An initial ore reserve figure of 7.8 million tons grading an average of 0.187 oz gold per ton has been established by Lac Minerals from a new zone near the eastern boundary of its Bousquet property in…
Excessive debt is being cited once again as the reason behind losses at Eldorado Nuclear Ltd. The big uranium miner and nuclear fuels manufacturer reported a loss of $12.7 million on revenues of $69.7…
Jilbey Industries says diamond drilling and other work, including an IP survey, is under way on its 16-claim property in Duverny Twp. near Amos, Que., with Bay Resources and Services as operator. Jilb…
Sunrise Metals has acquired a block of mineral leases, subject to a 3% royalty and cash option payments, adjacent to Seabright Resources’ Beaverdam gold discovery in Nova Scotia. Sunrise has also acqu…
Tundra Gold Mines has reached an agreement with NIM and Co. Limited Partnership — 1987 which will provide Tundra with $2.6 million. The cash will be provided on a flow-through share basis. Tundra wil…
An auction of collectible stock certificates will be held on Feb 18 in Montreal. Organized by Micheline Masse, president of Stock Market Information Service, the auction will include many old and valu…
Records were broken with a vengeance on the Toronto Stock Exchange with investors trading a greater dollar value and a greater volume of shares in 1986 than ever before. Dollar value traded rose to $6…
BP Canada Inc. has filed a preliminary prospectus for an offering in Canada of 3,000,000 common shares at a price of $36.625 per share. The underwriters for the issue are Wood Gundy Inc. and McLeod Yo…
A 4,200-ft drilling program is continuing at Canper Resources’ Katrine-Ossian Twp. gold property in the Larder Lake area of northeastern Ontario, known formerly as the Walsh-Katrine mine. To date, gol…
Perrex Resources plans to spend $475,000 on exploration of the company’s 103-claim property in Harker and Elliott twps., Ont. Located north of Kirkland Lake, Ont., the properties cover structures beli…
Semi-monthly report as of Dec 15 showed 15,239,477 shares of 626 issues compared with 15,703,337 shares of 632 issues on Nov 30. Larger individual positions include: Amer. Barrick 33,500; Asamera 82,6…
Lakeshore Minerals says it recently completed a private placement of 100,000 units, each unit consisting of three Lakeshore common shares and one warrant good to purchase a single common share for $1,…
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