Nerco reserves take big jump
A sharp increase in gold and silver reserves has been reported by Nerco Inc. (NYSE) and its subsidiary, Nerco Minerals. Proven and probable gold reserves climbed to 2.25 million oz by the end of 1988,…
News
Pelham Gold to explore Monk’s Wawa gold bet
Vancouver-based Pelham Gold (ASE) has signed an option to earn a 51% interest in the Monk Gold (ASE) property near Wawa, Ont. According to Pelham, the decision was taken after it completed a review of…
Gold funds as of March 14
BGR Goldcorp Central MVP Capital Net value $12.17% 9.16 6.60% 0.80% Price $9.88% 6.00 6.12% 0.62% Discount $ 19.72% 34.5% 7.2% 22.5…
Obituary Allison Heather
A former manager of the Madsen Red Lake gold mine and well known mining engineer honored by the Governor General for “outstanding service in the promotion of Mine Safety,” Winnipeg born Allison F. Hea…
Editorial Loony tune?
It might sound a bit loony, but the mineral potential of the moon is being given some serious consideration these days by some credible sources. The latest input into the discussion comes from Gregg…
Silverside, Proteus plan amalgamation
An amalgamation is in the works between Silverside Resources (TSE) and Proteus Resources (VSE). Proposed name of the new company is Silverside Resources Inc. Share conversion would be on the basis of …
Alberta Stock Exchange Borealis in free fall
The difference that a year can make to the trading price of a resource issue is currently being demonstrated by Borealis Exploration. After trading at around $19 last January, the tightly held Boreali…
Image problem impacts Bond Intl Gold shares
Despite having established a solid record of performance in the first quarter of this year, Bond International Gold (TSE) is still struggling with a severely depressed share price when compared with i…
Vedron completes exploration at Fuller
Exploration work completed by Vedron Ltd. (TSE) on the company’s Fuller gold property has identified the potential for 1.5 million tons of ore to a depth of 1,500 ft. This assessment is based on surfa…
Cassiar earnings $22.2 million
Cassiar Mining (TSE) reported net earnings of $22.2 million or 95 cents per share (fully diluted), compared to $3.7 million or 19 cents a year earlier. The company’s Similco copper mine contributed …
Inco looks to fifth record quarter results
Inco Ltd. (TSE) is expecting its best quarter ever this year for the period ended March 31. The world’s largest nickel miner says this quarter’s results will represent its fifth consecutive record qua…
Baloil reports good results from old Kootenay producer
Calgary-based oil producer Baloil Resources (ASE) which recently diversified into metal exploration has reported some encouraging results from its Sumit claims in the Kootenay, B.C. region. Baloil is …