News


Nickel falls to near $5

The roller-coaster ride nickel has been on this year took a downturn recently when the morning spot price of the base metal fell to $5.08(US) per lb on the London Metal Exchange (LME) and the 3-month …


Geddes pulls 61 ft on Windy Craggy

Geddes Resources (TSE) reports that a recently completed underground drill hole on its Windy Craggy property in northern British Columbia has intersected 60.8 ft grading 0.13 oz. gold, 0.10 oz silver …


Alberta Stock Exchange Glencairn moves up

While at least one Toronto investment advisor has admitted to being mildly worried about the direction of gold prices — he expects it to drop to $370(U.S.) per oz — a Toronto-based gold company call…


Kabenung project

Gold values have been assayed by Tundra Gold Mines (VSE) from the company’s Kabenung project in the Mishibishu area. Located west of Wawa, Ont., the property is north of the Magnacon mine being built …


Atlanta Gold Drilling Increases Reserves

The 1988 drilling program has significantly increased proven reserves on the Atlanta project in Idaho, says Atlanta Gold Corp. (VSE), which is curmine. The company can acquire 100% control (subject to…


Investment Comment QPX has Placer Dome’s backing

Finding a listed company that offers a combination of potential for capital gains associated with penny mining stocks and blue-chip credibility isn’t easy. Some might say it’s impossible. Other invest…


Nerco Minerals sticking with precious

Speculation that Nerco Minerals wants to get out of the precious metals business has been denied flatly by the company. A few weeks ago Nerco said it was considering the sale of interests in certain p…


Newmont drilling at Claude’s Ithingo

A diamond drill program has started on the Ithingo Lake gold property in northern Saskatchewan. Operated by Newmont Mining, the project is held under option from Claude Resources (TSE). Newmont has th…


Placer Dome Buys Stake In Alban Explorations

A Vancouver junior appears to have caught the eye of Placer Dome Inc. (TSE). The large gold producer recently purchased 150,000 shares of Alban Explorations Ltd. (VSE) at $1.00 per share, which Alban …


Higher Profits and Capital Investment for B.C. Mining

After five consecutive years of losses, British Columbia’s mining industry in aggregate reported positive earnings in 1987. According to a survey conducted for the Mining Association of B.C., this dra…


Rockford producing gold

The first revenues from gold production have been received by Rockford Minerals (TSE). The production is coming from the Barber Larder open pit near Larder Lake, Ont. Ore is being trucked to the Kerr …


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