News in Brief (November 09, 1987)
A merger which would see Royal Apex Silver become part of Coeur d’Alene Mines of Idaho, subject to shareholder and regulatory approval, has been announced. Holders of Royal Apex common stock would rec…
News
Galactic, Cornucopia agree to deep drill Ivanhoe bet
Vancouver-based Galactic Resources and Cornucopia Resources have opted to go ahead with a major deep drilling program at their 100,000-acre Ivanhoe property in Nevada’s Carlin gold trend. The joint ve…
Barrick drilling
Drilling by American Barrick Resources on the Worvest option immediately west of Barrick’s Holt-McDermott gold mine has increased drill-indi cated reserves to more than one million tons grading 0….
COATS Trading Features (November 09, 1987)
At a time when most companies were finding their proposed financings being pulled, one new issue managed to get off the ground. Glencairn Explorations completed a 1.1 million share offering at 32 cent…
Drilling resumes at J.A.G. prospect
Drilling has resumed at the Malartic gold property of J.A.G. Mines in northwestern Quebec, the company reports. The company says its 1986 drilling campaign delineated a mineralized structure along 3,9…
Agassiz releases Lingman results
Toronto-based Agassiz Resources, has released some encouraging drill results from its Lingman Lake joint venture gold property near the Manitoba/Ontario border. As operator of the project which is own…
Pine Point results
Net earnings realized by Pine Point Mines for the 9-month period ended Sept 30, totalled $21.4 million or $4.62 per share. This compares with a net loss of $4.6 million or $1.02 per share realized dur…
Potash Co. loss on low price, closure
In the 9-month period ended Sept 30, Potash Co. of America, Inc. suffered an unaudited loss of $16.3 million, including an extraordinary charge of $3.9 million for shutdown expenses at its Saskatchewa…
MSV share buy nets Kerr two gold plays
An agreement to purchase about a 20% interest in junior-mining company MSV Resources has given Kerr Addison Mines a stake in two promising gold properties in northern Quebec. Kerr and msv have worked …
Supreme Court rejects motion filed by Metalore
An application filed by Metalore Resources to have certificates relating to a claim filed by Ontex Resources against Metalore removed, has been rejected by the Senior Master of the Supreme Court of On…
Letters to the Editor Union leaders hit on freer trade
Big union leaders should be ashamed of how they’re opposing freer trade. Bob White of the autoworkers, Shirley Carr of the clc and Jeff Rose of cupe are all indulging in irresponsible scaremongering o…
Western Canadian busy at Sulphurets
An exploration program has been completed on the Kerr property owned by Western Canadian Mining Corp. The program of drilling, trenching and geochemical surveys outlined three target areas which will …