Flow-through isn’t through yet
Finance Minister Michael Wilson’s white paper on tax reform retains the concept of flow-through share financing for mineral exploration, but in a less generous form. Under current flow-through rules, …
News
Vancouver Stock Exchange Return to stability after plummet
The Vancouver market has finally stabilized after plummeting over 70 points early in the week. Heavily biased towards precious metals, it reacted negatively to weaker gold prices which resulted from a…
Toronto Stock Exchange June Trading tests nerve of gold investors
The month of June has been a stormy time indeed for precious metal investors who have been forced to endure a punishing test of the $440 (US) per oz price level. During the week, bullion prices plumme…
Newfields sees cash-flow start by late 1987
Chelsea Resources, a company associated with Newfields Minerals, is looking at a production startup date of July 1988 on its 55%-owned Spotted Horse gold mine in Montana, a former producer active in t…
Joutel plans big effort at Stewart
More than $1 million will be spent by Joutel Resources and partners on exploration this year, Joutel shareholders heard at the annual meeting. A major effort will be made at the company’s property nea…
Noranda to produce from Isle Dieu mine in July ’88
Production from the rich Isle Dieu zinc deposit near Matagami, Que., is scheduled to begin by July, 1988. Discovered in late 1985 by Noranda Exploration, the Isle Dieu deposit hosts reserves of 2,064,…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 29, 1987)
June 23 June 22 June 19 June 18 June 17 Gold London Bullion Dealers afternoon (morning) $US per oz. 440.20(448.10) 438.00(443.60) 449.00(452.25) 452.20(451.10) 451.25(448.25) Gold Bank of Nova Scotia…
Royex’s remarkable growth guided by Goodman’s hand
The rapid growth and successful transformation of Royex Gold Mining Corp into a major mining investment house over the past three and a half years has been nothing short of remarkable. However the ver…
Lac denies rumor
Ian Hamilton, senior vice-president and general counsel for Lac Minerals says there is no truth to a suggestion that Lac has an interest in Scintilore Explorations. A street rumor reported in the stoc…
Cove Energy, encouraged by results of a preliminary examination
sampling of the former gold-producing Alpine mine property near Nelson, B.C., plans a detailed sampling of the underground workings as well as along an indicated extension for about one mile of the ve…
Canadian postal dispute (June 22, 1987)
There will be disruptions in mail service because of rotating strikes at the post office. We will continue to publish weekly and will deliver The Northern Miner where conditions permit. Subscribers in…
Pundata releases assay results
Incomplete assay results from nonselective sampling from a grid along 2.5 mi of the ironside fault trend on the Midas Ax claims located 3 mi west of Goodsprings, Clark Cty., Nev., have been reported b…