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
Metall Mining is shopping for polymetallic bargains
At a time when the recent stock market debacle has added to the list of available mineral properties in North America, a new player has joined the hunt for bargains. Armed with a war chest of approxim…
American Ore’s Iskut River bets, show mineralization
Alberta-listed American Ore has reported a deficit of $9,390,795 for the six months ended June 30, compared with $8,049,966 during the same period last year. Revenues for the first six months of 1987 …
PRODUCER PRICES (November 02, 1987)
ALUMINUM: MW U.S. Market 85.00 cents -88.00 cents per lb. (Oct 22, 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…
Reed possible chromite mine Gateford and Macamic say
Partners Gateford Resources and Macamic Resources expect to have a drill program completed by March, 1988, on their Reed-Belanger chromite property in the Eastern Townships, Que. Macamic must spend $7…
Investment Comment Gordex is worth a look
While investors scurry to find a shelter from the recent stock market debacle, gold could still provide a refuge from the recession which analysts say could be just around the corner. Current thinking…
Energex finishes Toodoggone work
The $2.3-million exploration program on Energex Minerals’ Toodoggone area property in northern B.C. has been completed. A month ago the company raised another $300,000 (flow- through) to extend the pr…
Six-month recovery 7,300 oz for Canroes
Gold recovery during the second and third quarters will be 7,300 oz with an estimated production cost, including processing, of $227(US) per oz, Canreos Minerals reports. The company says it mined 65,…
Deka nears production for Minnova, Syngold
A production decision is still some time away for the Deka (Donalda mine) prospect in northwestern Quebec, but Syngold Exploration President Barry Simmons is confident the project will be developed. A…
May is target date for construction start at Northumberland mine
Construction of its Murray/ Brook gold and silver mine in New Brunswick could begin as early as May of next year, says the president of Northumberland Mines. Dr William Young says, thanks in part to f…
Flood of share buybacks issued by mining companies
The collapse of the stock markets, which has erased billions of dollars of value and decimated investor confidence, is also being seen as a buying opportunity — by none other than the companies thems…
Sherritt, Agassiz end negotiations over SherrGold
Negotiations between Sherritt Gordon Mines and Agassiz Resources involving acquisition by Agassiz of the former’s shareholding (60.5% interest) in SherrGold Inc., together with certain other mining in…