Gordex acquires gold property in Nova Scotia
Making its first venture outside New Brunswick, Gordex Minerals has acquired a gold property 60 mi southwest of Halifax, N.S. Gordex, New Brunswick’s first primary producing gold company, will spend $…
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Kilo Gold funding for B.C. project work
Diamond drilling totalling about 3,000 ft will begin early next month on the Skylark-Ranger claim area of its Kilo property near Slocan, B.C., reports Kilo Gold Mines. The company says it will raise u…
Vancouver Stock Exchange New discovery adds some sparkle
There’s nothing quite like a new discovery to add some sparkle to a market — especially one that’s so close to home. The big news this week of course is the Minnova/Rea Gold find north of Kamloops, B…
Quebec Cobalt, Arrowhead merger
The amalgamation of Quebec Cobalt & Exploration with Arrowhead Gold Mines has been approved by the shareholders of both companies, Quebec Cobalt President Richard Evarts said recently. The new company…
Queries Parvus making noises again
I hold shares of Parvus Mines, which seems to have almost disappeared from the scene since the late-1970s. Now I hear there is a private placement of flow-through shares; also, it has reappeared on co…
METAL MARKETS Japan relying on more steel imports
With its steelmakers having cut production, Japan will start relying more on steel imports than exports, and developing nations such as Brazil and Korea will be expanding their steel capacity steadily…
Breakwater offering
Breakwater Resources of Vancouver has given a Swiss bank the mandate to offer for sale in Europe 35 million Swiss francs (approximately $31 million) as the principal amount of convertible Eurobonds. T…
Thorco acquires an interest in S. African mine
Thorco Resources reports it has acquired 100% of the issued share capital and warrants of Centurion Exploration and Mining, a U.K.- -based mining company with a 60% controlling interest in a South Afr…
Gold production planned by Rouyn Mining in ’88
The Francoeur property of Rouyn Mining Resources could be in production as early as next March pending receipt of a positive feasibility study, President Jean-Guy Rivard told a group of investors in T…
Polymetallic discovery in B.C. fires industry’s imagination
At long last polymetallics are getting some respect — even if the primary metal credit is silver. Indeed, the massive sulphide discovery by Minnova Inc. (N.M.June 8, 1987) on the Adams Lake property …
PDA field trip in New Brunswick
The New Brunswick Prospectors and Developers Association plans a field trip June 19 and 20 to gold and tin discoveries and gold-bearing alteration zones in the Saint George Batholith area of the provi…
VSE revenue at all-time high
The fiscal year ended March 31 was the best ever for the Vancouver Stock Exchange. Describing the $6.7-million “excess of revenue over expense” as an all- time high, Chairman G. Fabbro attributed the …