Editorial Spending for the future
Exploration may be the lifeblood of Canada’s mining industry, but capital investment is what turns discoveries into the mines and mills that produce a marketable commodity. That’s why it is gratifying…
News
Alberta Gold’s Iris claims could be mined via open pit (August 29, 1988)
Edmonton-based Alberta Gold Exploration (ASE) has signed agreements worth nearly $3 million to finance exploration at the Iris joint venture in northeastern Ontario’s Harker-Holloway area, the company…
Toronto Stock Echange Buying surge feflects support at 3,200 pts
Buyers stepped in today to help stop a slide which was coming close to testing the technically-important 3,200-pt level. A 37.22-pt rally today moved the composite index to 3,279.24 pts. Unfortunately…
Win-Eldrich increases its stake in Ashdown gold bet
Toronto-based Win-Eldrich Mines (TSE) has taken a major step towards consolidating its position at the Ashdown gold property which could be in production next year. Win-Eldrich’s 100% interest in the …
MRI adding to oil and gas reserves
It appears that Mineral Resources International (TSE) will be adding significantly to its oil and gas reserves, thanks to an imminent $36-million takeover of Lethbridge, Alta.-based Barons Oil. The MR…
Metal Prices FUTURES PRICES (August 29, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 101.00 99.50 100.05 + 6.60 Sep 101.20 99.25 100….
Query Aldermac was Ascot
I’d like to know what happened to Aldermac Copper Corp. I understand it was bought by Ascot Metals Corp. in 1949. I’d like to know the name of the present company which took over Aldermac Copper. F. …
Kam Creed drills VG in Brazil
Visible gold has been detected in the first 27 ft of drill core from a drill program on the Amapa area property held under joint venture by Kam Creed Mines (TSE) and British Petroleum. The Amapa prope…
Timmins Report Matheson stops prosperity
Black River – Matheson Township council has been accused twice of behaving in a manner that prevents prosperity to the township, located 40 miles east of Timmins, near the burgeoning Harker-Holloway g…
Dolphin to Spend Additional $3 Million on Cape Ray
Dolphin Explorations (VSE) says it plans to spend an additional $3 million this year on its main asset, the Cape Ray gold property in southwestern Newfoundland. “By the end of this year, we should be …
American Platinum options properties
SouthernEra Resources (TSE) has entered into three agreements with American Platinum Inc. (VSE) which gives both companies the right to earn into each others platinum group metals projects in Ontario …
Scintilore claims ground where Bell mine stands
Alleging the mining claims covering the David Bell mine at the Hemlo gold camp in northern Ontario were forfeited under the Mining Act of Ontario, Scintilore Explorations (TSE) said it has now staked …