Drill program for Inter-Pacific
A second stage drill program is planned shortly at Inter-Pacific Resource’s North Arm gold prospect 60 miles north of Brisbane, Queensland. The company notes that one promising target lies in the vici…
News
Noranda to drill Andaurex project
Noranda Exploration is expected to start a follow-up exploration program shortly on claims held by Andaurex Resources. The ground is located near Silverton, B.C. Noranda is expected to investigate a b…
General News & Comment Women’s Association
Mrs R. M. Ginn is the new president of The Women’s Association of the Mining Industry of Canada, for the 1987-1988 year. Mrs R. G. Freed becomes immediate past-president. Among other officers elected …
Zenco drilling in Squall Lake
Zenco Resources has completed a 11,000 ft drilling program on its Squall Lake property at Snow Lake, Man. Located five miles north of a gold deposit with announced reserves of 426,000 tons grading 0.3…
New gold mine for Manitoba
When the call came in from Granges Exploration to oversee a drill program in Manitoba, the ex-Hudson Bay Mining and Smelting project geologist accepted under two conditions. The property had to be nea…
Metal snips (June 08, 1987)
The Canadian Steel Service Centre Institute reports a positive mood among its members. Results of a recent survey indicate 35% of the membership is bullish on further increases in business activity, w…
First-quarter profit greets Queenston shareholders
A first-quarter net income of $120,000 (1 cents per share) has been recorded by Queenston Gold Mines, compared with a loss of $94,000 (1 cents per share) for the same period in 1986. The company show…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 08, 1987)
June 2 June 1 May 29 May 28 May 27 ** Gold London Bullion Dealers afternoon (morning) $US per oz. 455.00(449.30) 442.90(443.40) 451.00(451.75) 453.10(453.35) 449.50(447.90) Gold Bank of Nova Scotia,…
Vancouver Stock Exchange Significant drop in volumes
With gold prices remaining flat, trading activity on Vancouver has dropped significantly along with share values. But this could change quickly if the yellow metal stages a rally which is possible whe…
Drilling scheduled at Frond Lake bet
Drilling is to begin mid-June at the Frond Lake gold prospect, located 60 mi east of Pickle Lake and 250 mi north of Thunder Bay in northern Ontario, Ayrex Resources Chairman David Walsh reports. Ayre…
Metal Prices PRODUCER PRICES (June 08, 1987)
ALUMINUM: MW U.S. Market 70.00 cents -72.50 cents per lb. (May 28, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.30-$3.40 per lb. (May 28, 1987). CAD…
Vista results
Regina-based Vista Mines has released more assay results from Phase I of the diamond drill program conducted on its Bootleg Lake gold property earlier this spring. Phase I consisted of over 12,500 ft …