People (August 22, 1988)
Golden North Resources — John S. Godfrey appointed chairman of the board; Paul F. Saxton, president; Anthony Tam, treasurer; Eunice E. Davies, assistant secretary.
News
Omni’s Mt. Skukum soon to begin production
Most people are surprised to learn that hardrock mining is a recent addition to the Yukon’s gold mining history. Indeed, names like Mt Skukum and Ketza River are all part of the new “hardrock generat…
Queenstake’s placer mine big business in Atlin
In small communities like Atlin where placer mining is the major industry, a code of honour exists among locals that is rarely broken. Stealing from your employer is taboo and those that do are ostrac…
Investment Comment Aussie assets make Whim Creek a buy
In a bid to turn Whim Creek Consolidated (TSE) into an international mining concern, Peter McAleer spends much of his time on board aeroplanes which take him to properties in Australia, the United Sta…
Breakwater earnings increase
Increased production, an improved gold grade and lower operating costs at the Cannon Mine in Washington State all joined forces to make a better bottom line for Breakwater Resources (TSE) during the f…
Normetal, La Sarre drill off reserves at zinc-silver project
Normetal Mining Exploration (ME) and affiliate company La Sarre Mining Exploration (ME) have delineated several blocks of reserves on the former producing Normetal polymetallic mine near La Sarre, Que…
Hemlo Gold Boosts Teck Earnings
Net earnings of $20.9 million or 26c a share were reported by Teck Corporation (TSE) for the quarter ended June 30, 1988, up from $9.5 million or 11c a share in the comparable period a year earlier. R…
Montreal Exchange Orex gains ground
A quiet week on the Montreal Exchange saw most resource issues lose ground with junior issues suffering the most from the lack of interest in the market. An indication of the weaker interest in junior…
Alberta Stock Exchange Aug 17 Noble Peak moves up
Some good assay results from the Turquetil property in the Northwest Territories made Noble Peak Resources a standout on an otherwise lacklustre trading session. The Noble Peak issue gained 25 cents …
Can. Centre for Geoscience Training
Canada’s world renown expertise in mineral exploration technology, which has aided in numerous international mineral discoveries, is becoming even more accessible to developing nations. Through the Ca…
Alberta Gold’s Iris claims could be mined via open pit (August 22, 1988)
A financing agreement has been signed by Alberta Gold Exploration Corp. (ASE) which will provide the company with $1.9 million on a flow-through share basis. A large portion of the funds will finance …
Vancouver Stock Exchange Low market liquidity
When your broker insists the market is “bottoming out” and the dailies carry stories about brokers having to drive to work in their Volkswagen “bug” instead of a Porsche you just know things are getti…