Placer bulk test yields 1,000 oz for Gold City
A 30-day bulk sample test of gold placer gravels at Indian River, 35 miles south of Dawson City, Yukon, has yielded 1,000 oz of gold dore ingots, Gold City Resources reports. Gold City is conducting t…
1987
Toronto Stock Exchange Rate and inflation fears awakening
After five years the raging bull market which has propelled most market indices to record highs, is finally showing distinct signs of aging. A common characteristic of this aging process is the high d…
Metal Prices FREE MARKET London Metal Exchange Spot closing prices
Date Sept. 8 Sept. 7 Sept. 4 Sept. 3 Sept. 2 Copper 1069-1070 N/A 1044-1046 1031-1032 1043-1044 Lead 412- 414 N/A 412- 414 408- 409 404- 405 Zinc 448- 450 N/A 457- 458 453- …
Lingman Lake results so significant program will likely be
Exploration work is going full tilt at Lingman Lake, near the Manitoba-Ontario border. About 25 people are on site, supporting a mapping, trenching and sampling program under the direction of Durham G…
Flanagan and partners exceed reserve numbers
Estimated reserves at the Magnacon gold project northwest of Wawa, Ont., are strongly exceeding original expectations, the three joint-venture partners report. The companies involved in the project ar…
Yukon Chamber mining school
The British Columbia and Yukon Chamber of Mines will hold its 69th annual prospecting and mining school in Vancouver again this year. Classes begin Tuesday, Sept 15, and run Tuesday and Thursday eveni…
New Goldstrike reserves a bonus to Franco-Nevada
A short-term pain for long-term gain mining strategy at the Goldstrike mine in Nevada, reduced Franco-Nevada Mining’s royalty and net profit returns during the first quarter of 1987. Franco-Nevada ret…
Bitech funded for exploration work
A $125,000 working capital loan has been arranged by Bitech Energy Resources. The loan was provided by D.C.C. Equities. Exploration funding for the year will come from two placements of flow-through s…
La Fosse encouraged by Labrador platinum hunt
La Fosse Platinum Group continues to meet with encouragement at the company’s platinum group metals projects spread across the Schefferville and Kuujjuaq regions of Labrador. In the Retty Lake area, L…
Cons. Professor feasibility expected by early 1988
A feasibility study is being prepared by Wright Engineers for Consolidated Professor Mines’s Duport gold project. Located at Shoal Lake, west of Kenora, Ont., the Duport property hosts a geological re…
People (September 14, 1987)
London Metal Exchange — Didrik Normark and Jon Pither have joined the board.
Pamour and St. Joe deals signal Australian invasion
Nearly four years after Prime Minister Brian Mulroney declared that Canada was open for business, Australian mining companies have been answering the clarion call with an unprecedented wave of investm…