News

Progress is reported by United Reef Petroleums on four gold projects, three in Ontario, one in Montana. On its Alder Gulch project in Montana’s Virginia City area, the company says 23 trenches have be…

Central Crude of Toronto has released results of preliminary work at the company’s 118-claim Eagle River project in the Mishibishu Lake area, 40 miles southeast of Hemlo, Ont. The claims were optioned…

With panic-selling sweeping world markets this week, investors on the Montreal Exchange could hardly be expected to react differently. Down almost 168 pt (9.5%) on “black Monday” and 99.2 pt (6.2%) th…

An agreement has been signed by J.A.G. Mines and Halex Resources under which Halex may acquire up to 60% of the former’s Belleterre property in northwestern Quebec by spending not less than $3 million…

Ekaton Industries reports it has raised $2,040,000 through sale of 1.2 million shares of Ekaton, at $1.70 per share, to Tap Mineral Management. Ekaton says the funds will be expended on the company’s …

Minerals Handbook 1986-87, compiled by Phillip Crowson, Economic Adviser, Rio Tinto Zinc Corp. Statistics and Analysis of the World’s Mineral Industries. 300 pages, hardcover. ISBN 0-935859-00-4, $90…

In our Oct 5 edition, it was reported that Fleck Resources can earn a 55% interest in Coventry Ventures’ Bedivere Lake platinum poject near Thunder Bay, by spending $1 million on exploration before Oc…

Two separate property deals in northwestern Quebec have been struck involving Mazarin Inc. and Dufresnoy Inc. In the first deal, Mazarin has acquired an option to purchase a 50% interest in Teck Corp….

While a drop in gold bullion prices has forced Canadian gold issues to swallow some temporary losses, Alberta investors appear to be betting on the price of silver. That appears to explain why Jascan …

Work on the Barraute property in northwestern Quebec is to resume, Barexor Minerals reports. The Hughes-Lang group, project operator, through Arbor Resources and Kangeld Resources, plans a $4-million …

The sinking of a 3-compartment, 2,500-ft shaft for an advanced stage of exploration and development of the Francoeur property near Rouyn-Noranda, Que., has been announced by Rouyn Mining Resources. Th…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. 86.25 86.25 85.70 + 2.60 Dec. 86.15 84.50 85.25 + 2.25 Mar. …