No bull market for gold in `88: Shearson
Although the worst is over for the gold price after the metal’s recent plunge to the $420-$430(US)- per-oz-range, there is no likelihood of a sustained bull market during the remainder of 1988, Shears…
News
Skukum Creek to be developed by Omni and Skukum Ventures
A joint venture agreement between Omni Resources and Skukum Ventures will hasten development of the Skukum Creek gold property located in the Wheaton River area of southern Yukon. To earn a 40% intere…
Valentine, Tenquille to develop Ashlu bet
Two Vancouver companies, Valentine Gold and Tenquille Resources, have agreed on a joint venture to finance development of the Ashlu gold property near Squamish, B.C. To earn a 50% interest, Valentine …
Falconbridge considers shaft for Craig orebody
By the end of 1988, Falconbridge Ltd. will know whether or not copper/nickel ore reserves in the Craig orebody, north of Sudbury, will be sufficient to justify driving a new shaft to provide a means o…
Proteus gold discovery
Drilling by Proteus Resources, an affiliate of Silverside Resources, has intersected a new mineralized zone on the company’s Garrison property. Located in Garrison Twp., Ont., the property is subject …
Computer conference shows Canadians’ lead
It’s called the first Canadian Conference on Computer Applications in the Mineral Industry, but it’s actually an international first. And, according to one of the organizers, the event shows that Cana…
PDAC’s convention sets attendance record
The annual convention of the Prospectors and Developers Association of Canada (pdac) just keeps on growing. This year’s edition at Toronto’s Royal York Hotel drew more than 4,000 delegates (surpassing…
Toronto Stock Exchange Market rally marked by abating recession
An eight-day rally has added another 95 pts to the tse composite index which moved past the 3,300-pt mark to 3,334.09 pts today. Just two months ago, the market had built a solid base at 3,000 pts whi…
COATS Trading Features (March 14, 1988)
A new issue, Transgold Resources chalked up the best gains this week, trading to a high of $1.05 before slipping back to 95 cents -$1. Volume was 272,000 shares for the week. The company, which came o…
Beaufield/Falco hit intersections at Lac Rouleau
Falconbridge Inc. has drilled several more mineralized intersections on the Lac Rouleau property, held under option by Beaufield Resources. The Lac Rouleau property is located in northern Quebec. The …
Production increases 11% at Audrey’s Mobrun
With production from the underground section of its 70%-owned Mobrun polymetallic mine well underway, Audrey Resources has completed its second quarter as an operating mining company. Production at th…
Minnova reports drop in income
Net income of $3.3 million (24 cents per share) was recorded by Minnova Inc. of Toronto in 1987 compared with $4.65 million (35 cents per share) the year before. The company says metal production and…