Sunmist to drill Cobalt area bet
Sunmist Energy ’86 Inc. reports it will carry out a diamond drill program on its newly-acquired Keeley- Frontier property in South Lorrain Twp., near Cobalt, Ont. Sunmist says it purchased the propert…
News
Vancouver Stock Exchange Neutral mood prevails
The overall market trend in Vancouver is decidedly neutral. Sharp losses in New York and Toronto were not duplicated here, probably because Vancouver is so heavily gold oriented. And the yellow metal …
Delbridge find visible gold at DeSantis bet
Robert Onotsky, president of coats-listed Delbridge Mines is quite enthused and excited over sightings of visible gold on the company’s DeSantis property in Turnbull Twp., near Timmins, Ont. In a phon…
Campbell Res. expands Cedar Bay gold mine
Gold production is to be expanded at the Cedar Bay mine in Chibougamau, Que. The 29-year-old gold-copper producer is to be deepened 1,000 ft to a working depth of 3,200 ft. Consequently, an additional…
Citadel discovers new zone
A new ore zone has been discovered by Citadel Gold Mines at its property near Wawa, Ont. The zone occurs to the south of the existing Jubilee orebody, according to R. Campbell Todd, chairman. Estimati…
Dejour busy with several projects
Dejour Mines is involved with three diamond drilling projects. At Poirer, Que., Battle Mountain Gold is spending $500,000 of a $2-million program designed to test several gold targets on the property….
Broker retiring after 60 years
One of the pillars of the Bay Street investment community over a 60-year span — and always strongly mining oriented — Samuel Gordon Sharpe is retiring at age 83. Born in Winnipeg where he attended b…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (September 28, 1987)
Sept. 22 Sept. 21 Sept. 18 Sept. 17 Sept. 16 ** Gold London Bullion Dealers afternoon (morning) $US per oz. ** 461.55(463.15) 459.10(458.85) 461.70(461.35) 460.50(458.80) 458.40(458.50) **…
COATS Trading Features (September 28, 1987)
Most issues on the coats system were easier this week despite a period of stable gold prices. Goldteck Mines bucked the downtrend trading to a new high of $2.80-$3. The issue will be listed on the tse…
EDITORIAL Exploration the foundation of mining
When you’re the best at what you do, the world comes knocking. Such is the case with Exploration ’87 which is being held in Toronto this week. Also known as the Third Decennial International Conferenc…
Eureka review funding alternatives
A number of funding alternatives are being reviewed by Eureka Resources to complete a previously scheduled work program on its Frasergold property 60 miles east of Williams Lake, B.C. Jack O’Neill, pr…
Greenstrike, Petromet to expand program
A third diamond drill is now drilling on the Fifteen Mile Stream gold property of Pan East Resources in Nova Scotia, where Greenstrike Gold Corp. and Petromet Resources report they have expanded their…