Exploration Tunnel Key to Debbie/Yellow Project
Westmin Resources (TSE) and Nexus Resource Corp. (TSE) seem satisfied with their progress driving a 1.2-mile- long exploration tunnel through a mountain near Port Alberni. The tunnel will allow the co…
News
Obituary Murdock C. Mosher
Murdock Charles Mosher, one of Canada’s best known prospectors, died Sept 6 at Centenary Hospital in Scarborough, Ont. He was 85. Born in Wine Harbour, N.S., “Murdie” was one of three brothers who sco…
Improved first half for Belmoral Mines
Net income of $3.8 million (10 cents per share) on revenues of $15.5 million was reported by Belmoral Mines (TSE) for the first six months of 1988, compared with net income of $349,000 (1 cents per sh…
Alberta Stock Exchange Few signs of optimism
If North American investors are convinced that stock prices are on their way up, there were few signs of optimistism on the lacklustre Alberta exchange. Volumes were generally low and only a handful o…
Montreal Exchange Golden Pond drilling
News that a new gold mine in Quebec’s Casa Berardi region is being opened by Inco Gold and Golden Knight Resources is exciting enough, but now the two companies report a couple of significant intersec…
Pioneer earnings reflect seasonal operations
Second-quarter financial results for Pioneer Metals (TSE) remained much the same as comparable 1987 figures. Net income for the period was $870,000 compared with $770,000 for the period ended June 30,…
Robex, Aylmer begin exploration of Raymor bet
An exploration campaign has been started up by Robex Resources (ME) and Aylmer Mines on the Lac Arthur property located in Dalquier Twp. in northwestern Quebec. The companies may earn up to a combined…
Parquet options Courville bet
An option to earn a 30% interest in the Courville gold property near Val d’Or, Que., has been obtained by Finor Exploration (ME) from Parquet Resources (TSE). The agreement, subject to regulatory appr…
Euro-Nevada set to buy more royalties
With a first quarter cash position of $9.5 million, Euro-Nevada Mining (TSE) considers itself financially equipped to pursue its royalty acquisition strategy. The Toronto-based affiliate of Franco-Nev…
News in Brief (cb)
Pacvest (VSE) is participating in a private placement made by International Interlake Industries (VSE). Pacvest will purchase 150,000 units of International Interlake at $1.25 per unit. Each unit cons…
Belmoral to take short cut in accessing Broulan zones
Broulan Resources (TSE) and partners Belmoral Mines (TSE) and Wrightbar Mines (ME) say they may elect to take a shorter route toward exploration at the old Broulan mine property near Timmins, Ont. In …
Radisson gets good results at Duquesne
Radisson Mining Resources (ME) says it will take a large bulk sample from a former gold producer called the Duquesne property as the next step in a major underground program. Results from a 23,000-ft …