American Reserve funds Porcupine gold
A $15.2-million exploration program at Associated Porcupine’s Paymaster gold property near Timmins, Ont., will be funded by American Reserve Mining under a joint venture agreement. Using flow-through …
News
OBITUARY Amax executive dies
C. Eric Ho, former senior vice- president for tungsten operations in the metals group at Amax Inc, has died, of a heart attack, at age 61. Ho retired from Amax last January after a 29-year career with…
EDITORIAL Steelworkers’ irony
It’s ironic that Gerard Docquier would come down so clearly against free trade. His comments as national director of the 160,000 Canadian members of the United Steelworkers of America seem to be an ex…
Sofimines raising funds for mining exploration
Encouraging results are reported to date by some of the 16 junior mining firms which have entered into an exploration financing agreement with Sofimines 1987 and Co., Limited Partnership. At a press …
American Platinum
Assay results from a platinum exploration program have been received by American Platinum Inc. Drilling on the company’s property at Lac des Iles, north of Thunder Bay, Ont., has cut several wide sect…
News-in-brief (December 07, 1987)
Tse- and vse-listed U.S. Precious Metals Inc. has arranged a private placement of 900,000 shares for $629,000. The placement includes warrants good for an additonal 900,000 shares at 85 cents within …
Belmont boosts output at heap leach mine
Since reopening in April, Belmont Resources has seen a steady increase in production at its Wonder gold mine in Churchill Cty., Nev. From April to October, the leaching operation produced 32,000 oz si…
Financial position healthy as Ronrico drills Louvicourt bet
Now in a much healthier financial position and with revenues of more than $600,000(us) annually still flowing from its U.S. oil and gas interests, Ronrico Explorations is turning strongly to gold. The…
Newfields drilling Teck-Hughes property
Results from Newfields Minerals’ drilling program on the joint venture Teck- Hughes property in Kirkland Lake, Ont., are helping define new drill targets. Hole No 29 at a depth of 190 ft intersected a…
Westmin cuts 44 ft averaging 4 oz gold
Another spectacular drill hole has been reported from Westmin Resources’ Debbie property on Vancouver Island which falls under a joint venture agreement with Nexus Resource Corp. and Angle Resources. …
Papers wanted for Calgary symposium
The faculty of continuing education at the University of Calgary and the Surface Mining Lab of the Canada Centre for Mineral & Energy Technology (canmet) are organizing an International Symposium on M…
Metal Prices FUTURES PRICES (December 07, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 120.00 117.20 119.95 + 8.65 Mar 107.50 104.70 106.70 — May 105.50 98.00…