Noranda/Int’l. Impala drilling Paquet bet
Three holes have been completed in the diamond drilling program by Noranda Exploration and International Impala on their Bradley Option property on Newfoundland’s Baie Verte Peninsula. The drilling co…
News
Vancouver Stock Exchange Sluggish economy keeps gold down
Lower gold prices are having a very negative impact on the Vancouver market which has still not recovered from the Oct 19 crash. Analysts conclude that forward sales have probably capped gold prices f…
Letters to the Editor Negative column?
Enclosed are copies of a couple of mvp Capital Corp.’s weekly market bulletins by Ian McAvity. Their tables reflect significant market facts for gold investors. These I never would have suspected had …
People (February 08, 1988)
Bralorne Resources — W. F. Limin appointed president and chief executive officer succeeding F. W. Fitzpatrick who is retiring after 17 years with the company.
Armeno on ME
Vancouver-based Armeno Re sources, active in the exploration of mineral claims in Canada and Ecuador and with oil and gas interests in western Canada, was recently listed on the Montreal Exchange. In …
Montreal Exchange: Prices in decline (February 08, 1988)
A falling gold price meant nothing but bad news for resource companies this week, with the mining and minerals index experiencing four consecutive days of decline, including an almost 46-pt drop one d…
Northgate buys 20% interest in Chelsea Res
While the ink is still drying on an agreement to sell its mining arm to a subsidiary of Australia based Western Mining Corp., Northgate Exploration of Toronto has gone shopping. Not content to sit aro…
Lake Ponask drilling
A 15,000-ft diamond drilling program has begun on the 234-claim property held by Lake Ponask Gold Corp. Located in northwestern Ontario, the property is being explored for precious and base metals. Dr…
Letters to the Editor Mascot’s open pit ore grade seems low
The Northern Miner states that Mascot’s Nickel Plate open pit produced 24,000 oz of gold to the end of September, 1987, from 317,000 tons milled (N.M., Jan 25/88). Assuming 87% recovery, this gives an…
Initial reserves encouraging for Better’s Vancouver Island
An active drilling program on Better Resources’ Mt. Washington project on Vancouver Island, B.C., has indicated a healthy reserve potential for the property. Drill-indicated reserves, based on a 0.03-…
Syngold reports good gold values
Significant gold mineralization in two of three drill holes completed in December at the Obalski mine property at Chibougamau, Que., has been reported by Syngold Exploration of Toronto. Hole 87-2, dri…
Barkhor joins BayWest in Yukon gold venture
A joint venture agreement with BayWest Capital Equities has given Barkhor Resources the right to earn a 50% interest in BayWest’s 164-claim Ross River-Faro gold prospect located near Faro in the Yukon…