Gamsan intersects deep sulphide zone
A recently completed deep drill hole on Gamsan Resources’ Brabant Lake property in northern Saskatchewan has intersected significant sulphide mineralization. Hole 88-11, drilled to a depth of more tha…
News
Toronto Stock Exchange Firming golds and base metals move indices
A round of buying has pushed the composite index back over the 3600-pt mark. Today’s trading saw 11.67 pts added to the index which closed at 3632.42 pts on volume of 24.9 million shares. The week lon…
Diana Resources
Diana Resources (VSE) announces a 7,000 ft drill program which will begin shortly on its 82 claim Obatogamau gold property in the Chibougamau area of Quebec. Two surface gold showings will be tested, …
Gold funds as of Feb. 28
BGR Goldcorp Central MVP Capital Net value $12.06 9.01 6.61 0.78 Price $9.50 6.125 5.75 0.66 Discount 21.23% 32.0% 13.0% 15…
Platinova, Rayrock placement
A private placement has been completed by Platinova Resources (TSE) with Rayrock Yellowknife Resources (TSE). Rayrock purchased one million Platinova shares for 50 cents per share. Rayrock has also r…
Earnings Report (March 06, 1989)
American Barrick Resources (TSE) of Toronto reports fourth quarter 1988 net income of $14.3 million, or 24 cents per share compared with net income of $9.1 million, or 16 cents per share in 1987. Re…
Mine opening spurs exploration in Stewart-Sulphurets camps
The big news this year for the Stewart-Sulphurets region in northwestern British Columbia will be the official opening this spring of the 2,200-ton-per- day Premier Gold mine, a venture involving West…
Promising Big Z core samples contained little gold
The main events in the discovery and staking of what was known as the Big Z that led to the hectic Blind River uranium boom of the 1950s have been well documented. But there were some others that both…
Correction (March 06, 1989)
Claims held by Cline Development Corp. (VSE) and Transgold Resources (COATS) also include a property which was at one time held under option by Esso Minerals. Work by Esso defined reserves of 72,000 t…
Metal Prices FUTURES PRICES (March 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar137.20 135.50 136.70 + 2.20 Apr132.00 132.00 134.20 + 3.10 May131.50 128.00 131.2…
Hecla Canada new in Canadian mining scene (March 06, 1989)
Hecla Mining Company of Canada, a wholly-owned subsidiary of Hecla Mining of Coeur d’Alene, Idaho, has recently established an office in Toronto and intends to become more aggressively involved in the…
Better base memtal prices fail to spark exploration
It is nearly 10 months now since Teck Corp. (TSE) President Norman Keevil, based on federal government studies, informed the mining industry that a major crisis may be looming in the base metals secto…