Armistice tries to copy Kerr mine next door
A 2-3-year shaft-sinking and drilling program is under way here on a gold property optioned by Armistice Resources to determine the existence of ore deposits similar to those on the neighboring Kerr A…
1988
Toronto Stock Exchange Stable golds and buying firm markets
A much-needed spate of buying during the end of our review week has added more than 60 pts to the tse composite index, which is back over the 3,000-point mark. After being pummeled by several days of …
Villeneuve funds for several bets
Villeneuve Resources has arranged share financings which netted $760,000. The cash will fund exploration programs on properties in Ontario, Quebec and Nevada. In the Mishibishu area west of Wawa, Ont….
Bull market over for copper?
Has the bubble burst for copper, or is the bull market for the base metal experiencing a temporary lapse? Reaching a spot price on the New York Commodity Exchange of $1.46(US) per lb at the end of las…
Goldteck drills high grade
Several encouraging assays have been received by Goldteck Mines from the company’s Stairs property, west of Matachewan, Ont. In the G-9 zone, located 2,000 ft east of the shaft, drilling intersected a…
Marshall earmarks $7m. for Timmins projects
In a bid to increase reserves at three of its Timmins area properties, Toronto-based Marshall Minerals has entered a number of agreements which call for some $7 million to be spent on exploration. In …
Theresa zone yields results for Duration and Locator
Underground sampling at the Theresa gold property has yielded encouraging results, equal partners Duration Mines and Locator Ex plorations say. Located near Long lac, Ont., the Theresa mine’s undergro…
Hemlo Gold lives up to early billing
When the initial public offering of Hemlo Gold Mines was subscribed for last February, the company was expected to be a steady money maker. With 87.3 million shares outstanding, Hemlo had the largest …
ME listing for Jilbey
Recently listed on the Montreal Exchange was Jilbey Industries, a junior exploration company incorporated in British Columbia in 1983 with head office in North Bay, Ont. Jilbey (symbol jlb) is activel…
June conference
Following up on last year’s theme, the Quebec Metal Mining Association is planning to have speakers at its 1988 annual meeting address the topic of natural resources and regional development. The meet…
Delbridge drilling delayed
The stripping of an area located 2,000 ft southwest of the DeSantis shaft, by Delbridge Mines, has exposed several quartz veins carrying massive sulphides. The DeSan tis property is located near Timmi…
Editorial Dominican Republic is being rapaciopus
The Dominican Republic could be shooting itself in the foot, if it continues to try getting tough with Dominican-based Falconbridge Dominicana, C. por A., the ferronickel-producing subsidiary of Falco…