Inco, Seven Mile to drill Vault bet
Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE), has recommended a 5,000-m drill program for the Vault project shared with Seven Mile High Resources (VSE). Located in British Columbia, the Vaul…
News
Toronto Stock Exchange Inco helps volumes back over 20-million mark
Volumes have started to creep back over the 20-million share mark and tagging along have been prices. Today’s 14.4-pt advance in the composite index moved the index to 3,310.29 pts on volume of 21.5 m…
Commodity index falls despite strong metals
A slight pickup in metals and minerals helped to keep Scotiabank’s all-commodity price index from falling by more than 2% in August, the bank reports. Higher prices for aluminum, potash and sulphur du…
News in Brief (October 10, 1988)
Eastmaque Gold Mines (TSE) has agreed to participate in an exploration program in Papua New Guinea. Over the next six months, Eastmaque will spend $190,000 on the project. For the year ended June 30, …
20% of Inspiration’s revenues hinge on $130-m. Flin Flon
Ethical investment funds do not hold shares in New York-based Inspiration Resources (TSE), which this week traded in Toronto at about $8. The reason: an indirect connection to two South African mining…
Greenstone drilling for Sullivan geology at McNeil
A drill program is under way on the McNeil property held equally by Greenstone Resources (TSE) and Dragoon Resources (VSE). Located in the Kootenay area of the province, the McNeil property has geolog…
Workshop on scientific drilling
A 2-day workshop sponsored by the Canadian Continental drilling program and the Geological Survey of Canada will be held on Nov 23 – 24, in Building 3, Observatory Crescent, Ottawa, to stimulate discu…
PACOAL 89
PACOAL 89 tackles the future of the inter-relationship between power generators and coal with its theme “Electricity and Coal demand in the Asia-Pac ific.” The 4-day conference (in English) will be h…
The unsolved mystery of Dan Willans
He arrived on the northern Ontario mining scene during the first part of this century more or less unannounced, and in the next few years was reported to have made himself a pile of money. His name, h…
COATS Trading Features (October 10, 1988)
Hectic over-the-counter trading in a non-mining issue startled the COATS market this week, with Air Canada’s costly $12 million public debut shaking the lethargy. Floated at $8 a share with a nudge fr…
Golden Sitka Suspends Exploration of Chichagof Properties
A review of exploration programs at the Hirst- Chichagof and Chichagof mine properties in Alaska has led to a decision by Golden Sitka Resources (VSE) to suspend further work at its Chichagof project …
Alberta Stock Exchange Nfld play sparks Varna
Drill hole results from a property on Newfoundland’s Baie Verte Penninsula, a hot exploration area of late, sparked some trading activity in Varna Gold this week. One 20-ft intersection averaging 0.32…