Westmin profit climbs on Lacana sale, oil gain
The sale earlier this year of the company’s holding in Lacana Mining Corp. was one of the major factors leading to a big improvement in earnings reported by Westmin Resources for the first six months….
News
Cominco releases first phase assays from Kinsley Mtn.
Cominco Resources has received some encouraging drill results from its 60% owned Kinsley Mtn. gold property in eastern Nevada. U.S. Minerals Exploration Co. holds a 40% participating interest in the 5…
Vancouver Stock Exchange Encouraging results at Silbak bet
Profit-taking, the troubled U.S. dollar or whatever the reason, the Vancouver market appeared to follow the lead of other stock exchanges this week and pulled back. On the week, the vse index closed d…
News in Brief (August 24, 1987)
Strata Energy Corp. has changed its name to U.S. Platinum Inc. (upt:vse) on a share for share basis.
Till, rock sampling values encouraging
Both till and rock sampling have located a number of areas of anomalous high gold values on the Wolverine Pond — Trap Pond — Flatwater Pond assemblage of 1,647 claims in the Baie Verte area of Newfo…
NO HEADLINE (August 24, 1987)
TEXT: Cominco Resources International spent $1.9 million on various exploration projects during its first quarter of operation. Feasibility work was also in progress at three projects: Topaz berylliu…
Good drill hole at NAR-Palliser
Management of the North American Rare Metals — Dundee-Palliser joint venture Vezza gold project 25 km south of Matagami, Que., are highly encouraged with the findings in the latest hole in its 1987 s…
Some impressive results from Equinox PGM find
What probably represents one of the least promoted platinum group metal discoveries in the country has yielded some impressive results. Equinox Resources and Technigen Corp. have completed an extensiv…
Renabie ore reserves revised; underground work encouraging
Reserves at the end of July stood at more than one million tons at the Renabie Gold Mines’ property in northern Ontario, where significant gold values have been returned at the 3,930-ft level and a $3…
Low coal price deepens loss for Westar
Westar Mining had a 6-month loss of $3.5 million compared to $3.1 million for the same period in 1986. The company’s second quarter loss of $8.1 million was almost identical to the previous year’s. Ac…
Alberta Stock Exchange Record trading
A record breaking seven-month period, has witnessed volumes of 424,819,000 shares changing hands, the Alberta Stock Exchange has reported. That compares a record 369,367,000 shares during the same per…
News in Brief Silver Bar Mines
Silver Bar Mines of North Bay, Ont., is to begin underground exploration at its Lady Blue mine located south of Kirkland Lake. A former copper producer, the property’s mineralization contains gold, si…