Eastfield, Lornex reach agreement
An agreement has been reached between Eastfield Resources and Lornex Mining whereby the latter may earn a 51% interest in Eastfield’s Beekeeper claims by spending $300,000 by Dec 31, 1989. The Beekeep…
News
Westmin development work geared towards production
The $4-million pre-development program at Westmin Resources’ Silbak and Big Missouri properties near Stewart, B.C., is progressing satisfactorily towards a positive production decision by year-end. Ro…
Metal Prices PRODUCER PRICES (November 16, 1987)
ALUMINUM: MW U.S. Market 82.75 cents -84.50 cents per lb. (Oct 29, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.90-$5.00 per lb. (Oct 22, 1987). CAD…
Pacific Minesearch drills U.S. bet
Encouraged by results at its Howie gold property near Charlotte, N.C., Pacific Minesearch is continuing a 15,000-ft diamond drilling program. In a joint venture with Cominco America, the company will …
McAdam confirms three zones at McWatters gold property
Having survived the recent stock market debacle with its share price relatively intact, McAdam Resources of Toronto recently released an update on its exploration properties. At press time, the McAdam…
Royex boosts Lacana interest to about 44%
A recent subscription for 17,136 flow-through shares of Lacana Mining has increased Royex Gold Mining’s interest in that company to about 44% of the outstanding capital of Lacana. Royex now owns about…
High grade results send Tenajon under]]
Vancouver-listed Tenajon Silver Corp. is going underground on the sb property, located 25 km northwest of Stewart, B.C., just south of Westmin Resource’s Big Missouri property. The decision is based o…
Amax boosts mine output forecast
Gold production from the Sleeper mine in Nevada is expected to be 158,000 oz this year, up 12,000 oz from previous forecasts, Amax Gold reports. The latest forecast is based on additional heap-leach p…
Wharf profit well ahead
Wharf Resources reports net income for the first nine months at $4.144 million(US) or 29 cents per share (38 cents C) after preferred share dividends, compared to $1.273 million or 13 cents per share…
Royex paper shuffle
Royex Gold Mining Corp. has signed a deal which will see affiliate company Mascot Gold Mines purchase 1.4 million shares of Golden North Resources from Royex. Mascot will issue Royex 450,000 of its co…
Montreal Exchange Light trading week (November 16, 1987)
Light trading volumes and a declining market highlighted activity on the Montreal Exchange this week, where among the “top movers” were some of the larger resource-based companies, including giant gol…
Horsham extraordinary gain
The largest shareholder and parent company of American Barrick Resources, The Horsham Corp., posted a net profit of $42.3 million or 75 cents per share for the 9-month period ended Sept 30. The profi…