Parklane finds in Arctic
Three sulphide mineralized zones have been discovered on the Courageous Lake area property of Parklane Technologies and Highwood Resources. Located in the N.W.T., the property covers approximately fiv…
News
Montreal Exchange Vassan among leaders
Good news travels fast, as Vassan Resources of Val d’Or, Que., can attest. The junior mining company traded a respectable 368,200 shares this week on encouraging preliminary drill results from its gol…
PCA shareholders to vote next week on Rio offer
Preferred shareholders of beleagured Potash Co. of America, who paid $25 for their shares in July, 1984, will vote Dec 14 on whether or not to accept the latest takeover bid from Rio Algom. The divers…
Teck to split shares
Shareholders at Teck Corp.’s annual meeting in January will be asked to approve plans to split its Class A and B shares on a two-for-one basis. Teck claims that with the increase in market price for i…
Bachelor Lake resumes production
In the absence of revenue from its Desmaraisville, Que., mine during the first nine months of 1987, Bachelor Lake Gold Mines didn’t expect its recently released interim report to be an earth-shatterin…
Noramco/Emerald merge with Crow
Shareholders approved the amalgamation of Noramco Mining, Emerald Lake Resources and Highland Crow Resources at a meeting held in Vancouver recently. The purpose of the merger was to combine the explo…
Assay results encourage more Esperanza work
Drilling will continue in early 1988 following a successful preliminary program on Esperanza Explorations’ Strebe prospect, adjacent to its Tillicum gold project near Burton in northeastern B.C. Preli…
Sofimines raising funds for mining exploration
Encouraging results are reported to date by some of the 16 junior mining firms which have entered into an exploration financing agreement with Sofimines 1987 and Co., Limited Partnership. At a press …
Metal Prices FUTURES PRICES (December 07, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 120.00 117.20 119.95 + 8.65 Mar 107.50 104.70 106.70 — May 105.50 98.00…
Metal Prices FREE MARKET (December 07, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 1 Nov. 30 Nov. 27 Nov. 26 Nov. 25 Copper 1495-1505 1520-1525 1520-1540 1556-1566 1580-1582 Le…
PRODUCER PRICES (December 07, 1987)
ALUMINUM: MW U.S. Market 80.00 cents -82.50 cents per lb. (Nov 19, 1987). ANTIMONY: New York dealer $1.10-$1.14 per lb. (Nov 19, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CA…
EDITORIAL Why not back a winner?
What is it Canadians have against success? It seems that once an enterprise in this country shows it’s worthwhile it must either move elsewhere or suffer the slings and arrows of a disgruntled popul…