Stock dividends (October 19, 1987)
Associated Porcupine Mines has declared a stock dividend of one common share of Tanager Resources (formerly 716206 Ontario Ltd., a wholly-owned subsidiary of Associated Porcupine Mines, for each commo…
News
Barexor, Hughes-Lang set to resume work at Barraute property
Work on the Barraute property in northwestern Quebec is to resume, Barexor Minerals reports. The Hughes-Lang group, project operator, through Arbor Resources and Kangeld Resources, plans a $4-million …
Ferris, associates selling shares in Kewagama Gold
A deal has been struck by A. N. Ferris, president of Kewagama Gold Mines and related parties, whereby they will sell to a numbered company, 731559 Ontario Ltd., 1.4 million shares (representing more t…
Cliff forsees February start for placer mine
Production is scheduled to begin in February at Cliff Resources’ Olinghouse placer gold mine in Nevada, the company reports. Cliff is forecasting a production rate of 25,000 oz gold per year; three ye…
Judge agrees to delay Hemlo mine transfer
A stay of execution has been granted Lac Minerals in the Page Williams gold mine transfer by Justice Alvin B. Rosenberg of the Supreme Court of Ontario, pending Lac’s application for leave to appeal t…
Noramco absorbs affiliates
An amalgamation proposal has been made which will see Noramco Mining Corp. acquire all the assets of affiliate companies Emerald Lake Resources and Highland-Crow Resources. The amalgamation, which has…
Letters to the Editor Free trade good for Canadian mining
On Oct 4, negotiators for Canada and the United States reached agreement on the substance of a free trade agreement. The agreement still must be approved by the U.S. Congress and by the Parliament of …
Geomaque uncovers two parallel zones
Two parallel gold-bearing zones have been discovered at the Bourlamaque Twp. property near Val d’Or, Que., being explored by Geomaque Explorations. President A. Leith Hellens reports hole No 3 interse…
Cambior spends $22 million to confirm Mouska reserves
Cambior Inc. has given the green light to a $22.8-million underground exploration program on its wholly- owned Mouska property near Cadillac in northwestern Quebec. The property is located in Bousquet…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (October 19, 1987)
Oct. 13 Oct. 12 Oct.9 Oct. 8 Oct. 7 Gold…London Bullion Dealers afternoon (morning) $US per oz. 459.20(459.65) 461.75(461.85) 462.05(461.75) 458.15-458.25 458.05(458.55) Gold…Bank of Nova Scotia…
Better results at Mt. Washington
A further 25 holes have been drilled in the Lakeview area at Better Resources’ Mt. Washington project near Courtenay, B.C. The vein zone now extends over a north-south length of 900 ft and an east-wes…
Rouyn, Lac plan new shaft for Francoeur gold property
The sinking of a 3-compartment, 2,500-ft shaft for an advanced stage of exploration and development of the Francoeur property near Rouyn-Noranda, Que., has been announced by Rouyn Mining Resources. Th…