Belmoral reports 9-month income of $436,000
A net income of $436,000 (1 cents per share) has been reported by Belmoral Mines for the first nine months of 1987, compared to a loss of $410,000 (2 cents per share) for the same period last year. R…
News
Marker, Varna unite as Varna Gold Inc.
Calgary-based Marker Resources has merged with Varna Resources to form a new amalgamated corporation called Varna Gold Inc. The new company will hold working interests in approximately 400,000 net acr…
Perron gears Sleeping Giant for early ’88 production
Output of 50,000 oz gold is expected during each of the first two years of operation of Perron Gold Mines’ Sleeping Giant mine in northwestern Quebec which is expected to go into production early in 1…
Energex finishes Toodoggone work
The $2.3-million exploration program on Energex Minerals’ Toodoggone area property in northern B.C. has been completed. A month ago the company raised another $300,000 (flow- through) to extend the pr…
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 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…