Faraway and Equity renew B.C. drilling
A drill program has started on the Sam silver property held by Faraway Gold Mines. The program will follow up results from two mineralized zones which yielded strong silver assays in previous drill pr…
News
News in Brief (November 02, 1987)
Colony Pacific Explorations has changed its transfer agent to Guaranty Trust Co. of Canada.
Hemlo into higher grade ore
Higher grades of ore are being mined in the Hemlo area of northern Ontario, the three gold-producing mines there report. Hemlo Gold Mines’ Golden Giant mine is currently milling ore in the 0.41-oz-gol…
Falconbridge profit up on metals price gains
Higher metal prices gave Falconbridge Ltd. a third quarter 1987 net profit of $17 million, or 23 cents a share, the company reports. That’s close to three times the $6 million profit (9 cents a shar…
COATS Trading Features (November 02, 1987)
Tyranex Gold showed some spirit, trading to $1 in this week’s generally poor market. The company has optioned its gold property near Shiningtree, Ont., to Gunnar Gold and Mill City Resources, two tse-…
Police are still searching for gold mine bandits
At presstime for this issue, Ontario and Quebec provincial police were still searching for two armed men who over a week ago robbed the Virginiatown, Ont., gold mine of Golden Shield Resources of a go…
Central, Joutel reach agreement on Blue Quartz
Central Crude Resources has completed an agreement with Joutel Resources giving the former company the right to earn a 50% interest in Joutel’s Blue Quartz gold property. Located near Matheson, Ont., …
Deal gives Echo Bay 50.1% of Nuinsco
Shareholders of Nuinsco Resources have approved an agreement with Echo Bay Mines to proceed with the second stage of underground exploration on Nuinsco’s Cameron Lake property near Kenora in northwest…
Marker, Varna unite as Varna Gold Inc.
Calgary-based Marker Resources has merged with Varna Resources to form a new amalgamated corporation called Varna Gold Inc. The new company will hold working interests in approximately 400,000 net acr…
$35-million credit facility to finance Canamax projects
Toronto-based Canamax Resources has reached an agreement with National Westminster Bank of Canada to finance construction and development of Canamax’s three new gold mines. They include the company’s …
Investors everywhere bewildered as world markets continue in
..Nothing so gives the illusion of intelligence as personal association with large sums of money. John Kenneth Galbraith, Canadian economist With so much wealth erased during the past two weeks as …
Arbitration win for Teeshin Res.
Teeshin Resources has won an arbitration hearing which allows the company to become the operator of the Dome Mountain gold project in British Columbia. Teeshin will be replacing Canadian United Minera…