Marker active in Baie Verte
Alberta-listed Marker Resources has staked some 318 mineral claims covering 12,700 acres in the Fleur De Lys area of the Baie Verte Peninsula of Newfoundland. President Gordon Barron says this ground …
News
Metal Prices FUTURES PRICES N.Y. Commodity Exchange (May 11, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) May 65.00 64.15 64.90 + 2.85 July 64.25 63.45 64.20 + 2.15 Sept. 64.0…
Westmin increases profit, plans gain
A sharp increase in net earnings was reported by Westmin Resources in its first quarter. Earnings reached $5.3 million compared to $1.6 million in the same period last year. Including a provision for …
Placer, Dome/Campbell to merge
In what will certainly represent the largest mining merger in Canadian history, Placer Development, Domes Mines, and Campbell Red Lake Mines have agreed to form a new company which will have a market …
Granges to get Ican shares
An extension has been secured by Granges Exploration to acquire 3.3 million shares of Ican Minerals on a share exchange basis. Citing “unavoidable delays encountered in acquiring drill hole samples fo…
Iron ore workers approve contract
Iron Ore Company of Canada workers at Labrador City, Nfld., members of USW Local 5795, have approved a new contract. Terms of the contract were not disclosed. The union local is the bargaining unit fo…
Profit on growth curve for Kerr Addison Mines
With two new high grade mines waiting in the wings, Kerr Addison Mines expects this year’s bottom line to look better than ever. This expectation is already unfolding as it should. Net earnings of $4….
Calpine completes five drill holes
Calpine Resources of Calgary has announced the completion of five holes (2,251 ft) on the DD zone at the Eisler Lake, Sask., gold property. Complete results are not yet available. Hole No 1, drilled …
Investment Comment Trader Resource Corp. is in the transition stage
Investors looking for exposure in a company which is making the transition from exploration and development to the producer stage might consider Vancouver-listed Trader Resource Corp. Trading at press…
Canamax closes in on gold production target
A mere five months after its Bell Creek project went into production, Canamax Resources has made two announcements which could bring the Toronto gold mining company closer to realizing its plan to pro…
Metal Snips (May 11, 1987)
Two American firms, A-Mark Precious Metals and Manfra Tordella and Brookes, have become official distributors of the Isle of Man’s platinum Noble bullion coins. Introduced in 1983, the coins are 99.95…
Queries Watson Lk. claims are near Sault Ste. Marie
Recently you described Operation Wawa. It was of interest to me as I hold stock in Watson Lake Mines which has a large claim between Sault Ste. Marie and Wawa, Ont. I have been through the last year…