Fast pace at Duport by Cons. Professor
Underground driling will continue at a fast pace at Consolidated Professor Mines’ Duport gold property near Kenora, Ont., reports President G. R. Cunningham-Dunlop. The underground program will includ…
News
Average yield (April 20, 1987)
The average stock yield on mining stocks on the tse as compiled by Moss, Lawson & Co. on prices of March 20 were down 0.07% from the previous week to 1.28%. Last month this group yeilded 1.52%. One ye…
Sunmist acquires exploration properties
Sunmist Energy ’86 has acquired 53 claims in Brackin Twp., Ont. The claims are held under option by Canreos Minerals which has the right to earn a 60% interest in the ground by spending $300,000 on ex…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (April 20, 1987)
April 14 April 13 April 10 April 9 April 8 Gold London Bullion Dealers afternoon (morning) $US per oz. 442.40(440.25) 435.90(436.50) 431.60(432.30) 421(421.50) 420.50(423.20) Gold Bank of Nova Scotia…
New zone found at Cannon mine
An extension to the B North ore body of the Cannon mine at Wenatchee, Wash. has been discovered, reports Asamera Inc. The new zone, called the B-4, ext ends to the west and north of the B North, whic…
News in Brief (April 20, 1987)
Augustus Resources has changed its name to Croesus Resources on a 1-new-for-2-old share basis.
Merger terms okayed for Cdn Premium, Mahogany Minerals
The boards of directors of Canadian Premium Resource Corp. and Mahogany Minerals have approved an amalgamation ratio for the merger of the two companies. An independent consultant has placed a thresho…
Four Seasons holes cut low grade assays
Drilling by Four Seasons Resources failed to intersect economic gold mineralization on the company’s Beaver Dam property in Nova Scotia. The 2-phase drill program tested sections of the main slate hor…
Whim Creek consortium buying Aussie company
Whim Creek Consolidated, acting on behalf of a consortium, has signed a deal with C.R.A. Ltd., to purchase all the shares of Forrest Bay Pty. for $76.5 million. Members of the consortium include Austw…
Hudbay bottom line better despite weak metal prices
Even though base metal prices continued at depressed levels last year, Hudson Bay Mining and Smelting was able to improve its bottom line, but not enough to boost it into the black. The company’s net …
Accounting policy change adds to Galactic loss
A much more conservative accounting policy has been adopted by Galactic Resources, major gold producing asset of which is the Summitville mine in Colorado. As a result, Galactic reported a year-end ne…
Audrey finds higher grades underground at Mobrun mine
Underground drilling and bulk samples from Audrey Resources’ Mobrun project suggest that gold grades are approximately 30% higher than first estimated, President Guy Hebert, tells The Northern Miner. …