Camindex Mines awaits name change approval
While production has resumed at the Valdez Creek placer gold mine in Alaska, Camindex Mines is still waiting for regulatory authorities to approve the company’s decision to change its name. At a meeti…
News
Alberta Stock Exchange Beardmore issues up
In a week when Alberta volumes were generally low, three companies with properties in the Beardmore and Schreiber areas of northwestern Ontario, proved to be significant performers. They included San …
Vancouver Stock Exchange Investors standing on sideline
Without much liquidity in Vancouver it’s understandable why most investors are staying on the sidelines until the New Year. Also, gold and oil prices are proving to be quite volatile which has made re…
Obituaries (December 21, 1987)
Gordon Cameron, who was instrumental in forming a number of junior mining companies including Camflo Mines, has died at his home in Gatineau, Que. Cameron, who was born in the Cobalt-New Liskeard area…
New gold zone discovery for Cathedral in Nevada
A new gold zone has been discovered at Cathedral Gold Corp.’s 52%-owned Sterling mine project near Beatty, Nev. Since the mine was spun off by Imperial Metals into Cathedral, the property has been exp…
Gold tops $500, can’t hang on
The price of gold briefly crept over the $500(US)-per-oz mark in London last week, representing the first time since February, 1983, the precious metal has topped that price level. The morning fix in …
Nickel prices top $3
Buoyed by an increase in stainless steel production and a shortage on the supply side, nickel this month saw its price top the $3(US) per lb mark. It has been a remarkable recovery for the base metal,…
Mercury ready to stage comeback
After a long period of declining consumption, mercury may be in for a reversal in fortunes. London- based Roskill reports it sees the prospect of a plateau in demand for the mineral in the U.S. and a …
Geddes nearing completion of adit at Windy Craggy
Geddes Resources reports it is about three-quarters of the way along in an adit it is driving to explore the gold zone at its Windy Craggy copper-gold-cobalt-zinc project in northwestern British Colum…
Getty, Davidson to produce from diminished reserves
A production decision has been made for the Tisdale property north of Timmins, Ont. Equal partners Getty Resources and Davidson Tisdale Mines say that production, at a rate of 200 tons per day, is sch…
Indian exhibition
Planning a major mining show next year is India, with the staging of the Indian International Mining Equipment and Minerals Processing Technology Exhibition in New Delhi. The exhibition, scheduled for…
New zone uncovered by Rayrock, partners
A new zone has been discovered on the Bellavista section of gold- silver property in Costa Rica which Rayrock Yellowknife Resources, Midland Energy and Westlake Industries are exploring under an optio…