People (February 15, 1988)
Getty Resources — Jean-Pierre Januard appointed president and chief executive officer; Phillip de Boos-Smith, Jacques Le Chevalier and Pierre January appointed directors.
News
Metal Prices PRODUCER PRICES (February 15, 1988)
ALUMINUM: MW U.S. Market 90.00 cents -93.00 cents per lb. (Jan 28, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $5.10-$5.30 per lb. (Jan 28, 1988). CAD…
News in Brief (February 15, 1988)
Greyhawk Resources and another Vancouver-listed junior exploration company, Willcrest Resources, have both rejected an offer from The Quinto Mining Corp. to buy back their 25% interests in the Lumby …
Stroud extends strike
Drilling has increased the strike length of the mineralized zone on the Leckie property, held by partners Stroud Resources and Exador Resources. Exador has the right to earn a 30% interest in the proj…
Nevada claims map
A detailed map of unpatented lode mining claim locations in Nevada — said to be the first of its kind — has been published in the U.S. The map, published by D. K. Marjaniemi & Associates, locates 1,…
Higher metal prices boost Phelps Dodge, Asarco profits
Higher copper prices in 1987 had a marked impact on the annual earnings of two American producers, Phelps Dodge and Asarco Inc. Phelps Dodge’s primary metals segment, consisting mainly of copper-produ…
Omni drilling expands reserves at Skukum Creek
A $2-million, phase-1 exploration program has substantially increased reserves at Omni Resources’ Skukum Creek property in the Yukon’s Wheaton River Valley. Drill-proven reserves have increased to 821…
Faith drilling
Drilling commenced last month at the Sagar property at Madoc, Ont., Faith Mines of Vancouver reports. The drilling will test extensions to two known zones in which gold was earlier identified. In othe…
COATS Trading Features (February 15, 1988)
Findore Minerals has optioned several well-located claims in Garrison Twp., Ont., to Vancouver-listed Morgain Minerals and Orcana Resources. Findore traded at 35 cents . The Findore ground covers the …
Placer Dome options Sturgeon River bet
Placer Dome Inc. has optioned the Sturgeon River gold property from Phoenix Gold Mines. Located near Beardmore, Ont., the Sturgeon River property produced 73,332 oz of gold between 1936-1942. Placer D…
Second drill working at Abitibi prospect
A second drill is now working on the Jolin gold property in northwestern Quebec, where encouraging results were obtained from the initial 10 drill holes, Abitibi Metals Mines reports. The company says…
Mineta drills sulphides
An 8-hole drill program has traced a sulphide horizon for 5,000 ft, partners Mineta Resources and Hyperion Resources say. Located in Casa Berardi Twp., Que., the property is south of the Golden Pond g…