Nuinsco on schedule in Cameron project
Following the recommendations of partner Echo Bay Mines, Nuinsco Resources expects to move into the ore zone on its Cameron Lake gold project faster than the company had anticipated. At a cost of $3.6…
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Oasis reaches financing deal
Oasis Resources has reached agreement with Ressources cmp 1987, Ressources cmp 1987 Quebec and Deductible Opportunities Funds 1987 for the financing of the Delta platinum project in northern Quebec. T…
Common sense prevailing as Carolin dumps U.S. firm
It took a while but common sense may have finally prevailed at Carolin Mines where its credibility reached an all-time low after it announced spectacular gold and platinum assays (N.M., Feb 2/87) from…
Toronto Stock Exchange Gold soars higher on skittish U.S. dollar
The disturbing tumble of the U.S. dollar and the failure of the Fed to effectively curtail the free fall by boosting interest rates, continues to fuel the stellar performance of gold bullion. The pric…
Editorial Not a man underground by 2000
The Selbaie mine near Joutel, Que., has just finished installing a computer system that controls the entire milling process. James Lauder, an engineer in charge of the project, told members of the Can…
Exploration work continues at five Syngold projects
Exploration work will continue this year on Syngold Explorations’ gold projects, in particular on the Deka and Owl Creek West properties, and the company is in the market to purchase additional proper…
Alberta Stock Exchange Jascan keeps climbing
Continuing its winning ways this week was Jascan Resources, up $1.20 to $4 on 383,600 shares. It’s negotiating an agreement to become a joint venture partner with an affiliate of United States Borax &…
Financing, listing for Colray Res.
A $2.5-million financing and a listing on the Toronto Stock exchange has assured Colray Resources of adequate funds for a major expansion activity in some of its Canadian projects. The Saskatoon, Sask…
Books in Review New book on gold investing
Looking to make more money from gold investments? You might do worse than read a new book on the subject, The Complete Book of Gold Investing, by Jeffrey A. Nichols. The book is published by Dow Jones…
Montreal Exchange Essor earning option
Closing up 15 cents to 85 cents on a volume of 614,600 shares this week was Essor Exploration, which is earning a 50% interest in gold property in Malartic Twp. from Black Cliff Mines. President Guy M…
Weak U.S. dollar pushes gold to near $500 mark
Hold on to your hats, gold- watchers. The price of the precious metal may be about to make a run at $500(US) per ounce. Trading in the mid-$470 range (almost $650 Cdn) at presstime, gold has seen an a…
Westfield to acquire Chilean gold property
While it will be later this month before the full details are revealed, Westfield Minerals is close to buying into a promising gold-silver property in Chile. Westfield has reached an agreement, in pri…