Danra to start drilling program
A drill contract has been let by newly-listed Danra Resources (VSE) for a 6-hole program on a promising silver property in the Yukon. The 600-m program, scheduled to start early next month, will test …
News
Taiwan buying gold in bulk
In an effort to try to reduce its trade surplus, Taiwan is considering purchasing up to one-quarter of the world’s annual gold production, the news agency Reuter reports. Taiwan, which has foreign exc…
Centre fosters research
The Geomechanics Research Centre at Laurentian University in Sudbury is intended as a cornerstone of a centre of excellence in mining in Ontario, says Dr Peter Kaiser in a report made to the universit…
Uranium counts on new markets
The future for Canadian uranium lies in the continued growth of nuclear-powered capacity and continued access to the U.S. market, according to the president of Rio Algom (TSE) of Toronto. R. W. Ballme…
Vancouver Stock Exchange Little direction to market trading
It’s a seesaw market in Vancouver at present and things aren’t likely to change until after spring breakup. Gold has been stronger because of tensions in the Middle East and so has the Canadian dollar…
Potash Corp. reduces loss
It was a better year for Potash Corp. of Saskatchewan in 1987 but the Crown corporation still reported a loss of $20.7 million. In what might be considered a turnaround year, the company’s loss repres…
Montreal Exchange Northgate-Audrey deal
In a week of mixed trading highlighted by a flareup of fighting in the Persian Gulf involving Iran and the U.S. and a small rise in the gold price, the Montreal Exchange’s general market portfolio ind…
Shareholders approve fundamental changes to Equity Preservation
Shareholders of Equity Preservation Corp. overwhelmingly approved a management proposal to change the closed- end investment firm into an operating exploration company at a special meeting. Legal chal…
Toronto Stock Exchange Fears over rally’s longevity underlie sell-
A bout of nervousness has crept into the markets once again, putting a lid on a rally which has moved the TSE composite index up 400 pts over the past several months. Today, fears of another major dow…
Antimony mine, gold potential have Dominion Explorers busy
One of the oldest listed companies on the Toronto Stock Exchange today — formed in 1928 by the late renowned mine-finder Thayer Lindsley — Dominion Explorers is still very much alive, The Northern M…
Catear gears up for pilot milling at Goldwedge mine
Pilot milling will commence in mid-May at Catear Resources’ (VSE) Goldwedge property in the Sulphurets gold camp, 35 miles northeast of Stewart, B.C. President E. Kruchkowski says construction of the …
Delaware falls to Colossus
It almost seemed too easy and there wasn’t even a White Knight around to come to the rescue. Delaware Resource Corp. (VSE) has, as expected, fallen prey to Prime Capital affiliate, Colossus Resources …