City Resources Launches Exploration Subsidiary
By late September, City Resources (Canada) (TSE) expects to have in hand the final feasibility study for its Graham Island gold project in British Columbia. In the meantime, the Australian-backed mini…
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Results from Hemlo prospect are inconclusive: Interlake
On behalf of Noranda Inc. (TSE), affiliate Hemlo Gold Mines (TSE) is continuing to look for a deep extension of the Page Williams ore zone on the International Interlake property at Hemlo, Ont. Under …
Barrick’s Goldstrike mine Crown jewel in company
Not quite two years ago the Goldstrike Mine was a relatively small heap leach producer and a moderately successful one at that. But this was before Toronto-based American Barrick Resources (TSE) got i…
Interquest sees end to financing dispute
A dispute between Interquest Resources Corp. (TSE) and Trader Resource Corp. (TSE), now before the courts, could be settled before the end of September says Interquest Chairman William Koyle. The disp…
Vancouver Stock Exchange High rates, low prices, cool economy
A September rally hasn’t materialized, so there isn’t much joy in Vancouver these days. The past week on the Vancouver Stock Exchange was relatively quiet, but volumes were picking up toward the end o…
Toronto Stock Exchange Small advances fail to stem themarket’s
Small advances made yesterday and today, failed to stem losses realized during our review week. The absence of any major buying and weak market support resulted in continued losses on the TSE which, a…
Imperial finds diversification a mixed blessing
Like a good many companies with a broadly diversified asset base, Imperial Metals (TSE) has found that diversity is indeed a two edged sword. President Pierre Lebel told shareholders during the recent…
Editorial Research teamwork
Canada’s idea generators (our universities) are actively lobbying Canada’s cash generators (our industries) in search of the financial support needed to translate academic abstractions into practical …
Lindsley shaft Falconbridge’s first in Sudbury in past decade
Falconbridge Limited (TSE) recently collared what will eventually be a 4,500-ft exploration shaft at its Lindsley base/precious metals project in the Sudbury, Ont., region. The Toronto-based nickel pr…
For Sale sign not up at Westmin
The “For Sale” sign is not out at Westmin Resources (TSE) according to a senior executive with the company. But R.H. Ostrosser, executive vice president at Westmin, told The Northern Miner that Norand…
Atlanta Gold Drilling Increases Reserves
The 1988 drilling program has significantly increased proven reserves on the Atlanta project in Idaho, says Atlanta Gold Corp. (VSE), which is curmine. The company can acquire 100% control (subject to…
Investment Comment QPX has Placer Dome’s backing
Finding a listed company that offers a combination of potential for capital gains associated with penny mining stocks and blue-chip credibility isn’t easy. Some might say it’s impossible. Other invest…