Abbey encouraged by drill results
An intersection of 0.19 oz gold per ton over 14.9 ft was reported by Abbey Exploration (TSE) and its two partners from hole 88-4 on property in Guyanne Twp., in northwestern Quebec. Abbey’s joint-vent…
1988
Dickenson investigates Wharf amalgamation
Toronto-based Dickenson Mines (TSE) is investigating an amalgamation with Wharf Resources (TSE), in which the former currently has a 33% equity interest. J. O. Kachmar, president of both companies, sa…
Kam-Kotia seeks new acquisitions
The transition of Kam-Kotia Mines (TSE) from a holding company into an operating company is under way, shareholders were informed at the annual meeting. In March of this year the company reached agree…
Galactic Crone Hill leach test negative
A production decision has been delayed at the Crone Hill property of Galactic Resources (TSE) and Quartz Mountain Gold (VSE) because of what they describe as “ambiguous metallurgical results on the he…
Vancouver Stock Exchange Good news from Ottawa for juniors
The federal government’s new exploration incentive program and the extension of the present earned depletion allowance for an extra six months is certainly good news for junior resource companies. The…
Windy Craggy encourages Geddes
Initial indications of “very encouraging” results are reported by Geddes Resources (TSE), from a 35,000-ft definition drilling program on its big Windy Craggy gold- copper-cobalt property in northwest…
Ottawa offers grants as substitute for earned depletion allowance
The flow-through saga has taken a new turn with the introduction of grants as a replacement for the controversial earned depletion allowance. The new program is designed to aid junior mining and oil a…
Cascadia drilling hits placer gold in B.C.
Visible gold has been noted in seven percussion holes completed on Cascadia Mines & Resources’ Cariboo-Kiethley Creek properties in southwestern British Columbia. Just over a year ago, the company ent…
Alberta Stock Exchange Baslen active (May 09, 1988)
Some of the big traders of recent weeks were active once again as Ottawa offered a lifeline to junior exploration companies by extending the present flow-through financing system until the beginning o…
Mount Wright awaits cash due from Spanish royalty
When Mount Wright Iron Mines finally gets the money it’s owed by Exminesa, the company that owns and operates the Rubiales lead-zinc mine in Spain, it should have a significant bundle of cash. Mount…
Anglo Dominion improves financial results in ’87
Like many junior explorers across Canada, Anglo Dominion Gold’s (TSE) ability to finance its main projects was hampered by the Oct 19 market downturn. Nevertheless, the Toronto company’s financial pos…
Metal Prices FUTURES PRICES (May 09, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 96.50 95.00 95.90 + 6.55 Jul 91.10 89.60 90…