Corona completes Prime Capital deal
Announcing completion of an approximate one-third voting and equity position in Prime Capital Corp. of Vancouver was International Corona Resources of Toronto. The purchase price consisted of five mil…
News
Sulphates and hematite found in major gold deposits
A notable feature of rocks of Archean age is an absence of oxygenated minerals, such as sulphates and hematite, reflecting a lack of atmospheric oxygen at that time. In the Witwatersrand placers this …
Editorial Deficits can’t continue
When Brian Mulroney became Prime Minister in 1984 and a Progressive Conservative government was formed, we held great hope that some semblance of fiscal responsibility would follow. It appears we we…
Cream Silver drilling Buttle Lake after government lifts
After a 14-year moratorium, Cream Silver Mines is exploring its Buttle Lake polymetallic deposit near Westmin Resources’ mine on Vancouver Island. The 166 mineral claims are located about two miles so…
Vancouver breaks all records despite market volatility in ’87
It was a year of highs and lows for investors on Vancouver’s Stock Exchange. The vse set new records in nearly all areas of its trading activity in 1987, but ended the year reeling from the impact of …
People (January 25, 1988)
Pacific Concord — Peter Simon, Richard Vogel and James Wright appointed directors.
Cliff acquisitions in Arizona area
Cliff Resources has made two property acquisitions covering 14,000 acres near Yuma, Ariz. The ground is on the Mesquite-Picacho trend, a gold mining area producing more than 175,000 oz of gold per yea…
Metal Prices PRODUCER PRICES (January 25, 1988)
ALUMINUM: MW U.S. Market 89.00 cents -91.00 cents per lb. (Jan 7, 1988). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CADM…
Canreos fortunes looking up under Belmoral Mines’ wing
Belmoral Mines, which has taken Canreos Minerals (1980) Ltd. under its wing and now holds a direct 40% share interest, has turned that junior firm into an active exploration company. And it now enjoys…
INVESTMENT COMMENT Westley’s portfolio of Nevada properties adds
Just as the Nevada gold region is becoming the talk of the North American mining industry and the subject of a number of investment reports, Vancouver-based Continental Carlisle Douglas has published …
Mid-North, Granges deal in Manitoba bet
Mid-North Resources has optioned Granges Exploration’s Gurney gold mine property in Manitoba. Located east of Flin Flon, the Gurney mine produced 25,000 oz of gold and 71,000 oz of silver from 1937-19…
Gunnar drill program
A 10,000-ft drilling program has started on the Courageous Lake property held by partners Gunnar Gold and Mill City Gold. Located in the Northwest Territories, the 7,333- acre property is located near…