La Ronge area to attract $65m. spending in 1988
A 6-year exploration boom in the La Ronge area of northern Saskatchewan, has opened up a new gold mining camp. According to Claude Resources (TSE), one of the major players here, $65 million will be s…
News
FINANCING (June 13, 1988)
VANCOUVER Approach — min 600,000 offered @ 35 cents per sh. Claw — 600,000 sold for gross $127,400. Dundee — gross proceeds rec $270,000. Tungco — 700,000 shs offered @ 82 cents per sh. Trans As…
Montreal Exchange Francoeur set to go
More good news from northwestern Quebec. Project manager Rouyn Mining Resources announces completion of a 25,000-ton bulk sample from the Francoeur property located est of Rouyn-Noranda averaging 0.19…
Letters to the Editor Faulty memory?
It is extremely rare that I bother to write on the accuracy of articles in a paper, but in your May 30 edition you carry a story on your editorial page by Franc Joubin that, if he is going to publish …
Skyline’s Iskut River a hot B.C. play
In general, gold discoveries in northern British Columbia require a grade premium over comparably-sized deposits further south; the reason, of course, is to offset poor exploration logistics and high …
Gold not a mere metal
Like it or not, we cannot describe gold merely in terms of its physical and chemical properties, production statistics, or its market value. Like oil, so aptly called “black gold,” but exerting a far …
Golden Shield loss lower in quarter
Golden Shield Resources (TSE) reports a loss for the three months ended March 31 of $169,045 (1 cents per share) compared with a loss of $130,874 (2 cents a share) for the same period last year. Cas…
Abermin Corp. reports loss
Abermin Corp. (TSE) reported a $355,000 net loss for the quarter ended March 31 compared to a $202,000 loss a year earlier. Working capital (cash and short term deposits) totalled $1.5 million at the …
Alberta Exchange: smaller is better?
It may be the least visible of the four Canadian exchanges, but for junior mining companies trading on the Alberta Stock Exchange, smaller can sometimes be better. Free from the red tape and bureaucra…
Cominco Resources reports high grade
Drilling at the Sheep Creek copper property of Cominco Resources International (TSE) and BHP-Utah International near Helena, Mont., has intersected high grade copper mineralization over a significant …
Ecudor financing (June 13, 1988)
More than $400,000 was raised recently by Ecudor Inc. of Rouyn- Noranda, Que., through a private placement of shares and warrants with the president of the company, Serge Sejourne. The placement compr…
Gold helped to open the Manitoba frontier
Gold was often the catalyst that opened new lands in Canada’s north and west, and Manitoba was no exception. Soon after gold was discovered in the Black Hills of South Dakota in 1879, prospectors move…