Vancouver Stock Exchange Volume boiling over
The Vancouver market has literally come to a full boil with trading activity approaching levels only seen during the early 1980s. But the present situation didn’t happen overnight. Volume increases ha…
1987
McFinley bulk test in three months time
Milling of a 20,000-ton bulk sample is expected to begin within three months, McFinley Red Lake Mines says. The company says drill-indicated reserves on its gold property near Red Lake, Ont., total 89…
Lightening drills on Dome Lake bet
A 4,000-ft drilling program is under way at the Dome Lake property located about 40 miles northeast of Yellowknife, N.W.T., by Lightening Minerals. Exploration work on this 32-claim property has so fa…
Montreal Exchange Vassan leads way
Call it a downturn or a correction, trading on the Montreal Exchange this past week was generally less spectacular than in preceding weeks, although resource issues continued to be actively traded. To…
Zahavy elevuating purchase of Getty’s 50% in Favourable Lake
Alberta-listed Zahavy Resources says it has been advised by Getty Resources that a third party has made an offer-to-purchase Getty’s 50% interest in the Favourable Lake joint venture property located …
Novamin accepts Breakwater offer
The board of Novamin Inc. has accepted a takeover offer by Breakwater Resources, subject to the completion of a definitive agreement. Terms of the proposal would see Breakwater issue one share for two…
Canamax has discovery near Kremzar property
A new gold discovery has just been added to the portfolio of Toronto-listed Canamax Resources. The site of the discovery is at its wholly-owned Lochalsh project, located in the Goudreau gold belt 35 k…
Toronto Stock Exchange Golds shine as skittish bull pulls market
Once again golds set the market on its ear with a rise that seemed to defy gravity itself. Spurred on by worries of a sinking U.S. dollar, bullion prices soared to a high of over $420(US) an oz while …
North American Rare
A 500-ft stepout hole on the joint venture property of North American Rare Metals and Dundee- Palliser Resources in Vezza Twp. in Quebec’s Casa Berardi area has extended the gold zone to 2,000 ft and …
COATS Trading Features (April 06, 1987)
Edda Resources made a strong advance to 85 cents -95 cents from the 35 cents range. The company holds a 51% interest in a private company. The private firm holds a large land position near the Namew L…
Zinc consumption expected to grow at a sluggish pace
World zinc consumption could increase by 2% per year from now until 1990, thanks in large part to the automakers, according to Coopers and Lybrand. The firm, in a recent Global Mining Outlook, links t…
United stakes more claims near Madoc
Additional ground has been acquired by United Reef Petroleums near Madoc, Ont. United, which now has 110 claims in the area, says the ground was acquired for its gold potential. Gold showings sampled …