New gold occurrences discovered in Red Lake
In addition to examining former gold producers and developed prospects, much effort has been directed towards new and unexplored gold occurences. For example, St. Joe Canada and Nexus Resources have o…
News
Tamavack, Maple Leaf: good results
Follow-up drilling at the Fountain Lake gold property of International Maple Leaf Resource Corp. and Tamavack Resources west of Thunder Bay, Ont., has yielded some more impressive assay values. Partia…
Mine operating results at Bell Cr pick up, Pamorex
The exploration and development arm of the Pamour Group of companies, Pamorex Minerals, reports a net loss of $309,000, or 2 cents per share, in the third quarter ended Dec 31. Chairman Clifford Frame…
Montreal Exchange Amalgamation plan
News that two Hughes-Lang companies active in northwestern Quebec, the producing D’Or Val Mines and the soon-to-be-producing Perron Gold Mines, are planning to merge brought differing results. D’Or Va…
HSK Minerals get foothold in a thriving Mishibishu area
Toronto-based HSK Minerals says it has gained a significant foothold in the thriving Mishibishu Lake area near Wawa, Ont., by acquiring a 100% working interest 52-claim mineral property. HSK says the …
News inBrief (March 07, 1988)
Rio Algom has acquired control of the East Kemptville tin mine near Yarmouth, N.S. The mine was originally brought into production by Rio in late 1985 at a cost of $142.5 million. Rio operated the min…
June decision a possibility at Lenora’s Golden Harker bet
The Golden Harker gold property located north of here has Lenora Explorations excited, so much so that President Robert Kasner is hoping to make a production decision by June of this year, The Norther…
Jascan, Atlantic get $40 million for Noxon share
Half a year ago Jascan Resources and Atlantic Goldfields each invested $3.5 million in order to earn a 45% interest in the Noxon silver-copper deposit in Montana (N.M., Feb 8/88). Now they’ve reached …
Queenstake and Childs drill Argus gold bet
A $300,000 (US) drill program is planned on Queenstake Resources’ Argus gold project near Bakersfield, Calif. About 12,000 ft of drilling will be carried out in 1988 with the goal of bringing the Dave…
Brunswick posts profit in 1987
Net earnings in 1987, before unusual items, of $11.8 million were recorded by Brunswick Mining and Smelting compared to a loss last year of $6.9 million. After unusual items, earnings in 1987 totalled…
Toronto Stock Exchange Renewed confidence moves index over 3,200
The leg of a rally appears to be developing, as equity markets enjoyed one of there best weeks in months. The prospect that interest rates are set to slide lower is a catalyst. Also, the combination o…
Metal Prices FREE MARKET (March 07, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 1 Feb. 29 Feb. 26 Feb. 25 Feb. 24 Copper 1220-1222 1175-1180 1205-1210 1261-1263 124…