Belmoral probing Aurora copper bet
Belmoral Mines (TSE) has started a 2,000-ft drill program at Aurora Gold’s (ASE) Rock Lake copper- gold property in Aberdeen and Plummer twps., near Sault Ste. Marie, Ont. Belmoral is earning a 50% st…
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Louvem makes offer to A shareholders
Societe Miniere Louvem (TSE), one of the two joint venture partners involved in the Louvicourt Twp. massive sulphide discovery east of Val d’Or, Que., is making a new offer to holders of its Series A …
Exall awaiting better markets
With nearly $2.5 million in its treasury, Toronto-based Exall Resources (TSE) says it will await better market conditions before launching any new programs on its gold properties at Red Lake, Ont. Exa…
Silver in doldrums, unable to excite investors
Like its sister precious metals, silver has been in the doldrums of late. Unlike gold or platinum, however, the metal seems to face a greater up-hill battle for respectability among investors. Hoverin…
Dia Met seeks partners for diamond hunt
Joint venture partners are being sought by Kelowna-based Dia Met Minerals (VSE) to participate in the evaluation of a diamond prospect in Arkansas. The company recently filed a letter of intent with t…
Golden Knight, Inco open second mine in Quebec
The second gold mine at the Casa Berardi project owned by Inco Gold and Golden Knight Resources (TSE), is ahead of schedule and under budget. Named Casa Berardi Ouest, the new mine is set to start pro…
Van Ollie reports Wawa assay results
Preliminary assay results have been reported by Van Ollie Explorations (COATS) from recent surface work on the company’s McMurray Twp. gold property near Wawa, Ont. Van Ollie recently completed a prog…
Editorial Welshing on a bet
It seems pretty straightforward. If you buy shares and the price goes up, you make money. If the price goes down, you lose. When the stocks being sold are offered by the company through a prospectus…
Eastmaque gold output passes 10,000 oz in latest quarter
Eastmaque Gold Mines (TSE) has had its best fiscal quarter ever with respect to gold production. During the company’s first quarter, operations in Ontario and Nevada produced a total of 10,604 oz of g…
Montreal Exchange Seniors in favor
A period of volatile trading has overtaken the stock market, moving investors to side with the cautious crowd. That the top trading stocks this past week were mainly “seniors” bears out this observati…
Midrim drilling Montana property
Three drill holes have been completed on the Ringing Rocks property, 18 miles east of Butte, Mont., by joint venture partners Midrim Mining (COATS), and Vital Pacific Resources (VSE). Midrim reports t…
Metal Prices FUTURES PRICES (October 23, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct129.50 129.10 129.30 — 1.85 Nov– — 128.80 — 1.00 Dec129.80 127.10 128.30 + 0…