Cusac, Gulf secure custom milling contract
With a custom milling contract now in place, 50/50 partners Cusac Industries (TSE) and Gulf Titanium (VSE) say the processing of ore produced at the Cruse-Belmont mine near Helena, Mon. will begin in …
News
U.S. Gold adds up fifth year of profits
Denver-based U.S. Gold Corp. (NASDAQ) reported its fifth consecutive year of profits in 1988, despite an expected decline in revenues over comparable 1987 figures. For the year ended Dec 31, the compa…
September is target date at St Andrew’s Stock Twp.
It may be well into 1990 before St Andrew Goldfields’ (TSE) Stock Twp. project situated on the famous Porcupine-Destor Fault zone structure, near Timmins, Ont., approaches anything close to full speed…
Metal Prices PRODUCER PRICES (April 03, 1989)
ALUMINUM: MW U.S. Market US90-94 cents per lb. (Mar 22, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). CADMIUM…
Stratabound property yields metal results
With three mills in the immediate vicinity and a winter drilling program now complete, Stratabound Minerals’ (ASE) CNE massive sulphide property near Bathurst, N.B., is beginning to look promising. St…
Vancouver Stock Exchange Guinness rises
High interest rates and fears of a recession continued to keep the investors at bay and put the damper on recent trading activity here. A strong U.S. dollar, weak gold prices, and Easter week compound…
Tri-Valley earnings rebound
Rebounding from heavy write- downs in fiscal 1987, Tri-Valley Corp. (OTC) reported a net profit for its 1988 fiscal year ended July 31 of $47,038(US) or 1 cents a share on revenues of $663,667. In it…
More enouraging results released from Trader bet
Further results have been released from the Ronnoco Gold Mines (COATS) property near Timmins, Ont., where Trader Resources (TSE) is spending $400,000 to drill a mineralized porphyry structure. Toronto…
Trio in Carlin (April 03, 1989)
Trio Gold Corp. (ASE) has acquired a 100% interest in 29 claims near Elko Cty., Nev. The claims are within the prolific Carlin trend, a major geological feature hosting several large open pit gold dep…
Earnings Reports (April 03, 1989)
Conwest Exploration (TSE) reports for the year ended Dec 31 a net income of $12.9 million or $1.01 per share on revenue of $97.7 million. For the same period a year earlier the company reported a net …
Queries orenda Gold no longer exists
I recently inherited 100 shares of Orenada Gold Mines purchased back in 1945. I would like to know if these shares have any current value, and if so, where I can redeem them. R.M., Leamington, Ont. We…
SOQUEM planning return to Quebec’s Abitibi area
A more aggressive SOQUEM (Societe quebecoise d’exploration miniere) may be about to make a return to the Abitibi region, or northwest, of Quebec in search of base metals. The president of SOQUEM, Dr A…