Galveston drilling
Drilling has commenced at Galveston Resources’ Murphy Lake mine in the Wawa area of Ontario. A minimum 20,000 ft of drilling is planned to block out reserves on the east and west zones. The first dril…
News
Central, Joutel reach agreement on Blue Quartz
Central Crude Resources has completed an agreement with Joutel Resources giving the former company the right to earn a 50% interest in Joutel’s Blue Quartz gold property. Located near Matheson, Ont., …
Vancouver Stock Exchange Tundra holds steady on big volume
It was a rough week on markets around the world and Vancouver, although heavily weighted with junior resource stocks, was not spared. The market index closed at 1,158 points, down 313 points or 21% ov…
Erola on Inco board
Former federal minister of mines, Judith Erola, has been appointed to the board of directors of Inco Ltd. Erola is the second woman to be elected to the big nickel company’s board, an Inco spokesman s…
Golden Terrace resumes drilling
Drilling with two machines is being resumed on the Richardson Lake gold discovery of Golden Terrace Resources, Garry K. Smith, the company’s geologist and newly appointed president, tells The Northern…
Murgold, Chesbar complete decline
A decline ramp has been completed by Murgold Resources and Chesbar Resources on their joint ventured Chester Twp., Ont., gold property. The 3,100-ft-long ramp was completed to a depth of 400 ft. Under…
Queenston’s Northfield deal overshadows 6-month results
While a new-look Queenston Gold Mines has reported increased income from custom milling and gold royalties at its Kirkland Lake, Ont., properties, revenues dropped considerably during the first half o…
Metal Prices FREE MARKET London Metal Exchange (November 02, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 27 Oct. 26 Oct. 23 Oct. 22 Oct. 21 Copper 1192-1194 1175-1178 1215-1220 1169-1170 1175-1177 Lead 353-354 350-35…
Cambior projects output of 200,000 oz gold in ’88
Gold production of 200,000 oz in 1988 is projected by Cambior Inc., which recently gained control of Sullivan Mines. Quebec-based Cambior, which was formed about 15 months ago, increased its ownership…
Correction (November 02, 1987)
Contrary to a statement in the Oct 12 issue of The Northern Miner, George Nemcsok is the Chief Geologist for Lac Minerals’ Macassa Division. He has held that position since 1979.
Alaska Apollo retains Kilborn on Alaska bet
Alaska Apollo Gold Mines reports it has retained Kilborn Engineering to review exploration results and ore reserve calculations at its Shumagin property on Unga Island, Alaska. John Bogert, president …
Robust commodity prices reflected in Inco results
The strongest nickel and copper markets in five years are being reflected in the bottom line at Inco Ltd. The world’s largest producer of nickel reports third-quarter earnings of $41.4 million compare…