North American Rare drilling continues
North American Rare Metals (VSE) is continuing drilling with three machines at the Matagama area gold property which it owns jointly with Dundee Palliser Inc. (TSE). The deepest hole is still open to …
News
Marigold will give Rayrock 13,0-00 more ounces of gold
The decision to go ahead with the Marigold gold project in central Nevada will bring Rayrock Yellowknife Resources’ (TSE) net gold production to around 50,000 oz a year, the annual meeting was told. T…
News in Brief (May 09, 1988)
MSV Resources Inc. (ME) has sold its holding of 1,492,500 shares in Canacord Resources Inc. (TSE) to Prime Capital Corp. The sale represent 10% of Canacord’s issued and outstanding shares.
Metal Prices FREE MARKET (May 02, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Apr. 26 Apr. 25 Apr. 22 Apr. 21 Apr. 20 Copper 1080-1190 1095-1105 1167-1168 1170-118…
Cash-rich Lornex Mining looking to new opportunities
When a mining company turns into a holding company what’s to be done but pay dividends and wait for the cash flow to keep coming? That’s exactly what Lornex Mining (TSE), the 45% partner in Highland V…
THE SECRET LIFE OF PLANTS
If you’re a geochemist, chances are your next grassroots exploration project will have a better chance of success if you can identify not just rock types in the field but also jack pine, trembling asp…
High metal prices boost Rio Algom financial resultsd
After reporting record earnings of $93.1 million in 1987, Rio Algom (TSE) is coming off what can only be described as a banner year. And, with first quarter net earnings of $26.4 million (60 cents per…
NEGOTIATIONS The Ground Rules
The Ontario Court of Appeal, in the case between Lac Minerals and International Corona Resources, has made most of the mining industry acutely aware of the concept of negotiation in mining deals. In e…
News in Brief (May 02, 1988)
Crew Minerals has changed its name to Asia-Pacific Resources (APQ:VSE) on a share-for-share basis.
Vancouver Stock Exchange Alotta ups nickel find
Market activity in Vancouver can only be described as lethargic and brokerage month-end has compounded matters even further. The selling out of delinquent accounts has tended to put downward pressure …
Dewatering plan seems likely at Seadrift’s Aldermac deposit
Vancouver-based Seadrift International (ASE) has released some more results from drilling on a previously unexplored area of the No 8 zone at its wholly-owned Aldermac project about nine miles west of…
Score for Alotta Nickel copper find drawing interest
After 35,000 ft of exploratory drilling and an expenditure of close to $1.5 million (via flow-through financing) in the search for copper-nickel deposits in the Lac Simard area of northwestern Quebec,…