1987

The Vancouver market has turned a bit more positive. Although gold hasn’t performed too well lately it’s still at a very respectable level. Indeed, the price is well above the cost of production for m…

Golden Pacific Resources says it has an agreement in principle with a B.C. company to acquire a 51% interest in a 50-claim block in the Caribou mining division of B.C. It adds it has also purchased th…

Chance Mining gained some ground to close at 95 cents . While no deal is expected, Kidd Creek Mines has shown interest in Chance’s Timmins, Ont., area properties. Kidd Creek is currently completing a …

After nearly fours years of renewed momentum under new management, Augmitto Explorations is just two months away from a production decision on its wholly- owned Beauchastel Twp. gold property in Rouyn…

McNellen Resources and Muscocho Explorations report they will jointly finance and install a test- milling facility at their Magino gold property near Wawa, Ont., at a cost of about $5 million. The mov…

Can America Precious Metals says it has completed a first-tier 2,500-ft shallow drill program on the E zone at its Manitou Lakes property in northwestern Ontario. The company says the average depth of…

Gold London Bullion Dealers afternoon (morning) $US per oz. Date July 7 July 6 July 3 July 2 July 1 444.50(444.80) 443.35(443.10) 444.10(443.00) 446.25(447.40) 447.75(445.75) …

Shareholders of British Silbak Premier Mines recently voted to split the company in two, to create a resource company and a real estate company. Under the reorganization, all non-mining assets of the …

Exploration work is under way at Multinational Resources’ Toodoggone area property north of Smithers, B.C. The first-phase program will include more than 5,000 ft of diamond drilling in the B zone to …

An underground exploration program has been started on Canadian Gold Resources’ Kirkroyal property in Lebel Twp., near Kirkland Lake, Ont., the company reports. The program is being financed by Colray…

Demand for nickel is running higher, buoyed by record production of stainless steel by many major producing nations, Shearson Lehman Securities (formerly L Messel & Co. reports in a recent weekly publ…

Westar Mining has been given Stage 1 approval-in-principle for the proposed Falcon development at its Greenhills coal project in B.C.’s Elk Valley. The announcement was made jointly by Energy, Mines a…