Eastmain drill program starts
A $225,000 flow-through share placement completed by Eastmain Resources (TSE) will fund exploration on properties held 100% by the company in the East main area of northern Quebec. Drilling is schedul…
1988
Golden Briar’s Estrades bet subject to future drilling
Golden Briar Mines (ME) is preparing to resume drilling at its Estrade Twp., polymetallic property in the Casa Berardi, Que., region after discovering a large mineralized zone. Under an option agreeme…
Echo Bay plans new gold mine in Washington state
Echo Bay Mines (TSE) has announced plans to bring into production by early 1990 its Kettle River property in northeastern Washington state. Based on exploration to date and a mining plan developed by …
Toronto Stock Exchange Dull trading takes its toll on composite
A bout of dull trading hammered the market today, clipping 35.13 pts of the index which closed at 3,209.82 pts. For the week, the index is off more than 50 pts. U.S. dollar woes, free trade concerns a…
Montreal Exchange Amer. Reserve bid
Announcment of a takeover bid of its partner in the Paymaster project at Timmins, Ont., helped American Reserve Mining gain 38 this week. American, which closed at $2.10 on a volume of 109,700, has bi…
Spot prices at a glance (November 21, 1988)
Week’s Price (US) Change Gold (per oz) $422.60 + $ 3.10 Silver (per oz) $ 6.38 — $ 0.03 Platinum (per oz) $583.00 + $ 1.00 Copper (per lb) $ 1.39 — $ 0.12 …
Manson Creek private placement
A private placement agreement has been signed between Manson Creek Resources (VSE) and Golden Rule (TSE) where Golden Rule will purchase up to one million units of Manson Creek at a price of 40 per un…
Mispec Res. on ME
Recently listed for trading on the Montreal Exchange was Mispec Resources (symbol MPE) of Saint John, N.B. Mispec, incorporated in 1986, owns mining rights to three New Brunswick properties: in the Ca…
Improved Earnings For Equity Silver
Increased sales volumes brought about by higher production of silver, gold and copper, and sales from opening concentrate inventory helped boost earnings for Equity Silver Mines (TSE). The company’s m…
United Pacific Gold completes Phase II at Golden Zone
Preliminary assay results from a recent surface drill program on the Golden Zone project in south-central Alaska were released by operator, United Pacific Gold (VSE), a semi-independent exploration su…
Cannon Mine Boosts Breakwater’s Earnings
Forward sales and higher grades of ore processed at the Cannon mine contributed to a substantial increase in net earnings for Breakwater Resources (TSE) for the nine months ended Sept 30. The company …
Hillsborough completes program at Mount Slocomb
An aggressive exploration approach is being taken by Hillsborough Resources (TSE) on its Mount Slocomb property in northern British Columbia. The company recently completed a field program under the d…