Earnings Reports (December 19, 1988)
Bachelor Lake Gold Mines (TSE) of Toronto reports a loss for the 9-month period ended Sept 30 of $634,786 or 8 per share compared to $6.57 million or 90 per share for the year earlier period. Mine c…
News
Stratmin financing
Financing totalling $450,000 has been announced by Stratmin Inc. (ME), the money to be spent on exploration work at the company’s Mont-Laurier graphite property in Quebec. Stratmin says CMP 1988 Resou…
Ontario tries again to update antiquated Mining Act
New staking practices, measures to avoid claim disputes and streamlined procedures for mine development are some of the changes to Ontario’s Mining Act proposed recently by Mines Minister Sean Conway….
Map available now of B.C. hot spots
A full color map covering one of the most active exploration areas in Canada is now available from Equity Preservation Corp., of Vancouver. Accompanying the 25×37 inch map is a handbook with ownership…
FINANCING (December 19, 1988)
VANCOUVER Anglo American Res — 624,000 offered @ 45 per unit. Blue Emerald Res — gross proceeds rec $210,000. Loumic Res Ltd — gross proceeds rec $200,000. Tansy Res — 400,000 sold for gross $140…
Longreach to drill platinum prospect in Tulameen
In order to earn a 50% interest in the Grasshopper project in the Tulameen area of B.C., Longreach Resources is carrying out a follow-up percussion drill program to test platinum values encountered in…
Corona says grade and tonnage lower at Nickel Plate project near
Production deficiencies at Corona Corp.’s (TSE) Nickel Plate mine near Hedley, B.C., are finally out in the open. Addressing a group of analysts in Montreal recently, President Peter Steen confirmed t…
Calpine drill results bolsters Eskay Creek tonnage potential
The first hole from a phase-two drill program at Calpine Resources (VSE) Eskay Creek project in northwestern British Columbia appears to confirm the large tonnage potential of the discovery. Consolida…
Montreal Exchange Cambior ups offer
When Cambior Inc. decides to pursue an acquisition target, it seems there is no holding back the major Quebec gold producer. Initially bidding $1.50 per share for between 30% and 60% of Nova- Cogesco …
Corona acquires option in Messeguay bet
An option agreement has been entered into by gold producer Corona Corp. (TSE) and Quebec junior Messeguay Mines (ME) whereby the former may earn up to a 70% interest in a portion of Messeguay’s Launay…
Kewagama drilling at Granada bet
A preliminary underground drilling program at the Granada property in northwestern Quebec has been completed, Kewagama Gold Mines (Quebec) (ME) reports. A total of 3,288 ft of drilling was carried out…
Vancouver Stock Exhange Calpine continues to climb
With the Christmas season drawing near, market activity on the VSE has dropped off considerably. The expected seasonal decline and some tax-loss selling impacted on the VSE Index which was off 2.35 po…