Steep Rock starts commerical shipments
Commercial product shipments started this month reports Steep Rock Resources, following the completion of construction of the first phase of the multi-phased ultra- fine calcite plant at Perth, Ont., …
1987
Sullivan’s downside: Valdez upside is Arthur White mine
Reduced production and cost increase at the Valdez Creek mine in Alaska are the prime culprits behind the $687,000 loss posted by Sullivan Mines in its latest fiscal year. President Claude Genest, in …
Kidd to drill Chance ground
Further exploratory drilling is to be carried out by Kidd Creek Mines on ground it holds under option from Chance Mining and Exploration in the Timmins area. This new work will include additional foll…
Oretruck on fire at Murdochville
Two weeks after a fire claimed the life of a miner at the Noranda Minerals Inc. copper mine at Murdochville, Que., on the Gaspe Peninsula, a 13-ton oretruck caught fire underground. No injuries were r…
Technology spurs graphite demand
The total market for graphite in North America is small, between 50,000 and 80,000 tons a year (compared with 610,000 tons world- wide). But new technology is spurring demand at growth rates of 1%- 3%…
Falconbridge in the red, cheered by gold, silver
Earnings news on the first quarter this year announced at the annual meeting was considerably less than a barnburner for Falconbridge Ltd., but the company is looking for better things for the rest of…
More Dome drilling on Melrose bet
A drilling program, overburden and diamond, is scheduled to be started after breakup on Melrose Resources’ Blackstock Twp., Ont. property by Dome Exploration. Dome says it intends to spend a further $…
Unigold drilling in Timmins area
An approximate 3,000 ft drilling program has been completed on serveral ip anomalies on the Penhorwood properties, west of Timmons, Ont., by Unigold Resources,. President J. Claude Bonhomme says that …
Drilling identifies gold-bearing pods
Five gold-bearing pods have been partly delimited by J.A.G. Mines at its Malartic property in northwestern Quebec, following drilling at 19 sites. The pods are contained in a structure 4,000 ft long a…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (April 27, 1987)
April 21 April 20 April 17 April 16 April 15 Gold London Bullion Dealers afternoon (morning) $US per oz. 449.50(454.30) N/A N/A 437.75(441.00) 444.10(445.50) Gold Bank of Nova Scoti…
Alberta Stock Exchange Most issues sideways
Directionless trading appeared to be the order of the week on the Alberta Stock Exchange, as gold prices corrected modestly to the $445 (US) level. Unlike last week, the most active traders list faile…
Aluminum talk
An aluminum symposium hosted by Metals Week is scheduled for Oct 19 and 20 in Zurich, Switzerland. Titled “Structural Change: Who Will Benefit?,” the symposium will offer insights on the changing role…