Royex, Galveston deal
Another paper shuffle within the Royex Gold Mining group has resulted in a 13.36% interest in Royex Gold being sold to Galveston Resources. Consideration for the deal is Galveston’s 1.13 million PezCo…
News
Metal Prices FREE MARKET (December 14, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 8 Dec. 7 Dec. 4 Dec. 3 Dec. 2 Copper 1490-1493 1440-1445 N/A 1475-1480 1490-1500 Lead …
Dolphin financing
A private placement has been arranged between Dolphin Explorations of Vancouver and cmp 1987 Resource Partnership and Co., Limited II, whereby Dolphin will receive $1 million in exploration financing …
Western Canadian excited by results
More than $1.5 million of a $1.75-million exploration budget this year was spent by Western Canadian Mining on its Kerr and Goosan properties in northwestern B.C., and results have been exciting. High…
Greenland deposit excites Danish firm
Danish firm Carl Nielsen reports two years of field and laboratory work has proven up more than three million tons of ore in a zirconium- rare earth elements deposit in southwest Greenland. The compan…
COATS Trading Features (December 14, 1987)
The weak activity on the main Canadian markets is also being reflected on coats. For the month of November, the average daily dollar value plummeted to an all time low of $1 million. Last May, that wa…
Noble Peak drill results encourage at Weasel play
Positive drill results have been received by Noble Peak Resources from the company’s Sandhill- Weasel sector of the Happy Lake project, shareholders learned at the company’s annual meeting. The projec…
Consolidated TVX reports first ever quarterly profit
Consolidated TVX Mining has reported its first quarterly profit, the Toronto-based company said recently. During the three months ended Sept 30, Brazil’s second largest gold producer reported net earn…
Cominco back into gold
Describing the calculation as “fairly conservative,” Cominco Ltd. President Robert Hallbauer says he is “pretty enthusiastic” about the reserve inventory established for the company’s snip property in…
Brohn, MFC discuss merger
A merger is being discussed by Brohm Resources and MFC Mining. According to Brohm President Wayne D. McClay the share exchange would be three mfc shares for two Brohm, subject to a fairness opinion fr…
Underground program begins at Maude Lake gold property
A $2.6-million underground exploration program has begun at the Maude Lake gold property, near Matheson, Ont. Work is being carried out under a joint venture between Equinox Resources, Technigen Corp…
Euro-Nevada acquires land position at Newmont mines
Euro-Nevada Mining has completed what it hopes will be the first in a series of royalty acquisitions in the Carlin gold trend near Elko, Nev., The Northern Miner has learned. The Toronto company has a…