Montreal Exchange Sullivan active
Several upbeat trends conspired to once again give an impressive lift to trading on the Montreal Exchange, including rising commodity prices, especially in base metals, signals of rising profit pictur…
News
SMDC drops option on Share prospect
Share Mines and Oils says it has been advised by the Saskatchewan Mining and Development Corp. (smdc) that smdc is discontinuing exploration work on the Hamson Lake, Sask., base and precious metals pr…
Bay, Jilbey excited about Fontana mine potential
Drilling was recently completed on the Fontana property in Duverny Twp., near Amos, Que., Bay Resources and Services reports. Bay has a 75% interest in the property, with Jilbey Industries holding the…
MRI into black in current year
Mineral Resources International reports earnings of $3,581,000, or 23 cents a share for the year ended March 31, compared with a loss of $1,453,000 or 10 cents a share, in the previous year. Revenue …
Vancouver Stock Exchange Market ignores base metals prices
There’s really not too much excitment here at present. Stocks are generally trading within narrow ranges and firmer gold prices have generally been greeted with a big yawn. By presstime the VSE index …
Property undergoes feasibility study
A feasibility study on the former producing Lady Blue mine located south of Kirkland Lake, Ont., is being performed by Silver Bar Mines of North Bay, President R. A. Gilson reports. The Lady Blue mine…
Barrick selling Wilanour shares
The controlling shareholder of Wilanour Resources, American Barrick Resources, is selling its 67% in the company to Robert Fasken and an unnamed “major mining corporation.” Mr Fasken has interests in …
Balcor confirms reserves on Lynn Lake project
A previously known gold deposit near Lynn Lake, Man., has been confirmed and enhanced by Vancouver-based Balcor Resources in a major exploration program. The company started drilling the deposit in Fe…
Aruba gold exploration confirms 1872 reports
A mere six months after it obtained exclusive mining concessions to the Dutch Island of Aruba, located 15 miles off the coast of Venezuala, Monte Carlo Gold Mines has completed the first phase of a $2…
Geodome subsidiary awaits approval for gold project
A wholly-owned subsidiary of Geodome Resources is hoping to pour its first gold bar within a year at its Jordan Creek open pit project in Idaho. Sunbeam Mining reports it is planning to start plant co…
Small mines forum
The Society of Mining Engineers (American Institute of Mining, Metallurgical and Petroleum Engineers) is sponsoring a forum titled Small Mines Development in Precious Metals Aug 30-Sept 2 in Reno, Nev…
Belmoral completes financing of units
Belmoral Mines has completed the financing of 4.3 million units at $6.50 per unit with McLeod Young Weir International, the mining company reports. The financing raised an aggregate $27,950,000. The u…