Montreal Exchange Market turns upward
Investors in a buying mood helped propel the ME this holiday- shortened week to higher levels, with the market portfolio jumping almost 50 pts and the mining and minerals index climbing more than 34 p…
News
COATS Trading Features (October 17, 1988)
Trading was quiet as mining issues continued to drift in a lethargic market that has characterised the past several weeks. Prices were easier for Boston Bay Mines which tested a new low of $2.50 this…
McFinley wrestles with temperamental ball mill
The McFinley Red Lake Mines (TSE) project near here, looks like a safe bet to become the first new gold producer in the Red Lake camp for at least 25 years. After spending about $25 million, the compa…
Alternatives being examined to Ontario Mineral Exploration Program
The Ministry of Northern Development and Mines is examining alternatives to its popular Ontario Mineral Exploration Program (OMEP). It hopes to come up with some definitive conclusions on alternatives…
Belore pleased with Meat Cove assays
Trenching results from the Meat Cove property have returned several encouraging assays, Belore Mines (ASE) says. Held under option from United Reef Petroleum (TSE), the Meat Cove property is located o…
Int’l Thunderwood going underground at Gold Hawk
During the first nine months of this year, International Thunderwood Explorations (TSE) spent $4.3 million on mineral exploration. The bulk of the money went to the Pelletier Lake and Gold Hawk projec…
Noble Peak find
Drilling by Noble Peak Resources (ASE) on the company’s Southwin gold prospect in the eastern arctic has confirmed surface trenched gold values to a depth of 600 ft. Hole 21 intersected 16.8 ft gradin…
INSIDER TRADES (October 17, 1988)
Amir — G. Nordin sold 125,000 (July, private) to hold 10,600. Bar Res — D. MacLeod sold 260,650 (Sept, private) to hold nil. Breakwater — R. McDonald sold 30,708 (Sept) to hold nil. Canuc — R. Gun…
Toronto Stock Exchange Gold’s advance fails to ignite enthusiasm
Gold’s resilient performance, which saw the price advance to $406.40 on the second London fix, failed to ignite much enthusiasm from war weary investors. The TSE composite index gave up 23.19 pts to …
Funds for Orleans
A financing agreement worth $188,000 has been arranged between Orleans Resources (ME) and NIM Resources — 1988 and Co. Ltd. Partnership. To be issued are 250,667 shares at 75 per share. The funds wi…
Mill Rationalization Program
An engineering, procurement and construction management contract for a mill rationalization program was recently awarded to Wright Engineers and Fluor Daniel by Inco Ltd. The program, which is expecte…
MinVen finds gold in S. Dakota
Surface drilling at MinVen Gold Corp.’s (TSE) Gilt Edge mine in South Dakota has encountered significant gold mineralization over some unusually long thicknesses. The company is involved in a $9.4 mil…