Montreal Exchange Week of the plunge
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…
News
J.A.G. options Belleterre bet
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…
News in Brief (October 19, 1987)
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 …
Books (October 19, 1987)
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…
Correction Fleck Resources
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…
Mazarin, Dufresnoy conclude 2 deals
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….
Alberta Stock Exchange Jascan big draw
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 …
Barexor, Hughes-Lang set to resume work at Barraute property
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 …
Rouyn, Lac plan new shaft for Francoeur gold property
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…
Metal Prices FUTURES PRICES (October 19, 1987)
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. …
Joint venture for Valley View
Valley View Gold Mines (formerly Cornucopia Gold Mines) reports it has an agreement with East West Resources for a joint venture to develop the Clementine mine northwest of Phoenix, Ariz. Under the ag…
Correction (October 19, 1987)
A story concerning companies controlled by Murray Pezim, in our Oct 12 issue, mistakenly referred to an adit being driven on the Pacquet Harbour group of claims on the Baie Verte Peninsula, Nfld. The …