Faraway and Equity renew B.C. drilling
A drill program has started on the Sam silver property held by Faraway Gold Mines. The program will follow up results from two mineralized zones which yielded strong silver assays in previous drill pr…
News
News in Brief (November 02, 1987)
Colony Pacific Explorations has changed its transfer agent to Guaranty Trust Co. of Canada.
Metal Prices FUTURES PRICES (November 02, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. — — 81.30 — Dec. 81.35 79.70 80.25 + 5.65 …
Carlson drilling expands zone at Hemlo property (November 02, 1987)
Carlson Mines and partner Black Gregor Explorations have received some encouraging results from exploration at their Hemlo gold property north of Marathon, Ont. Located 12 miles northwest of the Lac-N…
Bureaucrats, academics, miners grapple with automation issue
“Is there anyone here who doubts there will a completely automated mine, somewhere in the world, in the near future?” panel member Ronald Woodbridge asked the 170 attendees of the second Canadian Symp…
Investment Comment Gordex is worth a look
While investors scurry to find a shelter from the recent stock market debacle, gold could still provide a refuge from the recession which analysts say could be just around the corner. Current thinking…
Alberta Stock Exchange Argus bucks trend
Even in the midst of a market downturn, nothing makes investors sit up and take notice like a new gold discovery. That was proven this week when a little-known oil and gas explorer called Argus Resour…
Beaufield acquires option in Kerr bet
An option to earn a 40% interest in Kerr Addison Mines’ Macho- Rouleau property in Urban and Barry twps. in northwestern Quebec has been acquired by Beaufield Resources. Under the terms of the agreeme…
Investors everywhere bewildered as world markets continue in
..Nothing so gives the illusion of intelligence as personal association with large sums of money. John Kenneth Galbraith, Canadian economist With so much wealth erased during the past two weeks as …
Reed possible chromite mine Gateford and Macamic say
Partners Gateford Resources and Macamic Resources expect to have a drill program completed by March, 1988, on their Reed-Belanger chromite property in the Eastern Townships, Que. Macamic must spend $7…
Chesbar to drill at Yeo Twp. bet
Gold values of 0.62 oz gold per ton and 0.31 oz were obtained from grab samples taken to check an earlier set of sampling results from Chesbar Resources’ 8-claim, optioned property in Yeo Twp. in nort…
People (November 02, 1987)
Toronto Stock Exchange — Lorne J. Levy appointed a member governor, succeeding J. Ronald Woods who has resigned.