Revival in works for Hubert Lake
The new owner of Hubert Lake Ungava Nickel Mines has plans to revive the dormant mining company which was chartered in Quebec in 1957. Hubert Lake has been under a cease-trading order since May, 1985,…
News
Exploration underway on Tenquille prospect
Exploration work is progressing at the Tenquille Lake gold-silver prospect north of Pemberton Meadows, B.C., under a joint venture agreement between Tenquille Resources and Ajax Resources. Under the a…
Current strong gold price portends higher inflation (November 16, 1987)
The price of gold has, at various times, been linked to almost everything including political uncertainty, the price of oil and wars. As is typical of any commodity, the price of gold reacts in the sh…
Tap’s U.S. subsidiary in Golden Chest venture
British Columbia-based Tap Resources has entered a joint venture project at its Golden Chest project with Newmont Exploration, Golden Chest Inc. and Viking Resources. Due to B.C. tax laws which allow …
Kerr announces 9-month earnings of $17.9 million
Net income for the first nine months of the year was $17.9 million ($1.03 per share) compared with $2.3 million (13 cents per share) for the same period last year, Kerr Addison Mines reports. The com…
St. Genevieve earmarks $6 million to sink new shaft
A total of $6 million has been set aside by St Genevieve Resources to sink an exploration shaft and do lateral exploration work on the company’s 12-claim Fourax property in Fourniere Twp., near Malart…
Encouraging results released by Maufort
Encouraging results have been released by Maufort Resources from its Tiblemont gold property in northwestern Quebec. Geological surveys, trenching, channel sampling and drilling indicate five differen…
Editorial Mining industry should help sell free trade
The tide of opposition to the Canada/U.S. free trade agreement continues to mount, and we think Canada’s mining industry, which has a good deal to gain from it and a lot to lose if it fails, should be…
Toronto Stock Exchange Modest rebound during week of declines
A modest rebound was recorded today on the Toronto Stock Exchange, following a week long slide which clipped another 90 pts off the composite index during our review week. At the close, the tse compos…
Nexus spends $2.3 million on Toodoggone area property
Approximately $2.3 million has been spent this year by Nexus Resource Corp. on St. Joe Canada’s Silver Pond property in the Toodoggone area of B.C. Results are now available from a 99- hole program in…
David Bell mine helps Teck boost annual earnings
Net earnings (unaudited) of $33.6 million (70 cents per share) on revenues of $203 million were recorded by Teck Corp. for the 1987 fiscal year ending Sept 30. Teck’s fourth-quarter earnings during th…
Alberta Stock Exchange Investors like Argus
It’s two weeks now since Argus Resources revealed its massive sulphide discovery near Contwoyto Lake in the Northwest Territories, but the Argus issue is still attracting considerable investor interes…