People (September 14, 1987)
London Metal Exchange — Didrik Normark and Jon Pither have joined the board.
News
Canreos acquires option to buy Melba mine property
The old Melba gold mine near Kirkland Lake, Ont., is being bought by Canreos Minerals (1980) under an option agreement from Nordex Explosives for an aggregate price of $750,000. Canreos President Koos…
Pamour and St. Joe deals signal Australian invasion
Nearly four years after Prime Minister Brian Mulroney declared that Canada was open for business, Australian mining companies have been answering the clarion call with an unprecedented wave of investm…
Tandem pushing four projects
One of the more active junior issues on the Canadian mining scene today, Tandem Resources is still spreading its wings. In excellent financial shape (cash and marketable securities approaching $10 mil…
Montreal Exchange Stabell riding high
Trading activity remained high this holiday-shortened week on the Montreal Exchange but the trend was downwards, with both the market portfolio and mining and minerals index losing ground. Stories of …
Two new zones picked up by McAdam at McWatters project
Two potentially important new gold zones have been picked up by McAdam Resources in a systematic exploration program being carried out at its McWatters project near Noranda, Que. This is a $6-million …
People (September 07, 1987)
Scotia Prime Resources — Craig Miller elected president.
Big firms join Peat Resources
Some heavyweights are moving into the Peat Resources picture, The Northern Miner gathers from conversation with the company’s president, Leon La Prairie. Inco Ltd., Esso Resources Canada and Lacana Mi…
Coastoro undertakes drilling program
Fifteen holes have been drilled to date at Coastoro Resources’ Garrison Twp. project in northeastern Ontario, President R.A. Pollack reports. Among the better results were hole No 87-24, 0.18 oz gold …
Jonpol encouraged by drilling at joint-venture Garrcon bet
Encouraged by drilling results at the Garrcon gold property in Garrison Twp. in northeastern Ontario, Jonpol Explorations President John Pollack is optimistic a decision will be made to go underground…
Gunnar, Mill City start drilling on Tyranite bet
An initial 10,000-ft drill program has been started by Gunnar Gold Inc. and joint venture partner Mill City Gold, on their Tyranite Mines gold property in the Matachewan area of northern Ontario. The …
Nickel demand strengthens as supplies grow tighter
A tight market has seen the price of nickel rise to the $2.50(US)-per- lb level and Shearson Lehman Brothers says there may still be some steam left in the nickel market’s rally. Producer stocks have …