Asamera Minerals shows profit
The new mining arm of Asamera Inc., Asamera Minerals reports net profits from the start of operations on July 1 to Sept 30, of $1.1 million(US) on revenues of $6 million. Pro-forma results (which assu…
News
Dolphin financing
A private placement has been arranged between Dolphin Explorations of Vancouver and cmp 1987 Resource Partnership and Co., Limited II, whereby Dolphin will receive $1 million in exploration financing …
Dividend Briefs (December 14, 1987)
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…
People (December 14, 1987)
Interstrat Tesources inc. — James M. Carter appointed president and chief executive officer succeeding Ted Everett.
Bresea listed on ME
Calgary-based Bresea Resources was recently listed on the Montreal Exchange (symbol bsr). Bresea, incorporated in the province of Alberta in 1980, reports it is carrying out exploration programs on pr…
Flint Rock gets funds
A flow-through financing is being completed by Flint Rock Mines which will fund a drill program on the company’s 12-claim property at Shabu Lake. Located 43 miles east of Red Lake, Ont., the property …
Dickenson acquires more Wharf shares (December 14, 1987)
Toronto-based Dickenson Mines continues to purchase shares in Wharf Resources of Calgary; a recent additional acquisition of 1,415,000 shares raised its holding in the latter to about 26.5%. Wharf ope…
Kaaba/Alawas start heap leaching test
Construction of the first leaching pad at the Picacho gold project of joint venture partners Kaaba Resources and Alawas Gold in Imperial Cty., Calif., is progressing on schedule. The leaching pad and …
Platinova/Cominco in south Alaska venture
Partners Platinova Resources and Cominco American Inc. have identified a number of gold-copper-silver mineralization centres in a new south central Alaskan gold district, Platinova said recently. With…
Metal Prices FREE MARKET (December 14, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 8 Dec. 7 Dec. 4 Dec. 3 Dec. 2 Copper 1490-1493 1440-1445 N/A 1475-1480 1490-1500 Lead …
Western Canadian excited by results
More than $1.5 million of a $1.75-million exploration budget this year was spent by Western Canadian Mining on its Kerr and Goosan properties in northwestern B.C., and results have been exciting. High…
Tungco drills narrow zones at Iskut Waratah property
Drilling by Tungco Resources Corp. on the company’s Waratah project has returned encouraging gold assays over narrow widths. Located in the Iskut River area of B.C., the Waratah property covers more t…