Dophin successful in Newfoundland
A successful drill program for gold zone extensions on its Cape Ray project on the south coast of Newfoundland has been completed by Dolphin Explorations. The two most significant intersections in the…
News
Sherritt writes off Ruttan copper mine
Due to depressed base metal prices, Sherritt Gordon Mines is writing off $24.6 million, which represents the carrying value of the company’s Ruttan mine in Manitoba. At present prices, Sherritt says t…
Mining Recorder, claims inspectors in northern Ontario
Three new appointments to deal with the increasing volume of claims and claims inspection work in the Timmins-Kirkland Lake area of Ontario, have been made by the province’s Ministry of Northern Devel…
Nevada Goldfields contracts for new mill
A contract has been let for the construction of a 500-ton-per-day carbon-in-leach mill facility by Nevada Goldfields Corp. The mill is expected to start processing ore from Nevada’s Kingston mine in N…
Control of Interstrat passing to U.S. firm
Control of Interstrat Resources will pass to a private Texas-based company pending the completion of a deal between Interstrat and Frontier International. The deal involves a share exchange of both co…
Royex raises $15 million
Royex Gold Mining Corp. reports that arrangements have been made to fund mineral exploration during 1987 by a placement of flow- through common shares to CMP 1987 Resource Partnership and Company Ltd….
Montreal Exchange Yorbeau trades heavily
The most active issue on the Montreal Exchange this short holiday week was Yorbeau Resources, unchanged at 70 cents on 425,600 shares. Company officials said they knew of no reason why the stock had …
Vancouver Stock Exchange Indecision keynote for year-end
The end of a calendar year and the beginning of a new one are generally indecisive times for stock markets, Vancouver being no exception. Trading activity has been slow with Tangent Oil and Gas and Sk…
Tax Angles Flow-through must be retained
In a recent address to the Canadian Tax Foundation, the minister of finance, Michael Wilson, alluded to a proposed general curtailment of tax preferences that enable some high income earners to reduce…
MacMillan, Granges find gold values west of gold zone
Gold-bearing mineralization has been discovered in two anomaly- testing diamond drill holes located 4,500 ft west of a gold zone being developed at the Granges Exploration and MacMillan Energy Corp.’s…
Toronto Stock Exchange Golds strong as market bids 1986 a firm
The market ends the year on a firm and upbeat note, despite the quiet post-Christmas trading. At noon the widely-followed composite 300 was up 3.15 pts to 3048.28, a 5% improvement over the 2,900.60- …
Problem-plagued deposit purchased by Aussie firm
Claiming a coup, East West Minerals N.L., an Australian-based junior mining company, has purchased the Caribou base metals deposit located 30 miles west of Bathurst, N.B. The deposit was purchased for…