Belmoral reports increased income
Net income of $2.25 million (6 cents per share) was reported by Belmoral Mines (TSE) for the first quarter of 1988, compared with $1 million (4 cents per share) for the same period last year. Revenues…
1988
Lac, Queenston proceed on Kirkland West project
One of the most promising exploration plays in the Kirkland Lake, Ont., gold camp will undergo a major underground exploration program this spring. Following a series of discussions on a joint venture…
Goldplex drilling Courageous belt
A private Toronto-based company that went public last August when it raised $480,000, Goldplex Development Corp. (ASE) is currently concentrating its exploration activities on the Courageous Lake gold…
Continental acquires Trophy gold claims
Continental Gold Corp (VSE) has acquired a 100% interest in the Trophy gold property located 70 miles southwest of Dease Lake, B.C. The property covers 60 square miles of ground which was prospected l…
New EDP asbestos reports seen as an encouraging sign
Four new reports on asbestos have been released by the U.S Environmental Protection Agency (EPA), which two years ago proposed a ban on the mining and use of asbestos, which it cites as offering a hea…
Skyline samples very high grade
Stope development at Skyline Explorations’ Johnny Mountain property in the Iskut River area north of Stewart, B.C., has encountered some very high grade gold values in the Discovery vein. Chip sampli…
Active staking in northern New Brunswick
Mining claim staking in northern New Brunswick has been active recently, says the New Brunswick Prospectors and Developers Association (NBPDA). Approximately 1,100 claims have been recorded along a fa…
Centre fosters research
The Geomechanics Research Centre at Laurentian University in Sudbury is intended as a cornerstone of a centre of excellence in mining in Ontario, says Dr Peter Kaiser in a report made to the universit…
Uranium counts on new markets
The future for Canadian uranium lies in the continued growth of nuclear-powered capacity and continued access to the U.S. market, according to the president of Rio Algom (TSE) of Toronto. R. W. Ballme…
Montreal Exchange Northgate-Audrey deal
In a week of mixed trading highlighted by a flareup of fighting in the Persian Gulf involving Iran and the U.S. and a small rise in the gold price, the Montreal Exchange’s general market portfolio ind…
Shareholders approve fundamental changes to Equity Preservation
Shareholders of Equity Preservation Corp. overwhelmingly approved a management proposal to change the closed- end investment firm into an operating exploration company at a special meeting. Legal chal…
Delaware falls to Colossus
It almost seemed too easy and there wasn’t even a White Knight around to come to the rescue. Delaware Resource Corp. (VSE) has, as expected, fallen prey to Prime Capital affiliate, Colossus Resources …