Junior mining policy released for comment
The Ontario Securities Commission has released its new junior mine financing policy for public comment until July 30. It is expected that the policy will become official by September. The policy is ba…
News
Vancouver Stock Exchange Weak gold prices affect market
Although trading activity here is still quite respectable, the price volatility seen in recent months has almost disappeared. Weaker gold prices were a major factor in the market retreat but they have…
Osborne & Chappel gets funding for big gold dredging project
Bermuda based Osborne & Chappel Goldfields, the shares of which are listed on the tse, has obtained a major financial participation from the International Finance Corp. (an affiliate of the World Bank…
Magino results continue pleasing
A $7-million surface and underground exploration program at the Magino joint-venture project in the Goudreau area of northern Ontario continues to obtain encouraging results, J. T. Flanagan, president…
Hemisphere, Bow Valley drill Courageous Lake property
Drilling is under way on Hemisphere Development Corp.’s property in the Courageous Lake area of the N.W.T. An $800,000 surface exploration program will include 20,000 ft of diamond drilling. The Hemis…
Montreal Exchange Cogesco among movers
A lacklustre week on the Montreal Exchange this week exhibited little of the activity in resource issues which has characterized trading the past months. Market activity in general was moderate. Tradi…
Editorial Turning back the clock for risk takers
NOW YOU SEE IT — NOW YOU DON’T] Just what gives with that flip-flop on capital gains taxation as now proposed by Finance Minister Michael Wilson in his recent White Paper on tax reform? Wasn’t he on…
Metal Prices PRODUCER PRICES (July 06, 1987)
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (June 11, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.35-$3.45 per lb. (June 4, 1987). CA…
Fort Knox is encouraged by Inco drill results
Fort Knox Gold Resources says encouraging results have been received from drilling by Inco Ltd. on the Crow Lake property, southeast of Kenora, Ont. Inco drilled a total of 2,845 m in 16 holes on the …
Welcome explores Trout gold property
A large quartz breccia zone has been outlined on Welcome North Mines’ Trout gold property near Vanderhoof, B.C. The company says a comprehensive exploration program is under way to determine the heap …
Getty to explore Nevada property
Vancouver-based Getchell Resources has granted Getty Resources the option to earn an interest in an epithermal precious metal deposit in Humboldt Cty., Nev. Under the agreement Getty can obtain a 50% …
Inco charged in connection with Levack mine deaths
Charges have been laid against Inco and two Inco foremen in connection with an April 14 accident that killed four miners at the company’s Levack nickel mine in Sudbury. Inco has been charged under Ont…