Trader results cut reserves at Tel project
Discouraging drill results at Trader Resources Tel deposit on Banks Island, B.C. has forced the company to reduce its reserve estimate by about half. Based on the results of a 71-hole diamond drill pr…
News
Exploration budget doubled at Cheni Gold’s B.C. bet
Site preparation at Cheni Gold Mines’ Lawyers property is on schedule and within budget, says Paul Girard, president. Road access into the Sturdee airstrip was scheduled for completion by the first we…
Better driving on refractory gold deposit in B. C.
At present gold prices it’s not surprising that companies are taking a second look at refractory mineral deposits. Twelve miles west of this Vancouver Island coastal community, one such company, Bette…
Glamis receives tailings permit
A permit to treat about 2.5 million tons of dump and stamp mill tailings, left over from the former operations at the Yellow Aster mine in California, has been received by Vancouver-based Glamis Gold….
Laurasia Resources
Laurasia Resources is making a rights offering to shareholders, under which each shareholder will receive one right for every share held. Each right will entitle the shareholder to subscribe for one u…
EDITORIAL Protectionism self-defeating
Wiser heads are appearing in the U.S., though they are seemingly not prevailing, concerning the issue of protectionism, a mood in that country that is seriously threatening the possibility of a free t…
Impressive intersections at Golden Nevada project
Encouraging results have been reported by Golden Nevada Resources from its Grew Creek property 12 miles west of Ross River, Yukon. The property falls under an option agreement with Noranda Exploration…
Toronto Stock Exchange Improved gold price marks uneventful week
A nervous wind is blowing across the floors of the major exchanges these days. Despite dire warnings by bearish sentiments that the five- year old bull is on its last knees, the market continues to sh…
Depleted gold reserves by Blackdome
Exploration work at the Blackdome Mining gold project north of Vancouver has replaced reserves depleted by mining. The latest reserve figure incorporates about one-half of a 27,000-ft drill program sc…
Sale of shares boosts earnings for CoCa Mines
The sale of shares in a major silver producer boosted first-half earnings of CoCa Mines to $1.76 million(US). This figure compares to an $858,000 loss a year earlier. CoCa has an 8% interest in Equity…
Metal Prices FREE MARKET London Metal Exchange (September 28, 1987)
Spot closing prices in Pound Sterling per tonne Date Sept. 22 Sept. 21 Sept. 18 Sept. 17 Sept. 16 Copper 1126-1127 1135-1136 1120.5-1121 1121-1123 1192-1193 Lead 378-379 390-391 …
Windflower extends zone on B.C. Goldfinch prospect
Drilling has extended the high grade East zone at Windflower Mining’s Goldfinch property near Revelstoke, B.C. The property falls under an option agreement with Granges Exploration, the operator for t…