Acadia sees increases in N.S. gold bet tonnage
The gold-bearing structure on the Mooseland property, 75 miles northeast of Halifax, N.S. has been extended and the potential for extending it even further is still very great. Drilling by Toronto-lis…
News
B.C. mining generates loss for fifth consecutive year
Although the situation has improved this year, British Columbia recorded its fifth consecutive year of losses in 1986, a Price Waterhouse report concludes. The survey of 30 separate mining companies, …
Investment Comment Falconbridge among lasting values
As the world’s stock markets continue to suffer the aftershocks of the infamous Black Monday, a number of major brokerage houses have published glossy booklets advising investors to keep on buying. “D…
La Fosse has spent $5 million to date on PGM exploration
La Fosse Platinum Group, a company set up specifically to look for platinum group metals in the Labrador trough area near Schefferville, Que., in its first quarterly report says it has completed $5 mi…
Golden Rule gets interest in La Ronge gold prospect
Golden Rule Resources has a 30% interest in a major new gold discovery located on two contiguous joint venture properties in the La Ronge area of Saskatchewan. During the last month, an initial 5,000-…
No red ink likely on ’87 balance sheet of Eldorado
Saskatchewan uranium producer Eldorado Nuclear could break even for the full year, in sharp contrast with a net loss last year of $64.4 million. For the nine months ended September 30, the company, 10…
Esso results encouraging at Shasta gold prospect
Joint venture partners Esso Minerals Canada and International Shasta Resources report encouraging results from Esso’s l987 exploration work at the Toodoggone gold-silver prospect in northern British C…
Teck and San Paulo to jointventure at Leitch mine
Alberta-listed San Paulo Explorations has announced a $1 million financing through a private placement of 550,000 common shares at approximately $1.82 per share. “These funds will be used for general …
Metal Prices FUTURES PRICES (November 16, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. 102.10 102.10 105.20 + 16.60 Dec. 102.50 94.50 102.40 + 16.8…
Financing for Glen Auden
Glen Auden Resources has reached agreement for a $250,000 flow- through financing which will enable the company to carry out an expanded drilling program on its Detour, La Peltrie properties in Ontari…
News in Brief (November 16, 1987)
Cal-Denver Resources has changed its name to Carson Gold Corp. on a basis of one new for two old shares.
Letters to the Editor Westmin decries error in Nexus story
In reference to your article on the Nexus Group (N.M., Oct 26/87), you have made a critical error. You refer to the “… Nexus/Angle Debbie property… ” and in the next paragraph state that Westmin…