SMDC discovery at Oven Lake
Reconnaissance drilling, performed by the Saskatchewan Mining Development Corp. (SMDC), has resulted in a gold discovery on the Oven Lake property north of La Ronge, Sask. Other partners in the projec…
News
Canadian bioleaching technology could get mine test in Australia
Vancouver-based Giant Bay Resources has taken an important step in putting its low-cost bioleaching technology to the test in an actual mining application. Last week the company signed a joint venture…
Scintilore leaps into Hemlo fray
Warfare over the billion dollar Hemlo, Ont., gold discoveries is far from over. Another combatant has entered the fray. Scintilore Explorations, a Toronto Stock Exchange-listed junior exploration comp…
Getty options claims from Esso Minerals
Getty Resources has signed an option agreement with Esso Minerals giving Getty the right to earn a 51% interest in Esso’s property north of Timmins, Ont. Located in Tisdale Twp., the claims are immedi…
Precious metals surge would spur Agnico-Eagle
The surge in precious metals prices, if maintained, promises to have a profound effect on the earnings of Agnico-Eagle Mines, especially for its silver division which has been building up a strong and…
Canamax, Bruneau up Clavos reserves
New reserve figures have been calculated by partners Canamax Resources and Bruneau Mining for the Clavos Porcupine Mines property, northeast of Timmins, Ont. Drill-indicated geological reserves stand …
Centurion nearing final feasibility
A final feasibility study should be completed later this year on a placer gold project in northeastern California being optioned by Vancouver-listed Centurion Minerals. In-fill drilling is currently u…
Quebec Cobalt, Arrowhead plan an amalgamation
Richard Evarts, president of Quebec Cobalt and Exploration and John McDougall, president of Arrowhead Gold Mines announce the proposed amalgamation of the two companies. The amalgamation is subject to…
Metal Prices PRODUCER PRICES (May 04, 1987)
ALUMINUM: MW U.S. Market 65.00 cents -66.50 cents per lb. (Apr 23, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (Apr 23, 1987). BISMUTH: New York dealer $2.70-$2.85 per lb. (Apr 23, 1987). CAD…
METAL MARKETS Metal snips
Sales of Australia’s new Nugget series of gold coins has already exceeded expectation. It was anticipated 130,000 oz would be sold by June 30 of this year, but sales to date have surpassed 155,000 oz….
Alberta Stock Exchange Gainers move on deals
Deals and drill results were behind the strong gains made by several issues on the Alberta Stock Exchange this week. Gunnar Gold posted a healthy 40 cents advance to $2.40. The company has acquired a…
Hemisphere seeking an NWT interest
Hemisphere Development Corp. is looking to acquire an interest in ground adjoining the Getty- Noranda gold discovery in the Courageous Lake area of the Northwest Territories. The company says it has a…