People (January 25, 1988)
Pacific Concord — Peter Simon, Richard Vogel and James Wright appointed directors.
News
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…
Montreal Exchange Heavy trading in Abitibi
Volume leader on the Montreal Exchange this week was Abitibi Metals Mines. It was heavily traded with 1,444,100 shares changing hands. Abitibi closed at 22 cents for a gain of 3 cents or 16% on the …
Queries Cornucopia Res. hasn’t changed its name
When I sold 400 shares of Cornucopia Resources recently, I was informed by my broker that this company is now Valley View Gold. While the shares of Cornucopia are listed in Vancouver and Valley View…
Hemlo puts Corona in the black
Increased gold production both from the David Bell mine and the still-disputed Williams mine at Hemlo helped put International Corona Resources well into the black for the year ended Sept 30, 1987. Th…
Denison profit boost mainly due to oil, gas
Profit of Denison Mines, before extraordinary, unusual and other nonrecurring items, climbed 45% in 1987 over the previous year, and the company credits its expanding oil and gas division for the shar…
Lencourt options Glencairn prospect
A memorandum of agreement has been signed by two Toronto- based companies, Lencourt Ltd. and Glencairn Explorations, whereby Lencourt may earn a 51% interest in the latter’s Goodfish gold property at …