Juniors more active than ever in Manitoba
Manitoba is currently experiencing considerable mineral exploration and mine development by the junior mining sector. It is possibly the most activity ever by juniors in the province, with more than 6…
1987
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 15, 1987)
June 9 June 8 June 5 June 4 June 3 Gold London Bullion Dealers afternoon (morning) $US per oz. 452.65(452.05) 456.55(454.40) 453.50(454.70) 452.75(450.25) 453.00(453.35) Gold Bank of Nova Scotia, …
Place hopes are riding on Golden Rose property
Despite the apparent lack of shareholder interest in the activities of Place Resources, chairman Michael Butler expects 1987 to be a banner year for the Toronto company. Only six shareholders attended…
Flow-through is driving Quebec’s mining boom
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…
$4 m. to be spent on Fontana bet
Coats-listed Bay Resources and Services has optioned a 16-claim property, called the Fontana property, located in Duverny Twp., Que. to an affiliated private company called Stratmin Inc. Bay holds a 7…
Increased exploration in northern Saskatchewan
Mineral exploration expenditures in northern Saskatchewan will reach $55 million in 1987, with $18 million to uranium, $2.3 million to base metals and $34.5 million to precious metals. Exploration exp…
N.W.T. hotspots include Courageous, Contwoyto
Most exploration by junior mining companies in the Northwest Territories is for gold in Archean supracrustal rocks of the Slave Structural Province. There are four main areas where activity is current…
Breakwater offering
Breakwater Resources of Vancouver has given a Swiss bank the mandate to offer for sale in Europe 35 million Swiss francs (approximately $31 million) as the principal amount of convertible Eurobonds. T…
Thorco acquires an interest in S. African mine
Thorco Resources reports it has acquired 100% of the issued share capital and warrants of Centurion Exploration and Mining, a U.K.- -based mining company with a 60% controlling interest in a South Afr…
Gold production planned by Rouyn Mining in ’88
The Francoeur property of Rouyn Mining Resources could be in production as early as next March pending receipt of a positive feasibility study, President Jean-Guy Rivard told a group of investors in T…
Goldpost to fund Hislop drilling
Goldpost Resources of Toronto will spend the $2.3 million it raised through class “A” flow-through warrants, to explore its Hislop West property near Timmins, Ont. Goldpost recently finalized the exec…
U.S. Precious Metals trading on TSE
The shares of Vancouver-based U.S. Precious Metal began trading on the Toronto Stock Exchange under the stock symbol usp effective recently. The original listing is in the mining category for 10,272,1…