Dejour cuts wide section at Turquetil
Drill results from Dejour Mines’ (TSE) Turquetil property 225 km southwest of Rankin Inlet in the Northwest Territories have shown good gold grades over significant widths. “It’s a big alteration zone…
News
Perrex drill program
A 30,000-ft drill program is in progress on the Iris gold property held by partners Perrex Resources (ASE) and The Alberta Gold Exploration Corp (ASE). Located in the Harker-Holloway area east of Math…
Platinova, Corona form joint venture
Toronto-based Platinova Resources (TSE) and International Corona Resources (TSE) have agreed to become joint venture partners, at Platinova’s East Greenland exploration concessions. In 1987, extensive…
Metal Prices FREE MARKET (July 11, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 5 July 4 July 1 June 30 June 29 Copper 1370-1375 1395-1410 1345-1350 1377-1380…
Decline is being considered at Garrison Creek’s Michaud
Toronto-based Garrison Creek Consolidated (TSE) has released more encouraging drill results from its 40%-owned Michaud Twp. property 65 miles east of Timmins, Ont. The latest results were obtained fro…
Villeneuve stakes granites, expands in Mishibishu camp
Villeneuve Resources (VSE) has completed the staking of four additional claim blocks in the Mishibishu area west of Wawa, Ont. The staking has increased the company’s ground position in this camp to 2…
Maggie to drill
Diamond drilling is expected to begin in the next few weeks at International Maggie Mines’ (VSE) Indian River property six miles southeast of Squamish, B.C. The property falls under an option agreemen…
Probable reserves up at Addington
Recent drilling has increased probable reserves on the Addington gold property in southeastern Ontario. Michele Gold Mines (VSE), which has an option to earn a 49% interest from Cathedral Gold Corp. (…
Holmer to accelerate drilling on advanced exploration bets
The sale of 300,000 flow-through shares at $1 per share to Northgate Exploration (TSE) has enabled Holmer Gold Mines (ASE) to accelerate exploration at a couple of advanced exploration programs in Ont…
Falconbridge pays $960 million for independence
A few days ago a small airplane buzzed by outside the window of William James’ office on the 40th floor of Commerce Court, in downtown Toronto. The Falconbridge Ltd. (TSE) 0000,0600 chairman was intri…
The tin metal scheme that went wrong
A 29-year effort to “stabilize” tin prices collapsed in 1985, causing enormous financial losses by banks and metal dealers, some Canadian. The price plunged steeply. What happened? The first Internati…
News in Brief (July 11, 1988)
Bart Resources has changed its name to Thermo Tech International Inc. (TTJ:VSE) on a share- for-share basis.