News in Brief (April 27, 1987)
Starmark Resources has changed its name to Transglobe Resources on a 1-new-for-3-old share basis.
News
Montreal Exchange Rouyn completes funding
It was an up-and-down week for the mining and minerals index on the Montreal Exchange, although resource issues continued to trade actively. Rouyn Resources of Rouyn, Que., which earlier this month co…
Westfield and partners cut low grade in Newfoundland
Additional drill results have been released by partners Westfield Minerals, The Coniagas Mines and Anglo Dominion Gold Exploration from their Little River property in Newfoundland. Westfield, which ho…
Falconbridge in the red, cheered by gold, silver
Earnings news on the first quarter this year announced at the annual meeting was considerably less than a barnburner for Falconbridge Ltd., but the company is looking for better things for the rest of…
Aluminum talk
An aluminum symposium hosted by Metals Week is scheduled for Oct 19 and 20 in Zurich, Switzerland. Titled “Structural Change: Who Will Benefit?,” the symposium will offer insights on the changing role…
Vancouver Stock Exchange Gold stocks took a tumble
There’s nothing quite like the force of gravity to settle down a market. Proving once again that what goes up always comes down. Vancouver gold stocks tumbled sharply during the week reflecting profit…
Investment Comment Lots of upside to Muscocho
A rapidly emerging Canadian mining finance house is how Michael Villeneau of the investment firm of Morgan Grenfell describes Toronto-listed Muscocho Explorations. An established gold and silver produ…
FUTURES PRICES N.Y. Mercantile Exchange
High Low Close Week’s Change PLATINUM (in US$ per oz.) May — — 605.60 — June 605.00 605.00 606.70 — July 609.40 594.00 607.70 +35.50…
Program growing
The Nickel Development Institute is expanding its engineering workshop program. A numer of workshops were conducted in the southern U.S. during the first half of this month and more are scheduled else…
PEOPLE (April 20, 1987)
ONTARIO PETROLEUM ASSOCIATION — M. R. Hayhow elected president for 1987.
Audrey finds higher grades underground at Mobrun mine
Underground drilling and bulk samples from Audrey Resources’ Mobrun project suggest that gold grades are approximately 30% higher than first estimated, President Guy Hebert, tells The Northern Miner. …
Nearly $1 million spending set by Chevron for yukon bet
Chevron Minerals will be spending approximately $700,000 this year on B.Y.G. Natural Resources’ Mt Nansen gold property in the Yukon. The expenditure is almost identical to last year’s budget which wa…