Drilling confirms gold structure
The first phase of a drilling campaign undertaken by Essor Exploration on the Aiguebelle property in northwestern Quebec has detected a gold-bearing structure, President Guy Morissette reports. Essor …
News
ATLANTIC REPORT Noranda hits significant values
Noranda Exploration continues to be active in the Atlantic provinces. On its Tally Pond-Duck Pond project in central Newfoundland the company has intersected significant precious and base metal values…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (July 20, 1987)
July 14 July 13 July 10 July 9 July 8 ** Gold London Bullion Dealers afternoon (morning) $US per oz. 447.00(447.15) 446.50(443.70) 444.75(444.25) 444.10(445.30) 446.40(442.15) Gold Bank of Nova Scot…
Golden Star, Placer, Giant. probing for gold in Guyana
The Amerindians who arrived in this country centuries ago called it Guyana — “Land of Many Waters.” Guyana has also been known as El Dorado, the site of the mythical City Of Gold. In recent years the…
Camindex prepares debenture issue
A private placement of $13,609,000 of 3% convertible debentures has been arranged by Camindex Mines. Of that total, the company reports, $6.1 million represents a rollover of existing debt and $7.5 mi…
Vancouver Stock Exchange Market turns more positive
The Vancouver market has turned a bit more positive. Although gold hasn’t performed too well lately it’s still at a very respectable level. Indeed, the price is well above the cost of production for m…
Cornucopia to drill Arizona gold bet
A production decision is expected by the end of this year on a gold property it holds northwest of Phoenix, Ariz., according to Cornucopia Gold Mines. A reverse circulation drill program to expand res…
Editorial B.C.’s economic well-being at stake
The degree of polarization in British Columbia politics has generally exceeded that of other provinces. So the present dispute between organized labor and Premier William Vander Zalm over his controve…
Golden Pacific takes on B.C. bets
Golden Pacific Resources says it has an agreement in principle with a B.C. company to acquire a 51% interest in a 50-claim block in the Caribou mining division of B.C. It adds it has also purchased th…
Saxton announces changes in board
The board of directors of Saxton Industries has announced a number of appointments and resignations. Austin P. Page, formerly vice- president and chief financial officer of Saxton Industries and Saxto…
Golden Shield buys Kerr Addison mine
Golden Shield Resources has successfully completed the purchase of the old Kerr Addison mine and mill complex at Virginiatown, Ont., for approximately $38 million. The deal also gives Golden Shield a …
Metal Prices PRODUCER PRICES (July 13, 1987)
ALUMINUM: MW U.S. Market 73.00 cents -74.00 cents per lb. (June 25, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (June 25, 1987). BISMUTH: New York dealer $3.25-$3.40 per lb. (June 25, 1987). …