News

Although a New York brokerage house has not included Galactic Resources on its recommended list, it says Galactic’s four major properties are interesting vehicles for those investors willing to bear p…

What really happened on Oct 19? What caused the sharpest stock market decline in history and could it happen again? How much insider trading occurred? Who gained, who lost? Should we even care conside…

A joint-venture agreement involving the Wapiyao Lake and Bing Lake properties in the La Ronge gold belt of northern Saskatchewan has been entered into by Silvera Resources and Placer Dome. The agreeme…

Canadian Explosives Distributors Association — Rene Mass elected president for 1987-88.

American Barrick Resources reports net income of $11.7 million or 34 cents per share on revenue of $83 million for the first nine months of 1987 compared with net income of $11.4 million or 28 cents …

Alberta-listed Green Diamond Oil Corp. has acquired a 1,500-ac claim group in the southeast corner of Destor Twp. in the Rouyn- Noranda, Que. region. Accessible by road, the property is located 22 mil…

Results continue to be encouraging from the 11,000-ft drilling program of Gunnar Gold and Mill City Gold on their joint venture Tyranite gold mine property near Gowganda in northern Ontario, the compa…

Equinox Resources has entered into an agreement with Technigen Corp., giving Technigen a right to acquire up to 40% of Equinox’s interest in the Maude Lake gold property in Ontario. Under a joint vent…

Construction of its Murray/ Brook gold and silver mine in New Brunswick could begin as early as May of next year, says the president of Northumberland Mines. Dr William Young says, thanks in part to f…

Drilling has commenced at Galveston Resources’ Murphy Lake mine in the Wawa area of Ontario. A minimum 20,000 ft of drilling is planned to block out reserves on the east and west zones. The first dril…

Central Crude Resources has completed an agreement with Joutel Resources giving the former company the right to earn a 50% interest in Joutel’s Blue Quartz gold property. Located near Matheson, Ont., …

It was a rough week on markets around the world and Vancouver, although heavily weighted with junior resource stocks, was not spared. The market index closed at 1,158 points, down 313 points or 21% ov…