PRODUCER PRICES (March 30, 1987)
ALUMINUM: MW U.S. Market 62.50 cents -64.00 cents per lb. (Mar 5, 1987). ANTIMONY: New York dealer $1.10-$1.14 per lb. (Mar 12, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADM…
News
Mountain Lk. gets low grade values
Low grade gold values are being encountered over a large area controlled by Mountain Lake Resources. Located near Kenora, Ont., the Mountain Lake ground, the company believes, has potential for hostin…
Funds in place
An arrangement to finance a $3-million exploration program during 1987 by placement of flow- through common shares to three funds has been announced by Wrightbar Mines. The funds involved are CMP 1987…
Jascan earns interest in gold project
Jascan Resources has gained a 60% interest in the Dawson project, which has about one million tons of drill-indicated reserves grading 0.15 oz gold per ton, acquired from U.S. Borax & Chemical Corp. b…
Toronto Stock Exchange Another madcap week with gold stealing the
The golds stole the show for yet another wild and woolly week on Bay Street. An amazing 445.55 pts was netted by the gold and silver index this week to close at an all time high of 7,888.71. With gain…
Letter to the Editor Too much on Pezim?
I feel compelled to question The Northern Miner’s emergence as The Daily Telegraph of the mining world. Isn’t the amount of space and the ongoing repetition that you have accorded (Murray) Pezim’s juv…
Kinbauri drilling gets weak results
Drilling on several properties held by Kinbauri Gold Corp. has yielded marginal results. On the company’s Morrisette property northeast of Kirkland Lake, Ont., one hole intersected a zone of anomalous…
Silvera encounters gold mineralization
Gold mineralization has been encountered during a drill program on its Wapiyao Lake property in the La Ronge gold belt area of Saskatchewan, reports Silvera Resources President Jan H. Schutze. A total…
Silver Standard reports strong cash position
Relative to its size, Cons. Silver Standard Mines has one of the largest inventories of mineral properties in the U.S. and Canada — some 30 in all. And 14 of these were explored last year under vario…
Amselco study for Ridgeway
A feasibility study has been received by Galactic Resources from Amselco Minerals for the Ridgeway project near Columbia, S.C. Galactic says construction of a 15,000-ton-per-day process plant can begi…
Freeport agreement to explore N.W.T.
An agreeement in principle has been reached among Freeport- McMoRan Gold Co., a subsidiary of Freeport-McMoRannex, and Aber Resources and Highwood Resources. The agreement concerns the Bugow property …
Equity parent buying shares
Equity Silver Mines has agreed to sell Placer Development or a subsidiary 6.6 million special voting shares at a price of $5.62 per share. The value of the transaction is approximately $37 million. Eq…