Company making exploration plans
Depending on the funds available, Northern Minerals Explorations plans to spend between $600,000 and $1.5 million on its 1987-88 exploration program. On gold property in Isle-Dieu Twp., in Quebec’s Ma…
News
Pronto drilling at Solomon Pillars
A $200,000 drilling program has been completed by Toronto-listed Pronto Explorations on Inco Ltd.’s Solomon Pillars property. Pronto can earn a 50% interest in the property, 40 miles west of Geraldton…
Metal Prices PRODUCER PRICES (April 27, 1987)
ALUMINUM: MW U.S. Market 64.75 cents -66.00 cents per lb. (Apr 9, 1987). ANTIMONY: New York dealer $1.10-$1.18 per lb. (Apr 9, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADMI…
Toronto Stock Market Golds cool their heels as investors take
The sizzling market in gold shares cooled its heels this week as investors, not surprisingly, devoted themselves to profit-taking. The gold and silver index dropped 80.57 pts over the week to close at…
COATS Trading Features (April 27, 1987)
One of the biggest winners on the Coats system this week was Chance Mining & Exploration, which closed at 90 cents after hitting $1. The company says Falconbridge has optioned another of its properti…
Depressed nickel leads to Inco loss
For the first quarter ended Mar. 31, Inco Ltd realized a loss of $5 million or 8 cents per share. This follows the last quarter of 1986 where the company lost $6.5 million or 10 cents per share. Alt…
Editorial To which we say, amen
From an address by Harry M. Conger, chairman of Homestake Mining and chairman of the American Mining Congress: If there is one thing America needs today, it is renewed confidence in our own free ent…
Metal Prices FREE MARKET London Metal Exchange (April 27, 1987)
Spot closing prices in Pound Sterling per tonne Date April 21 April 20 April 17 April 16 April 15 Copper 914.5-915.5 N/A N/A 924-926 915-916 Lead 398-399 N…
Jonpol to drill on Gowest property
A 20,000 ft diamond drilling progam is slated to start in May by Jonpol Explorations on the Denton Twp., Ont., property of Gowest Gold Resources. The two companies entered into a recent agreement wher…
News in Brief (April 27, 1987)
Starmark Resources has changed its name to Transglobe Resources on a 1-new-for-3-old share basis.
Intnl. conference on ground control
A call for papers is being issued for the seventh international conference on ground control in mining, to be held Aug 3-5, 1988, at Morgantown, West Virginia. Papers are invited in the field of groun…
Northair “will oppose” Nor-Quest takeover offer
Saber rattling sometimes occurs before outright war but the big guns are firing already in a proposed takeover offer for Northair Mines by Nanaimo-based Nor-Quest Resources. Incensed by an offer which…