Alberta Stock Exchange: Drilling spurs Briar
Wednesday close, Nov 5 Gold issues led the pack on the Alberta Stock Exchange this week. News that Newmont Explorations has intersected strongly altered volcanics spiced with sulphides on Golden Briar…
News
General News & Comment: Value of COATS trading is higher than expe
Volume and value in COATS trading are continuing at higher than expected levels according to statistics released by the Ontario Securities Commission. The total value of COATS trading from its incepti…
Toronto Stock Exchange: Market takes the high road with golds at
Wednesday close, Nov 5 The golds were behind the wheel and helped steer the market out of last week’s doldrums. Over the week, the gold and silver index made a gain of over 200 pts to settle at 5,211….
Nevada Goldfields brings Aussie flair to golds
After enjoying the fruits of success Down Under, another Australian mining group has set its acquisitive gaze on other lands — namely North America. Golconda N.L., which is currently producing approx…
Marker active in Flin Flon area
A $250,000 exploration program is under way by Marker Resources on itst recently-acquired gold properties in the Flin Flon area of Manitoba, President Gordon Barron tells The Northern Miner. The two p…
Strike shuts Horne smelter
Noranda Minerals has declared force majeure on shipments from its Horne smelter at Rouyn, Que., after unionized workers went on strike Nov 5. The employees had given the CNTU a mandate to strike after…
Golds boost profit at Sullivan Mines
Strong gold prices are cited as the main reason behind the marked improvement in profitability at Sullivan Mines. During the first nine months of 1986, the company’s average selling price was $501.48 …
Belmoral shows quarterly profit
Belmoral Mines reports net income of $259,000 or 1 cents per shares in the third quarter of 1986,the first profit recorded by the company in the past three years. For the same period a year earlier th…
Lucky Strike Resources reports assays from a grab sample covering
the hangingwall on its Lucky Jack claim on the Cambourne property have returned values of 20.81% lead, 0.15% zinc, 0.069 oz gold and 16.53 oz silver per ton. Assays from five 10-ft drill holes have re…
Thompson proposal would cut dealers’ compensation
The Thompson committee on junior mine financing has gone back to the regulatory drawing board and returned with major changes to its proposals for dealer compensation. The Ontario Securities Commissio…
Gold/Silver values high at Multinational’s Baker bet
Some late-year drill results from Multinational Resources’ Baker mine property in the Toodoggone area north of Smithers, B.C., are quite spectacular. Not only are the gold assays high grade but the si…
MABC welcomes task force idea
Responding to a call on the mining industry from B.C. Premier William Vander Zalm to join a task force study group, the Mining Association of B.C. says it welcomes the suggestion. Premier Vander Zalm …