News

Conquest Yellowknife Resources is coming up with some lively intersections in current drilling on its Leeson Twp. gold property in the Missanabie area. Significantly, these lie within what is known as…

Geologists of Orbite Exploration in Quebec are confident assay results from the first drill holes on gold property in Privat and Launay Twps., between LaSarre and Amos in northwestern Quebec, will con…

Twenty-six short holes, representing 3,935 ft, on five gold showings were drilled this past summer by Mazarin Inc. and Vior Inc. at their Scheffergold property located near Schefferville, Que. Among t…

Alberta-listed Penway Explorers is currently negotiating a flow- through financing agreement to raise $1 million for exploration at its Labrador Trough property near Schefferville, Que. The Toronto co…

A total of 25,275 ft of drilling has been completed on three of the 11 properties held by Golden Range Resources under an agreement with Mingold Resources, Golden Range reports. At the Manson Bay prop…

Findore Minerals has optioned five patented claims from Newfield Mines. Located in Garrison Twp., near Matheson, Ont., the claims can be acquired by Findore after the company makes payments of $250,00…

Ranchmen’s Resources has declared a quarterly dividend of 12.5 cents on its class A shares payable Dec 29 to shareholders of record Dec 14. The last quarterly dividend of 12.5 cents was last paid Jan…

An agreement has been worked out between Toronto-based International Corona Resources and Prime Capital Corp. of Vancouver whereby Corona will acquire an approximate one-third interest in the latter. …

Metal miners are constantly looking over their shoulders for the men (or women) who may come up with still another substitute for metals in the world’s markets. Their apprehension is not without reaso…

The platinum market is in fundamental oversupply and is set to stay that way, Shearson Lehman Brothers reports in its Annual Review of the World Platinum Industry 1987. Although demand for industrial,…

Diversification has always paid off well for Teck Corp. and the sharply higher profits show 1987 to be no exception. Gold takes the front seat this year, boosting net earnings to $33.6 million on reve…

When Canadian Pacific Enterprises sold its control position in Cominco Ltd. to a consortium headed by Teck Corp., employees of both mining companies greeted the news with considerable apprehension. “W…