Jascan earns interest in Montana silver bet
Jascan Resources of Toronto has reached an agreement to earn an interest in a large silver/copper deposit in Montana. The agreement requires Jascan and partners Pacific Coast Mines and Atlantic Goldfi…
1987
Hudson Bay picks up steam
Hudson Bay Mining and Smelting moved well into the black in the first half this year, thanks primarily to higher production and sales volume for both copper and zinc. In the second quarter, the compan…
Steel consumption may drop 3% this year, OECD reports
Total steel consumption may decline by 3% this year among oecd- member countries, the Paris-based Organization for Economic Co- operation and Development reports in The Steel Market in 1986 and the Ou…
Amir buys control of Arizona Star
A 36% interest of Vancouver-based Arizona Star Resource was recentl y acquired by Amir Mines. The latter purchased 1.2 million shares for $864,000. In addition, Amir acquired a one-year option to purc…
Hemisphere busy with four projects
Exploration programs are under way on four properties controlled by Hemisphere Development. In the Courageous Lake area, N.W.T., the company is drilling sections of a 14-km-long property which adjoins…
Barrick to drill Pandora property
In a bid to expand current reserves on the Pandora gold mine property in Cadillac Twp., Que., American Barrick Resources will begin a 25,000-ft surface drilling program later this month. A former gold…
Three drills are working on Westmin-Nexus bet
Three diamond drills are working at the Debbie property on Vancouver Island, a joint venture between Westmin Resources, Nexus Resources and Angle Resources. A $2-million program is under way on the 24…
Surveys under way at Samarkand bet
Detailed geological surveys are under way on the Roman property of Samarkand Resources on the British Columbia-Yukon border, the company reports. It says rock samples from the property have assayed up…
FUTURES PRICES (August 24, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug. — — 78.35 – 1.25 Sept. 79.85 77.90 78.00 – 1.40…
Cal Graphite is set to start graphite output
A $7.5-million financing is in place and regulatory approvals have been obtained by Cal Graphite Corp. of Lively, Ont., to bring its big graphite deposit at Granite Lake, 155 miles north of Toronto, i…
Toronto Stock Exchange Profit taking terminates market winning
What initially appeared to be the start of another record breaking week on the Toronto Stock Exchange, has turned into a week of profit taking. Following a record high of 4,112.86 pts early in our rev…
First Exploration Fund goes public under new name
The 2,534 investors who bought units of First Exploration Fund last year are now the proud shareholders of Equity Preservation Corp. Trading publicly for the first time this week on the Montreal, Toro…