Barrick’s Carlin finds signal latest gold rush
North America doesn’t realize that the latest gold rush on this continent is only just beginning, remarked one of Canada’s most experienced mining financiers before a recent tour of Nevada’s Carlin go…
News
Metal Prices FREE MARKET London Metal Exchange (October 26, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Copper 1112-1115 1210-1211 N/A 1216-1217 1211-1213 Lead 370-372 364-365 N/A 365….
Galactic to acquire control of All-North
Galactic Resources will acquire a 64% control position in All-North Resources. The agreement calls for All-North to acquire Galactic’s 96.04% equity interest in Hudson-Yukon Mining in exchange for the…
Etruscan drills holes in Nevada
Five shallow drill holes have been completed on Etruscan Enterprises’ Gabel Canyon property in Nevada. A sulphide-rich near-surface zone has been found which the company believes could represent part …
People (October 26, 1987)
Exall Resources — Stephen G. Roman appointed president, succeeding Murray Axmith who is retiring but remains a director and advisor.
Further results due soon from Falconbridge find
Further drill results on Falconbridge Ltd.’s so-far impressive new base and precious metals discovery near Sudbury, Ont., should be available “within three weeks,” according to M. J. Knuckey, vice-pre…
Tailings projects highlight Pamour’s $100-million plans
The Pamour Group of companies — Giant Yellowknife Mines, operator of five mines in Timmins and one in Yellowknife; ERG Resources, operator of a tailings retreatment project in Timmins; and Pamorex In…
Too much emphasis on gold?
The mining industry’s heavy emphasis on gold is endangering the continuity of Canada’s base metals sector after the mid-1990s, warns the federal Department of Energy, Mines and Resources. “A projectio…
Northway, Aur report encouraging results
Encouraging gold values have been intersected in the first two drill holes of an exploration campaign on the Bargold property in Barraute Twp., 30 miles north of Val d’Or, Que., Northway Explorations …
Results confirm platinum potential, Oasis says of Delta
Preliminary results from zone D-8 North, D-8 South and D-9 confirm the platinum potential of the Delta project in the Ungava region of northern Quebec, Oasis Resources says. The project, which covers …
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…
World gold suppliers count on strong investment demand
When someone talks about gold supply and demand, it’s best to remember that throughout history, the precious metal never seems to have been out of fashion. What made gold attractive centuries ago — i…