1987


Firm forecasts price of gold

Know what the price of gold will be in a year or 18 months’ time? You don’t have a clue? Well, Martin Murenbeeld thinks he does. Mr Murenbeeld is president of M. Murenbeeld & Associates Inc., a Toront…



Ahead of schedule Pegasus output climbing

With mining and processing operations under way one month ahead of schedule in Montana, Pegasus Gold is projecting cumulative gold production for 1987 of approximately 225,000 oz. Last year the compan…



Horne smelter gets acid plant

Canada’s second-largest source of acid rain, the 60-year-old copper smelter of Noranda Inc. in northwestern Quebec, is getting a new sulphuric acid plant. The plant, to help cut back on sulphur dioxid…



Shareholder seeks greater representation

A minority shareholder was unsuccessful in a bid to have a seventh director named to the board of Citadel Gold Mines at the company’s annual meeting in Toronto. “We, as minority shareholders, are bein…


Citadel busy with underground work

Citadel Gold Mines remains busy with exploration work on four properties near Wawa, Ont. At the former producing Surluga gold mine, Citadel is drifting and performing underground drilling. This work h…


Letters to editor Copper information wanted

I am interested in finding out more about the copper staking rush of the 1960s and the exploration camp, Coppermine River Ltd. at Hope Lake, near Coppermine, N.W.T. Specifically: the number of claims …


Holmer options claims to Chevron

Chevron Minerals will be spending approximately $700,000 this year on B.Y.G. Natural Resources’ Mt. Nansen gold property in the Yukon. The expenditure is almost identical to last year’s budget which w…


Firms discuss joint venture

Toronto-listed International Platinum Corp. has signed a letter of intent with Degussa A.G. to enter into further negotiations on a joint venture exploration agreement regarding several of the former’…


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