Investment Comment Three anaylsts look at Inco
The latest financials coming out of Inco Ltd. have clearly been hurt by the tumbling price of nickel. Though the company did manage to break even for the latest fiscal year ended Dec 31, it did so by …
News
Locator options Theresa property
Locator Resources has acquired an option to earn a 50% interest in the Theresa gold property near Geraldton, Ont. The 18-claim property was partially developed from 1948-1953 by three shafts to a dept…
SMDC and partners to drill Jojay bet
A $450,000 exploration program will be carried out on the Jojay joint venture project located north of La Ronge, Sask. Partners, the Saskatchewan Mining Development Corp. (51%), Claude Resources (34%)…
Gunnar options claims from Honcho, Baden
Gunnar Gold has optioned 30 claims controlled by Honcho Gold Mines and Baden Explorations. The claims are located in Orvilliers and Montgolfier twps., in the Casa Berardi area of northwestern Quebec. …
Beaver Dam mine will be very profitable, study says
If knowing exactly what the challenges will be to make a mining venture a profitable one is half the battle, then managers and shareholders of Seabright Resources Inc. are half way to bringing Nova Sc…
Reserves calculated at Augmitto play
A preliminary reserve calculation for the Parbec property concludes that the ground has possible drill- indicated reserves of 600,000 tons grading 0.19 oz gold per ton. The zone’s average width is 6.2…
Treminco finds visible gold at N.W.T. bet
Visible gold has been noted in drill core from Treminco Resources’ Gab property in the Northwest Territories. The company recently completed a 2,500-ft drill program in the A zone which followed a gen…
Zahavy, Getty start $7.8 million program
A $7.8 million 2-phase exploration program has started on Zahavy Mines’ and Getty Resources’ Favourable Lake gold property north of Red Lake, Ont. The work will include surface exploration of nine vei…
Vancouver Stock Exchange Nor-Con leads the pack in volume
Nor-Con Exploration was the volume leader over the report period with a turnover of 1,502,200 shares for a 4 cents gain to 11 cents . The company has a wollastonite property in California, and intere…
Alberta Stock Exchange Edaton makes gain
An industrial mineral producer, Ekaton Energy, outshone the gold issues by surging 50 cents to $1.65. The company, which operates a kaolin property near Wood Mountain, Sask., is also testing the prop…
Queries Nordore Mining is long gone
I would appreciate any information on Nordore Mining. Is the company associated with Nor-Quest Resources? M. R. Saskatoon, Sask. We spoke with Nor-Quest Resources secretary treasurer, Don Burchill, wh…
Nortek invetsing in mining properties
Nortek Minerals, a subsidiary of Nortek Energy, has acquired interests in several mineral projects. These include a property near Kirkland Lake, Ont., and a placer gold play in Ecuador, South America….