Jascan to drill Cobalt silver bet
Some encouraging results have been received from Toronto-based Jascan Resources’ underground exploration program at its 70%- owned Pansilver joint venture project in Cobalt, Ont. According to Presiden…
News
Northumberland confident N.B. mine will be approved
Geologist William Young is confident his company, Northumberland Mines will give New Brunswick its first, albeit small, full- fledged precious metals mine within a year. The provincial government has …
Nevada Goldfields opens new mill
Its Kingston mill having been commissioned in March, Vancouver-based Nevada Goldfields shipped about 1,100 oz gold during that month, the company reports. Nevada Goldfield’s new mill is a 500-ton-per-…
General News and Comments Female professionals do best in Nova
Women still make up less than one per cent of the workforce in the Nova Scotia mining industry, although they are slowly becoming more involved, Cape Breton Development Corp. coal geologist Heather Ma…
Editorial Free trade deal runs treacherous waters
Evidently believing he sees the writing on the wall, federal Liberal leader John Turner calls on the Canadian government under Prime Minister Brian Mulroney to quit the free trade talks with the U.S.,…
METAL MARKETS Base metals to pump industry profits
Base metal prices will on average be some 25% higher next year than in 1986, boosting mining industry profits substantially in North America, the latest Metals Analysis and Outlook publication from Lo…
Ontex acquires Ontario leases
Ontex Resources has reached an agreement with Cherbourg Gold Mines to acquire its 10% net profits interest in 15 mining leases in Irwin Twp., Ont., which abut the Brookbank property on the west. The t…
PRODUCER PRICES (July 20, 1987)
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (July 1, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (June 25, 1987). BISMUTH: New York dealer $3.25-$3.40 per lb. (June 25, 1987). C…
Toronto Stock Exchange High-flying market given big boost by gold
A market rally pushed the tse to record levels for the second week in a row, with metals and other resource issues counting for their fair share of the trading activity. The tse composite 300 index, w…
Belmoral completes financing of units
Belmoral Mines has completed the financing of 4.3 million units at $6.50 per unit with McLeod Young Weir International, the mining company reports. The financing raised an aggregate $27,950,000. The u…
Lord River set to drill Pellaire property
Drilling is scheduled to begin within the month on Lord River Gold Mines’ Pellaire property 120 miles north of Vancouver. Cons. Silver Standard Mines is the company’s largest shareholder with a 41% in…
Perron, D’Or Val in joint venture
Entering into an agreement, subject to regulatory approval, for the joint exploration and development of the Beaufor property in Pascalis Twp. in northwestern Quebec are Perron Gold Mines and D’Or Val…