Editorial Thank Wilson for small mercies
There’s no doubt about it. Michael Wilson’s white paper on tax reform proved something of a blow to the mining industry in that it watered down flow-through share financing for mineral exploration. Wh…
News
HSK plans aggressive program for Queenston acquisition
In investment circles there’s a well-known adage which states that a good deal helps to sell a deal. In a bid to get the financing for its recent Queenston Gold Mine acquisition, Hugh Harbinson, presi…
Noront completes program at Olive
An underground examination of the Preston Olive mine property near Fort Frances, Ont., has been completed by partners Noront Resources and HSK Minerals. The program confirmed the presence of two miner…
METAL MARKETS Base metals beat summer doldrums
Low inventory levels and a weak U.S. dollar are preventing a summer slowdown in base metals markets, and in precious metals the sideways action is a positive action, First Marathon Securities says in …
Pioneer uncovers new Bonito zone
Some relatively high grade gold values have been reported from a breccia feeder system at Pioneer Metals’ Bonito property near Ruidoso, N.M. President Robert D. Willis confirms the system is “only one…
METAL MARKETS Palladium demand recovers
Global demand for palladium recovered last year to equal its record 1984 level of 2.96 million oz, Johnson Matthey reports in its publication Platinum 1987. Supply, however, ran ahead of demand for th…
News in Brief (June 29, 1987)
Echo Bay Mines recorded a net income during the first quarter of this year of $8.1 million (18 cents per share) compared with $5.7 million (14 cents per share) for the same period in 1986. Total rev…
American Platinum starts exploration work for ’87
A trenching and surface diamond drilling program has been started by American Platinum Inc. on ground near Lac des Iles, Ont. Funded by a flow-through share offering with First Exploration Fund which …
Fancamp drilling
A diamond drill program has been started by Fancamp Resources on the company’s Gamache Twp., Que., property. The property adjoins the Joe Mann gold mine brought into production this year by Meston Lak…
Good grades cut by Onitap in Maritimes
Drilling by Onitap Resources on the East Goldbrook property in Nova Scotia has encountered several zones of gold mineralization. A hole spotted 50 ft west of the old East Goldbrook shaft intersected f…
Short-term trend has gold in `holding’ price pattern
It’s difficult to be bullish these days about the price of gold, which seems to have settled into the $440-$450(US) per oz range. In fact, the precious metal, which in May seemed on its way to the $50…
Tungsten symposium
The fourth International Tungsten Symposium, sponsored by Canada Tungsten Mining, is scheduled to take place Sept 7-10 in Vancouver. Organizers of the conference are the Primary Tungsten Association a…