Val d’Or funding
An agreement has been worked out between Val d’Or Resources of Val d’Or, Que., and Sofimines 1987 and Co., Ltd Partnership whereby Val d’Or will issue flow-through shares at $1.20 per share worth a mi…
News
Report from Calgary Looking ahead to a good ’88
With Christmas and New Year’s behind us, it is time to look at the exploration events of 1987 and to prophesy how they will continue in ’88. The Alberta Stock Exchange in Calgary boomed along with no …
Core examined
More than 50,000 ft of core drilled in the vicinity of the F-zone deposit at the Mattabi mine in northern Ontario have been moved from temporary storage for examination. An additional 20,000 ft have b…
Belmoral on NASDAQ
The common stock of Belmoral Mines of Toronto, which is listed on the Toronto, Montreal and Vancouver stock exchanges, is now trading on nasdaq (symbol bmeef), the over-the-counter market system in th…
People (January 11, 1988)
Lead Industries Association — Jerome F. Smith appointed executive director succeeding Werner T. Meyer who has resigned.
Ojibway drilling on 3 properties
Drilling rigs are currently in operation on three properties (Desboues, Soissons and Rochebeaucourt), with the budget for the 1987 exploration program more than one-third committed, Ojibway Resources …
Troymin gets funding for winter projects
Alberta-listed Troymin Resources has received $425,000 to finance its 1987/88 Canadian exploration program, the company said recently. According to Troymin, a $250,000 placement with MTC Oil and Gas F…
Montreal Exchange Mixed trading prevails
While not setting any records, trading activity on the Montreal Exchange seems to be recovering to pre-year-end levels, with similar mixed results. Daily volumes during the holiday period sunk to as l…
Research focuses on alternate backfill methods
Ontario’s mining industry is currently involved in eight backfill test projects directed at finding safe and cost-effective alternatives to widely used methods of backfill. The testing is being done u…
Mtn. West/Homestake joint venture amended (January 11, 1988)
Changes have been made to a joint venture agreement between Mountain West Resources and Homestake Mining on the Elkhorn gold property located 22 miles south of Helena, Mont. Under the original January…
Metal Prices (January 11, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 5 Jan. 4 Jan. 1 Dec. 31 Dec. 30 Copper 1576-1580 1655-1660 N/A 1695-1705 1696-1700 Lead …
Analyst offers 3 reasons for nickel, copper prices
The current price of copper, in the $1.40(US) per lb range, is the highest it has been since early in 1980, while nickel, which in December breached the $3-per-lb level, is now riding in the $4.10-$4….