EDITORIAL Study of the sun, deep in a mine
Inco Ltd. is doing some mine development work from which it will never make a cent. And it doesn’t expect to. Purely in the interests of science, the giant nickel company is enlarging and preparing …
News
NovaGold cuts wide zone in U.S.
Toronto-listed NovaGold Resources reports intersecting 11.9 ft of gold mineralization grading 0.407 oz gold per ton on the Summit property in New Mexico. The intersection was part of a larger 91.9-ft …
Rio beefing up exploration role
Backed by the financial muscle of its England-based parent company, Rio Algom Ltd. (TSE) of Toronto is back in the exploration business. While company executives have declined to be specific about Rio…
McChip Resources close to earning property interest
Shareholders of McChip Resources (TSE) were told at the recent annual meeting the company is close to acquiring its 50% interest in 72 claims located east of Timmins, Ont., in Stock, Macklem and Germa…
New zinc reserves released at Noble Peak’s Crypto bet
With over $5 million in its treasury, Noble Peak Resources (ASE) says it is making progress with a number of exploration programs in the Northwest Territories. Due to a revision of the flow- through f…
Toronto Stock Exchange (June 27, 1988)
A rush by investors to catch a piece of the summer rally added another 27.02 pts to the composite index today, pushing it to a new post-October 19th high. For the week, the index has gained more than …
EDITORIAL Ontario has to move on its Mining Act
Anyone involved in mining in Ontario may owe Charles Stuart a vote of thanks. Stuart is the man who has re-staked the mining claims at Hemlo, Ont., on which the Golden Giant gold mines is built. Stu…
Tundra completes reserve calculation
A reserve calculation has been completed by Tundra Gold Mines (VSE) for a portion of the Lamaque exploration lands near Val d’Or, Que. The property is shared equally between Teck Corp (TSE) and Tundra…
Metal Prices FUTURES PRICES (June 27, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun 111.50 111.50 111.45 + 2.95 Jul 109.50 104.00 …
Montreal Exchange Gold loan for junior
One of the various means of raising money for exploration and development that seems to be growing in popularity is the gold loan. Recent news out of Quebec is that a junior, Nova-Cogesco Resources, h…
Consolidated Professor needs $47 million to bu ild gold mine
A positive feasibility study has been received by Consolidated Professor Mines (TSE) for the company’s 100%-owned Duport gold project. Completed by the consulting firm of Wright Engineers, the report …
Alberta Stock Exchange Dispute lifts Baslen
A controversial ownership dispute over a group of mining claims in the Hemlo, Ont., gold belt has made International Baslen one of the hottest issues in Alberta during recent trading sessions. The fac…