1987

An affiliate company of Edda Resources has acquired interests in more than 25,000 acres of ground in the Athapapuskow area of Manitoba. The focus of the exploration programs scheduled for the properti…

The log-jam of assay results in Atlantic Canada has been broken. Tse-listed Acadia Mineral Ventures has received encouraging assay results from 32 of 51 holes drilled on its Mooseland property in Nova…

By the time you read this, a nerve-racking chapter in Canadian mining history will have reached its climax. For many in the industry, expecially i the junior sector, June 18, 1987, will be remembered …

Cominco Resources International Ltd., which recently organized to act as Cominco Ltd.’s exploration and mine development arm outside Canada, Alaska and Australia, has completed the sale of 41.4% of it…

While gold has captured the public’s imagination of late, the search for l industrial minerals has proved attractive to a number of mining companies. Properties in Canada and the United States are act…

The boards of directors of Belmoral Mines and Vedron Ltd. are exploring the possibilities of a merger of the two gold mining companies. Belmoral currently has a 39% interest in Vedron and, under an ex…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 70.15 69.55 70.10 + 0.70 July 70.15 69.25 70.10 + 0.80…

Brunswick Mining and Smelting Corp. reports first quarter earnings of $355,000, compared with a loss of $3,525,000 in the first quarter of 1986. Value of mineral production in the latest period was $6…

Vancouver-based Four Seasons Resources has established a Maritimes exploration arm, F.S.R. Maritimes Exploration. F.S.R. Maritimes is negotiating an option agreement with Four Seasons whereby it could…

Ceasar Resources has changed its name to Audre Recognition Systems Inc. on a share-for-share basis.

World crude steel production in 1986 totalled 714 million tonnes, down from 720 million tonnes in 1985, the International Iron and Steel Institute reports. Crude steel production of the western world …

Exploration expenditures in Quebec grew by 58% in 1986, soaring to an unprecedented $263.1 million. More than 87% of this investment was earmarked for the off-site exploration for which the spending r…