Geomaque uncovers two parallel zones
Two parallel gold-bearing zones have been discovered at the Bourlamaque Twp. property near Val d’Or, Que., being explored by Geomaque Explorations. President A. Leith Hellens reports hole No 3 interse…
News
Cambior spends $22 million to confirm Mouska reserves
Cambior Inc. has given the green light to a $22.8-million underground exploration program on its wholly- owned Mouska property near Cadillac in northwestern Quebec. The property is located in Bousquet…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (October 19, 1987)
Oct. 13 Oct. 12 Oct.9 Oct. 8 Oct. 7 Gold…London Bullion Dealers afternoon (morning) $US per oz. 459.20(459.65) 461.75(461.85) 462.05(461.75) 458.15-458.25 458.05(458.55) Gold…Bank of Nova Scotia…
Better results at Mt. Washington
A further 25 holes have been drilled in the Lakeview area at Better Resources’ Mt. Washington project near Courtenay, B.C. The vein zone now extends over a north-south length of 900 ft and an east-wes…
Rouyn, Lac plan new shaft for Francoeur gold property
The sinking of a 3-compartment, 2,500-ft shaft for an advanced stage of exploration and development of the Francoeur property near Rouyn-Noranda, Que., has been announced by Rouyn Mining Resources. Th…
Metal Prices FUTURES PRICES (October 19, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. 86.25 86.25 85.70 + 2.60 Dec. 86.15 84.50 85.25 + 2.25 Mar. …
Cominco Res. pulls good hole at Buckhorn mine in Nevada
Following closely on the decision to develop its Maria copper deposit in Mexico, Cominco Resources International has released another good hole from its Buckhorn mine in Nevada. At this point the disc…
Books (October 19, 1987)
Minerals Handbook 1986-87, compiled by Phillip Crowson, Economic Adviser, Rio Tinto Zinc Corp. Statistics and Analysis of the World’s Mineral Industries. 300 pages, hardcover. ISBN 0-935859-00-4, $90…
Automakers will stick with steel
In the year 2000, steel will remain the main material worldwide for automobiles, a spokesman for German steel producer Thyssen recently told the annual conference of the International Iron and Steel I…
Louvem rejects Belmoral offer
An offer by Belmoral Mines to purchase about 6.4 million shares of Louvem Inc. has been rejected by the latter’s board of directors. Belmoral proposed buying the shares at $3.15 per share, for a tot…
Metal Markets The role of metal traders
Information in metals publications, whose readers do not have at hand all of the factors governing the price of metal but might welcome such knowledge, can carry a bias, often unintended, because the …
Orofino to mine Scadding deposit
Mining operations have begun on Orofino Resources’ Scadding property near Sudbury, Ont. Mining via a decline ramp will produce 120,000 tons of ore grading 0.22 oz gold per ton. Stockpiled ore will the…