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…
1987
Holmer drilling at Tashota bet
Drilling is under way on Alberta- listed Homer Gold Mines’ 100%- owned Tashota property north of Geraldton, Ont., reports President K. Sethu Raman. The first drill hole tested anomaly No 16 with a kno…
Market action in February more hair-raising than ever
Just when investors thought trading on the Toronto Stock Exchange had gone about as high as it could judging by the hair-curling action in January, along come the preliminary figures from February to …
Vancouver Stock Exchange Investors turn to speculative stocks
It’s been another record-breaking week on Vancouver. Trading volume has reached levels last seen when gold was twice the price it is today, suggesting perhaps the market is anticipating an uptick. In …
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…
Chesbar extends ramp at Chester Twp. play
With an application made for listing on the Toronto Stock Exchange, Chesbar Resources is making progress on both the financial and exploration fronts. The company, which now trades on the Montreal Exc…
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…
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…
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 …
Cane Corporation in joint venture
Cane Corp. reports it has a joint venture agreement with Cominco Ltd. to test several geophysical conductors in the Grassberry River area of Saskatchewan. Cane says it can earn a 40% beneficial intere…
Funding settled
Marshall Minerals of Newmarket, Ont., and First Exploration Fund 1987 and Co., Ltd. Partnership have concluded a series of agreements whereby First Exploration will provide up to $20.6 million in flow…
Metal Prices Futures Prices N.Y. Mercantile Exchange (March 16, 1987)
High Low Close Change PLATINUM (in US$ per oz.) March — — 530.10 — April 535.00 526.50 532.30 + 2.10 July 539.50 532.00 537.50 …