Queries Cornucopia Res. hasn’t changed its name
When I sold 400 shares of Cornucopia Resources recently, I was informed by my broker that this company is now Valley View Gold. While the shares of Cornucopia are listed in Vancouver and Valley View…
1988
Hemlo puts Corona in the black
Increased gold production both from the David Bell mine and the still-disputed Williams mine at Hemlo helped put International Corona Resources well into the black for the year ended Sept 30, 1987. Th…
Denison profit boost mainly due to oil, gas
Profit of Denison Mines, before extraordinary, unusual and other nonrecurring items, climbed 45% in 1987 over the previous year, and the company credits its expanding oil and gas division for the shar…
Lencourt options Glencairn prospect
A memorandum of agreement has been signed by two Toronto- based companies, Lencourt Ltd. and Glencairn Explorations, whereby Lencourt may earn a 51% interest in the latter’s Goodfish gold property at …
Toronto Stock Exchange Lacklustre trading underlies market selloff
Resource issues were unable to buck the sell off today, which saw the tse composite decline 47.8 pts to 3,122.57 pts. Last week’s improved U.S. trade deficit news — which generated a small jump in ma…
Cdn-United Minerals drilling B.C. prospect
A $300,000 exploration program is under way on Canadian-United Minerals’ Firewood polymetallic prospect located 10 miles north of Granisle in central British Columbia. Work will include 5,000 ft of di…
Sale of Mascot brings profit to Royex Gold
An extraordinary gain resulting from the sale of Mascot Gold Mines to Lacana Mining, enabled Royex Gold Mining to realize net income of $47 million for the year ended Sept 30, 1987. This compares to a…
Greater Temagami drilling original copper mine claims
The old Temagami mine property 25 miles south of Ontario’s famed Cobalt silver camp will be getting the once-over by Vancouver-listed Greater Tema gami Mines. The company optioned the property from Te…
News in Brief (January 25, 1988)
Emerald Lake Resources and Highland-Crow Resources have amalgamated into Noramco Mining Corp. each on a share-for-share basis.
COATS Trading Features (January 25, 1988)
A generally dull week of trading is the only way to summerize activity on coats this week. One long- lost issue which has come back from the grave is New Yarandry Ltd. Once a junior explorer in the 19…
Cash-hungry Mingold finds partner
At first glance, the recent marriage of a private Toronto company called Mingold Resources with tse-listed Golden Range Resources looks like any other back- door acquisition agreement. In need of cash…
McAdam updates reserves at its McWatters gold bet
An updated gold reserve figure of 910,869 tons at a grade of 0.189 oz gold per ton is reported by McAdam Resources, at its McWatters project near Noranda, Que. President John McAdam says surface drill…