Canhorn units
Canhorn Mining of Toronto has entered into a private placement agreement with Great Horn Inc. of New York whereby the latter may purchase 200,000 units of Canhorn for a total consideration of $500,000…
News
Red Dog under way
Construction of the 87-km road from Cominco’s Red Dog mine site in Alaska to the mine’s port site on the Chukchi Sea has started. The road is expected to be open in February. Once open, equipment can …
Metal snips (November 16, 1987)
The Soviet Institute of Metallurgy says it has a substitute alloy that could replace gold in its jewelry and industrial applications, Metal Bulletin reports. Named inpal and made from a combination of…
Westmin development work geared towards production
The $4-million pre-development program at Westmin Resources’ Silbak and Big Missouri properties near Stewart, B.C., is progressing satisfactorily towards a positive production decision by year-end. Ro…
Eastfield, Lornex reach agreement
An agreement has been reached between Eastfield Resources and Lornex Mining whereby the latter may earn a 51% interest in Eastfield’s Beekeeper claims by spending $300,000 by Dec 31, 1989. The Beekeep…
Canada burning with gold fever, coast-to-coast
If all that glitters isn’t gold, Canadian mining companies in 1987 weren’t aware of it. From British Columbia’s Queen Charlotte Islands to unlikely places like Baie d’Espoir in Newfoundland, Canada wa…
Metal Briefs
The Royal Canadian Mint reports a dramatic increase in sales of the Gold Maple Leaf coin following the shakeout of world equity markets in mid-October. During the last two weeks of October, sales of t…
Metal Prices PRODUCER PRICES (November 16, 1987)
ALUMINUM: MW U.S. Market 82.75 cents -84.50 cents per lb. (Oct 29, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.90-$5.00 per lb. (Oct 22, 1987). CAD…
Whim Creek gold record set at Meekatharra mines
Record gold production was realized by Whim Creek Consolidated from mining operations in Australia. For the nine-month period ended Sept. 30, the company produced 30,193 oz of gold. For the third quar…
Claude gold find north of La Ronge
Claude Resources, which with Placer-Dome Inc is busy with an underground exploration program on the Seabee gold deposit east of La Ronge, Sask, has come up with another gold discovery. Located 140 mil…
Silverknife reserves total 400,000 tons, Reg Res. reports
Drill-indicated and inferred reserves stand at 400,000 tons at the silver-lead-zinc-gold Silverknife prospect at the Liard mining division in British Columbia, Reg Resources reports. Forty-nine holes …
Rio Algom tries again for PCA amalgamation
Rio Algom says there are a number of benefits to be gained from an amalgamation with its subsidiary, Potash Co. of America, and says it is again trying to push through the amalgamation, after failing …