Montreal Exchange (August 01, 1988)
Orex drilling results Not a good week for resource issues, the mining and minerals index on the Montreal Exchange tumbled by more than 93 pts during our report period. (The general market portfolio in…
News
Alberta Stock Exchange Octan gains ground (August 01, 1988)
The name Octan Resources isn’t one which has caused much attention during recent trading sessions on the Alberta Exchange. But in an atmosphere of general lethargy, Octan led the way by posting a 44 c…
Encouraging results reported by Orex at Onitap property
A drill core sample from the Goldboro property in Nova Scotia assayed 1.42 oz gold per ton (uncut) over 25 ft, Orex Exploration (ME) reports. Orex may earn a 50% interest in the property from Onitap R…
Dickenson, Wharf directors agree on merger proposal
The boards of directors of Dickenson Mines (TSE) and Wharf Resources (TSE) have approved the principal terms of a merger of the two companies, subject to shareholder and regulatory approval. Dickenson…
Letters to the Editor Praise for Dome Mines
I was interested in an inside “highlights” item at the top of page 1 of your June 13 issue, which read; “Yesterdays — In the early 1900s Cobalt was the place to be.” How about “Dome Mines?” If one ha…
Gold caught in neutral trading pattern
Bouncing around within a fairly narrow range, the price of gold seems to be caught in a neutral pattern, analyst Manford Mallory of Capital Group Securities of Toronto told The Northern Miner. The pre…
FINANCING (August 01, 1988)
ONTARIO Released From Escrow PPC Oil & Gas Cor. — 230,103 shs released. VANCOUVER Vishnu Res — gross proceeds rec $152,000. First Star Egy — opt exerc on 120,000 @ $0.3025. Killick Gold — gross pr…
Copper boosts Lornex earnings
Increased copper production and higher copper prices (averaging about $1.10(US) per lb) were responsible for an 84% increase in net earnings over 1987 figures by Lornex Mining Corp. (VSE) for the six …
Letters to the Editor A rebuttal
Having just arrived back from Kenora Prospectors and Miners’ annual meeting held at Gold Point Farm Camp on June 24, I feel a rebuttal is in order to your “Grab Samples” column (N.M., June 20/88) whic…
Brican explores bulk tonnage bet in British Columbia
A former copper prospect is being re-examined by Brican Resources (VSE) for its potential to host large tonnage gold/copper mineralization. A detailed IP survey was recently completed on the 1,854- ac…
Vista pulls hot intersection while drilling Bootleg bet
Vista Mines’ Bootleg property near Creighton, Sask., continues to produce some pleasant surprises at it comes within weeks of an internal feasibility stage. With a 20,000-ton bulk sample program in pr…
Energex/Geostar drilling yields positive results
Recent drilling on a project located in a historic gold mining district straddling the Nevada/Utah border has returned “positive” drill results, according to joint venture partners Energex Minerals (T…