Homestead drilling early next year
Drilling is slated for early 1988 on Homestead Resources’ newly acquired Legacy gold prospect in the Rice Lake belt of Manitoba. Geological mapping, line cutting and geophysical work is being carried …
News
Noranda/Golden Nevada extend Grew Creek mineralized zone
Additional drilling has extended the large mineralized gold Noranda/Golden Nevada extand Grew Creek mineralized zone zon on the Grew Creek property of Noranda Exploration and Golden Nevada Resources….
Letters to the Editor Another vote for a Hall of Fame
As a son of a well-known prospector, I’m very concerned that we are losing a vital part of our mining heritage; our prospector. The prospector’s role in the industry today has changed dramatically sin…
Alberta Stock Exchange Beardmore issues up
In a week when Alberta volumes were generally low, three companies with properties in the Beardmore and Schreiber areas of northwestern Ontario, proved to be significant performers. They included San …
Vancouver Stock Exchange Investors standing on sideline
Without much liquidity in Vancouver it’s understandable why most investors are staying on the sidelines until the New Year. Also, gold and oil prices are proving to be quite volatile which has made re…
Obituaries (December 21, 1987)
Gordon Cameron, who was instrumental in forming a number of junior mining companies including Camflo Mines, has died at his home in Gatineau, Que. Cameron, who was born in the Cobalt-New Liskeard area…
Equinox gets new US gold property
Plans for a new heap leach mine in southern California are high on Equinox Resources’ agenda following its acquisition of the Zenda gold property, located 40 miles east of Bakersfield in Kern Cty. Equ…
Atlantic Report Cornish Miners in N.S.
Seabright Resources of Halifax is taking steps to maximize gold production at the Forest Hill deposit by contracting 20 experienced narrow vein miners from Cornwall, England, for a year. The miners wi…
Metal Prices FREE MARKET London Metal Exchange (December 21, 1987)
Spot closing prices in Pound Sterling per tonne Date Dec. 15 Dec. 14 Dec. 11 Dec. 10 Dec. 9 Copper 1553-1558 1570-1580 1518-1522 1432-1433 1465-1470 Lead 352-353 350-351 352-3…
New gold zone discovery for Cathedral in Nevada
A new gold zone has been discovered at Cathedral Gold Corp.’s 52%-owned Sterling mine project near Beatty, Nev. Since the mine was spun off by Imperial Metals into Cathedral, the property has been exp…
Letters to the Editor Free trade
T I am quite fed up with the jingoist crusade of Messrs (Mel) Hurtig and (Edward) Broadbent et al, who are trying to block a free trade agreement between Canada and the United States. As a freedom-lov…
Gold tops $500, can’t hang on
The price of gold briefly crept over the $500(US)-per-oz mark in London last week, representing the first time since February, 1983, the precious metal has topped that price level. The morning fix in …