Correction (June 15, 1987)
In the June 8 issue of The Northern Miner, it was mistakenly reported that Pamour Inc. owns 50.2% of Australia based Giant Resources. In fact the reverse is true.
News
Queries Parvus making noises again
I hold shares of Parvus Mines, which seems to have almost disappeared from the scene since the late-1970s. Now I hear there is a private placement of flow-through shares; also, it has reappeared on co…
Brunswick profit expected to continue
Brunswick Mining and Smelting Corp. reports first quarter earnings of $355,000, compared with a loss of $3,525,000 in the first quarter of 1986. Value of mineral production in the latest period was $6…
Underground work planned for New Pascalis claims
An underground exploration program is to begin shortly on the 38 New Pascalis Mines claims located 26 km east of Val d’Or, Que., project operator Cambior Inc. reports. The program, scheduled over 12 m…
METAL MARKETS Japan relying on more steel imports
With its steelmakers having cut production, Japan will start relying more on steel imports than exports, and developing nations such as Brazil and Korea will be expanding their steel capacity steadily…
Atlantic Report Maritimes exploration arm
Vancouver-based Four Seasons Resources has established a Maritimes exploration arm, F.S.R. Maritimes Exploration. F.S.R. Maritimes is negotiating an option agreement with Four Seasons whereby it could…
Active year for Heenan Senlac
With several promising situations in the works, Heenan Senlac Resources is gearing for an active season, shareholders were told at the annual meeting this week. “We feel quite hopeful”, President Geor…
News in Brief (June 15, 1987)
Ceasar Resources has changed its name to Audre Recognition Systems Inc. on a share-for-share basis.
Near production? Prices are bright
Nobody knows what the price of gold and other precious metals will be next k year at this time, but anybody who has been following the stock market in 1987 shouldn’t have to be told about today’s favo…
Amca Starting small, but aiming high
The spectrum of heap leach gold plays in the southwest U.S. is broad indeed. On one side are multi- million dollar projects expecting to produce more than 150,000 oz of gold per year. And on the other…
Alberta Stock Exchange Jilbey catches the eye
The mover which caught the eye this week was Jilbey Industries, a company which only a month ago was trading in the 60 cents range. The issue closed at a new high of $2.55, up from $1.40 last week. J…
Maritime juniors in the search for gold
Exploration activity was up sharply in the Maritimes during 1986, and this year is shaping up to be even busier. More than 30 junior exploration companies are at work in Nova Scotia, New Brunswick and…