Husky and SMDC to go underground
Equal partners Saskatchewan Mining Development Corp. and Husky Oil are planning an underground exploration program on their Laurel Lake gold property at Amisk Lake, Sask. Pending the results of the un…
News
Lacana, Exador find new gold zone at Acad’or bet
A significant zone of gold mineralization has been located on the Acad’or gold-silver property in northern New Brunswick, near Bathurst, joint venture partners Lacana Mining and Exador Resources repor…
Vauquelin increases West block reserves
Probable reserves of 140,000 tons grading 0.18 oz gold per ton and possible reserves of 260,000 tons grading 0.19 oz have been reported by Vauquelin Mines from the West block of the company’s prope…
Sphinx funding
Agreements with two partnerships has netted Sphinx Exploration of Val d’Or, Que., $600,000 in exploration funding, the company reports. Financing of $300,000 was obtained from each of cmp Limited Reso…
Overseas Platinum gets Ecuador gold property
Joint venture partners Overseas Platinum and Wright Engineers have acquired the Las Playas gold-platinum placer prospect in Ecuador. The property was purchased for 100,000 shares and a commitment to s…
Metal Prices FUTURES PRICES (February 15, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 102.00 99.50 102.00 + 3.50 Mar 98.40 95…
Camreco attempts to expand Goldlund bet gold reserves
Toronto-based Camreco Inc. finds itself in an enviable position at its northwestern Ontario gold claims located between Dryden and Sioux Lookout. With a brand new 400-ton-per- day mill and a 3-compart…
Canhorn sells Citadel
The sale of 1.6 million common shares of Citadel Gold Mines has been completed by Canhorn Mining Corp. The shares were sold for $2.8 million cash and a 1-year note for $1.18 million to a group of priv…
Metal Prices FREE MARKET (February 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1319-1320 1299-1302 1360-1365 1322 -1325 1257-1258 Lead …
Alberta Stock Exchange Pelham is higher
A planned resumption of gold production at the Louanna mine near Nakina Ont, made Pelham Gold a popular issue in an otherwise low key trading session. In a joint venture with Vancouver- based Cumo Res…
COATS Trading Features (February 15, 1988)
Findore Minerals has optioned several well-located claims in Garrison Twp., Ont., to Vancouver-listed Morgain Minerals and Orcana Resources. Findore traded at 35 cents . The Findore ground covers the …
Teck earnings up from last quarter
Teck Corp. has net earnings for the quarter ended Dec 31, of $17.2 million compared to $6.5 million a year earlier. After deducting preferred share dividends, net earnings were 42 cents per share, up…