Neptune funding for Colomac bet
Neptune Resources reports it has an agency agreement with Wood Gundy for the private placement of 500,000 common shares from treasury at a per-share price of $5.625, for an aggregate price of $2,812,5…
News
Forbex, Brex in option deal
An agreement has been entered into between Forbex Mining Resources and Brex Exploration whereby the latter may acquire up to a 50% interest in the Lake Fortune West property in Dasserat Twp. in northw…
Vancouver Stock Exchange Trading active on west coast
Resource issues, benefiting from gold prices pushed higher by fears of inflation and the uncertainty of events in the Persian Gulf, continue to fuel active trading on the Vancouver market. MacMillan E…
Gold stocks in for period of volatility, analyst says
Troubled times do funny things to precious metals prices and major currencies. The price of gold, hovering in the $440-$450(US) range only a few weeks ago, crept up to the $470-$480 level this week be…
Lac offering
Lac Minerals has filed a final short form prospectus with the Ontario Securities Commission and regulatory authorities across Canada, in respect of an offering to the public of common shares. The offe…
News in Brief (August 10, 1987)
Island Canyon Mines has changed its name to Access Technology Inc. (AEI:VSE) on a share-for-share basis.
Year end start at Puffy
The town of Sherridon, Man., will get a major boost this year when Pioneer Metals Corp’s Puffy Lake mine, 20 km south of the town goes into production in December. Construction of the mine is well und…
Platinum results for Prophet Res.
Platinum values have been assayed by Prophet Resources from the company’s Brady property near Sudbury, Ont. Located in Parkin Twp., the property has been the site of surface stripping and channel samp…
Newfields reserves for Teck-Hughes
A geological reserve of 100,000 tons grading 0.25 oz gold per ton has been calculated for Newfields Minerals’ Teck-Hughes property. Located near Kirkland Lake, Ont., the Teck-Hughes property is believ…
Metal Snips (August 10, 1987)
The Australian Nugget gold bullion coin achieved worldwide sales of 246,038 oz comprising 570,416 coins less than three months after it went on sale this year. The sales were almost double the origina…
Exploration work for Radcliffe
Radcliffe Resources says exploration is progressing on the company’s Bam gold prospect, in northwestern B.C. Radcliffe’s property is located approximately 100 miles north of Stewart, B.C. and is appro…
Kerr Addison reports small loss during half
Kerr Addison Mines has reported that high mineral exploration and interest costs contributed to a small loss from operations during the first half of 1987. The company reported net income of $17.3 mil…