York dealer $1.08-$1.14 per lb. (Feb 26, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADM…
Newfields and Teck reach agreement for Kirkland Lake
The terms of an agreement have been settled between Newfields Minerals and Teck Corp. regarding the companies’ respective properties in the Kirkland Lake gold camp of Ontario. Newfields may earn a 50%…
Gold jumps to 2nd place in Ontario
Gold jumped into second place behind nickel as Ontario’s most important mineral in terms of value in 1986, the province’s ministry of northern development and mines reports. The value of production of…