Drilling Planned for B.C. Silver Project
After uncovering high grade silver during their recent Phase I exploration program, 50/50 joint venture partners Schellex Gold (VSE) and Harrisburg- Dayton Resource Corp. (VSE) say a 4000-ft diamond d…
News
Vancouver Stock Exchange Low volume, higher interst rates
The VSE market churned its way on very low volume through yet another quiet week. The most noteworthy event was the VSE Index dropping below the psychological 1000 mark, but this wasn’t enough to get …
Drilling started at Lac’s Apolinario
Drilling is under way at the Apolinario gold property in Chile, Lac Minerals (TSE) reports. The major gold producer has an 85% interest in the property which is located on a mountainside 16,000 ft abo…
PRODUCER PRICES (August 29, 1988)
ALUMINUM: MW U.S. Market $1.24-$1.28 per lb. (Aug 11, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.90-$6.05 per lb. (Aug 4, 1988). CADMIUM: New Yor…
Approval given for ABM/Northgate deal
Toronto-based Northgate Exploration (TSE) has completed a transaction to acquire all of the shares of ABM Mining Group, a Vancouver holding company. The transaction gives Northgate 45% of the equity a…
Alberta Stock Exchange Octan gains ground (August 29, 1988)
Preliminary assay results from Octan Resources’ Bonanza silver property in the Northwest Territories, made the Calgary company the one to watch during trading this week. With 90,000 shares changing ha…
FINANCING (August 29, 1988)
ONTARIO Fiedmont — final rec iss offer 1,500,000 @ $1.32 per sh. Released From Escrow Cambior — 1,644,887 shs released. Moli — 2,000 shs released. VANCOUVER Pine Channel Gold — 600,000 sold for gr…
Belore to earn 50% of United Reef bet
Toronto-based Belore Mines (ASE) has agreed to earn a 50% interest in United Reef Petroleums’ (TSE) Meat Cove deposit, the company said recently. Located on Northern Cape Breton Island, N.S., the zinc…
Timmins Report Matheson stops prosperity
Black River – Matheson Township council has been accused twice of behaving in a manner that prevents prosperity to the township, located 40 miles east of Timmins, near the burgeoning Harker-Holloway g…
Query Aldermac was Ascot
I’d like to know what happened to Aldermac Copper Corp. I understand it was bought by Ascot Metals Corp. in 1949. I’d like to know the name of the present company which took over Aldermac Copper. F. …
Noranda nearing 20% stake in Falconbridge
Not content with simply being Falconbridge Ltd.’s largest single shareholder, Noranda Inc. has increased its ownership of the nickel producer to 16.5% and will probably buy more. After failing once to…
Investment comment Galactic returns to broker’s good books
After its credibility was severely damaged by operating problems at the Summitville gold mine in Colorado, Galactic Resources (TSE) appears to be back in the good books of at least one British brokera…