Jascan scoops Colorado bet
Another big U.S. company, U.S. Borax & Chemical Corp., has decided to get out of the mining business. In a deal scheduled to be closed this month, Jascan Resources Inc., a Toronto-based junior, has ag…
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Could hear a muffled roar in commodity prices, Bird says
“Low inflation and high real interest rates are not the stuff commodity price increases are made of,” Anthony Bird, an independent economic consultant, told members of a gold conference in London, Eng…
COATS Trading Features (March 16, 1987)
Seaway Base Metals, which had its “cease and desist” order lifted by the Ontario Securities Commission, began trading Monday and closed the week at 40-45 cents on a volume of 61,100 shares. National …
Ottawa keeps the lid on future of flow-through
Many of the roughly 2,000 delegates came to last week’s Prospectors and Developers convention seeking relief from their fear that flow-through share funding for mineral exploration is doomed. They had…
Operators Conference Technology, communications — key to survival,
The keynote address here at the 8th Annual Operators Conference was not vintage William James. His banquet address before a record 300 mine operators and an equal number of suppliers at the Collins Ce…
Metal Prices Futures Prices N.Y. Commodity Exchange
Week’s High Low Close Change COPPER (in US cents per lb.) March 63.50 62.75 63.45 + 0.55 May 63.45 62.70 63.40 + 0.5…
50,000 initially Granges, Abermin getting up steam on Manitoba’s
Construction work on surface facilities continues uninterrupted as underground development nears the Main zone deposit at Granges Exploration’s Tartan Lake project near Flin Flon, Man. The drive into …
Novamin targets $8m. for Ontario/Quebec bets
Following the completion this month of a $12.4-million share offering by Novamin Inc., the mineral explorer will be essentially debt free and busy with an $8-million exploration program. A large part …
Deep results at Consolidated Professor
Consolidated Professor Mines reports early results from drilling at its Duport gold property at Shoal Lake, Ont., include some “excellent” intersections from deep surface holes. The holes, the company…
Augmitto anticipates 3m. tons at 0.16-oz gold
A $3-million private placement of shares and warrants with institutional investors in Europe will fund the final push at Augmitto Explorations’ gold property located five miles south of here. Arranged…
Tandem drilling two lively bets
A drill program with two machines is under way at Tandem Resources’ Moss Lake project, about 70 miles west of Thunder Bay, Ont., says President Stanley G. Hawkins. The drill program is from the ice of…
Major league Gold – share to double for Lacana Mining
Lacana Mining looks to be moving rapidly into the major leagues amongst gold producers in Canada. For starters, the company has concluded a $150 million deal with Royex Gold Mining Corp., which will g…