Montreal Exchange: Wrightbar climbs 13%
Wednesday close, Oct 29 Drilling results from its Bourlamaque property pushed Wrightbar Mines up 20 cents on the week as it traded 189,000 shares and closed at $1.70. The results came from holes pu…
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Adit progressing on Skyline B.C. bet
The crosscut adit is continuing south through the Cloutier zone and has proceeded a total length of 740 ft from the portal on Skyline Explorations’ 100%-owned Reg claim group in the Iskut River area o…
Kidd Creek, ferronickel aid Falconbridge profit
After two quarters of losses, Falconbridge Ltd. reports earnings, before extraordinary items, of $5.6 million, or 9 cents a share for the three months ended Sept 30. The figure compares with earnings…
Steel markets shifting East
By the year 2000, four of the world’s 10 largest steel markets will be outside the OECD compared to seven out of 10 in 1973, according to a long-term steel forecast put out by Chase Econometrics, a su…
Dolly Varden to drill Kitsault bet
A 20,000-ft diamond drill program is planned for the Kitsault River property of Dolly Varden Minerals to test a recently outlined north-west-trending gold zone. An exploration program recently complet…
Ore reserve course
Ecole Polytechnique of Montreal is presenting a 5-day course on Geostatistical Ore Reserve Estimation from March 16 to 20, 1987. The instructor is Dr Michel David. The course is meant for geologists, …
Tax Angles: Deduction restrictions not applicable
A basic ingredient of any tax shelter arrangement is the acceleration of the realization of tax deductions and credits by the introduction of taxable investors into those situations where such deducti…
Inco’s productivity gains hurt by poor inckel price
Sometimes it seems that Inco Limited just can’t do anything right. After four years of brilliant technological innovation and painful cuts to its employee roster, the world’s largest nickel producer h…
HSK Minerals listed on TSE
Shares of HSK Minerals were posted for trading on the Toronto Stock Exchange for the first time on Oct 28. Formerly Homestake Exploration, the company changed its name by a recent certificate of amend…
New World Gold Council gains Intergold facilities
The newly-formed World Gold Council has reached an agreement in principle to take over Intergold’s existing offices and staff in 10 countries in Europe, the Far East and North America. Intergold (a co…
Ontex/Abcourt deal on Quebec property
A joint venture agreement has been completed between Ontex Resources and Mines Abcourt, giving the latter company the right to earn a 50% interest in a gold property. Located in Barraute Twp., Que., t…
U.S. silver usage declines during second quarter
An 8.6% drop in the use of silver for photographic material, the metal’s largest user category, resulted in an over-all drop of 1.3 million oz in the U.S. during 1986’s second quarter says the Silver …