News

Only judges know when Lac- Corona ruling may come

Whenever the stock value of International Corona Resources or Lac Minerals fluctuates these days, rumors start to fly that a court ruling is imminent on the two companies’ legal dispute. A decision by…


Queries From Norsemines to the Etruscans

Query: What is the latest information on Bathurst Norsemines? P. S., Toronto, Ont. Bathurst Norsemines changed its name to Etruscan Enterprises on Aug. 22, 1986. The company’s new name, explains Presi…


Magellan hits wide zone

Vancouver-listed Magellan Resources Corp. says it intersected 35 ft of 0.4-oz-gold-per-ton material in a hole put down below some old mine workings on a property in western Montana. The 36-claim South…


McChip gains option on Garrison ground

McChip Resources has obtained an option from Noranda Exploration giving McChip the right to earn up to 50% of Noranda’s interest in a property in northeastern Ontario’s Garrison Twp., north of Kirklan…


Metals Report Gold starts ’87 with bang

That oppressive U.S. trade deficit just won’t go away. On a downtrend since August, it seemed like the deficit was slowly coming under control. Then November’s deficit was announced — $19.2 billion, …


Belmoral looking for buyer to take control position

Within five months Belmoral Mines hopes to find a buyer willing to spend about $24.9 million for two blocks of shares that, combined, represent up to 27.4% of the company’s equity. In a twist on the W…



Budget fears fuel frenzy for flow-through shares

“A feeding frenzy” is about the only way to describe it, William F. White, senior vice-president of corporate finance at Merrill Lynch Canada says of the public’s rush for the new issue of flow-throug…


D’Or Val cuts new vein on Beacon gold property LD

A 20 ft section of gold quartz mineralization has been pulled by D’Or Val Mines in the Discovery vein at its Beacon mine just east of Val d’Or, Que. The vein material in this diamond drill hole, No. 1…


Alberta Stock Exchange Golds spur volumes

Volumes, fuelled by a gold price which sailed past $417(US) per oz, returned to the Alberta Stock Exchange this week. One of the week’s best gainers was Citadel Gold Mines, which advanced more than a …


Search for King Sol’s mine

Some people dream of waking one morning to find a million dollars on their doorstep. Others buy expensive advice on how to pick lottery numbers. And yet others, a little more daring and, needless to s…


TSE Short Positions (January 19, 1987)

The semi-monthly report as of Dec 31 showed 12,476,508 shares of 642 issues compared with 15,239,477 shares of 626 issues on Dec 15. Larger individual positions included: Amer. Barrick 30,900; Bow Va…


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