Toronto Stock Exchange (June 27, 1988)
A rush by investors to catch a piece of the summer rally added another 27.02 pts to the composite index today, pushing it to a new post-October 19th high. For the week, the index has gained more than …
1988
USMX/Pegasus results said to be significant
A joint venture consisting of USMX Inc. (NASDAQ) and Pegasus Gold (NASDAQ) has encountered “potentially significant gold mineralization” on their Winrock and Casino properties in the Alligator Ridge t…
Canacord seeks buyer for Silbak interest
Canacord Resources (TSE) is trying to sell its 9.9% interest in the Premier Silbak gold property but hasn’t ruled out the possibility of putting up its share of the financing to put the property into …
Montreal Exchange Gold loan for junior
One of the various means of raising money for exploration and development that seems to be growing in popularity is the gold loan. Recent news out of Quebec is that a junior, Nova-Cogesco Resources, h…
Ronrico reports four new zones
At least four new gold-bearing zones have been identified at the Simkar project located near Val d’Or, Que., Ronrico Explorations (VSE) reports. President D.J. Kemp says management estimates probable …
Earlier drilling at Huntington showed lower grade gold values
The highest grade gold values at Huntington Resources’ (VSE) Brett property near Vernon, B.C., appear to occur at a specific elevation; and this may partly explain why several recently announced holes…
EDITORIAL Ontario has to move on its Mining Act
Anyone involved in mining in Ontario may owe Charles Stuart a vote of thanks. Stuart is the man who has re-staked the mining claims at Hemlo, Ont., on which the Golden Giant gold mines is built. Stu…
Standard Trustco deal makes Roman Corp. holdings leaner
After deciding that it can’t be all things to all analysts, Toronto-based Roman Corp. (TSE) has emerged in 1988 as a much leaner holding company. In 1987, the company’s consolidated earnings before ex…
U.S. court decision on uranium benefits Canadian producers
The U.S. Supreme Court has ruled that the department of energy in that country is not required by law to restrict the enrichment of foreign uranium if such a restriction would not “assure the maintena…
Letters to the Editor Opposed amalgamations
Re: your article on Kiena, Sigma and Placer (N.M., June 20/88): After the Ontario Securities Commission denied our request for a hearing in the matter of the amalgamations of Placer Dome with Kiena an…
Placer Dome controls Craibbe-Fletcher Gold (June 27, 1988)
While no further work is contemplated at the present time on the Red Lake area gold property of Craibbe-Fletcher Gold Mines (COATS), at such time as access can be provided from the underground working…
Chelsea output second highest
Approximately 1,100 tons of ore grading 0.38 oz gold per ton was processed by Chelsea Resources (VSE) during May at its Spotted Horse mine near Lewistown, Mont. Fernando Nuflo- Moya, a company directo…