Alberta Stock Exchange Perrex plummets
Taking a big hit on the market for the week ended July 2 was Perrex Resources. Trading over four million shares, the junior gold explorer lost three quarters of its value to close at one penny. Althou…
News
NEWS IN BRIEF Jantar Resources Corp.
Jantar Resources Corp. (JAN.A:VSE) has changed its name to ITP Thermal Packaging Inc. with no consolidation of capital. The new company has no interest in mining. Aunore Resources Inc. (AUN:ME) has ch…
Unlisted Trading Canmine in Mexico
Following the southerly migration of exploration dollars, Canmine Resources has agreed to acquire a 100% interest in the San Antonio silver property in the province of Chihuahua, Mexico. In exchange …
TVX, Gldn. Knight release new results
Exploration below the 1,000-ft. level at the Casa Berardi East mine near La Sarre, Que., continues to produce encouraging results for partners TVX Gold (TSE) and Golden Knight Resources (TSE). Golden …
NEWS IN BRIEF Copper miners strike in Chile
The spot price of copper, reacting to news out of Chile that about 10,000 workers at the government-owned Chile Copper Corp. had gone on strike over salaries in early July, gained almost two cents on …
Fort Knox active near Shiningtree
Toronto-based Fort Knox Gold Resources (TSE) says it plans to begin drilling soon on 31 claims in Fawcett Twp. near the Shiningtree area of Ontario in the hope of finding a volcanogenic massive sulphi…
EDITORIAL PAGE A first class mine
Mine closings are a sad but inevitable part of the mining business. Orebodies are finite, measurable entities that eventually are depleted. It is the task of the operator to extract that ore in a logi…
Toronto Stock Exchange Renewed interest in gold sparks rally in
While a US$3.45-per-oz. increase in the price of gold is nothing to get excited about, according to precious metals analysts, it was enough to get gold stocks moving during the week ended July 2. Seve…
Trimin following different path
Following the sale of its interest in the Hanson Lake copper-zinc deposit near Flin Flon, Man., Trimin Resources (TSE) is moving out of mining and into plastics. Armed with about $9.5 million in cash…
NEWS IN BRIEF Exploration Essor Inc.
Exploration Essor Inc. (ESO:ME) has changed its name to Ressources Orco Inc. (ORC:ME) with a consolidation of capital on a 1-new-for-10-old-share basis.
Noranda arranges option on Pine Channel’s Norite
Exploration funding for the Norite property owned by Consolidated Pine Channel Gold (VSE) has been arranged through a unit of Noranda (TSE). Pine Channel signed a letter of intent giving Noranda the r…
NEWS IN BRIEF Corona Corp.
Corona Corp. (ICR.B:TSE) has changed its name to International Corona Corp. (ICR.B:TSE) with a consolidation of capital on a 1-new-for-2-old-share basis.