Cove renegotiates flow-through funding
Cove Energy Corp. says it has renegotiated a flow-through share financing with First Exploration Fund 1987 and Co., Ltd. Partnership, doubling the amount of the original funding. President Richard McR…
News
Nortek gets option on Shenandoah play
Nortek Minerals has acquired an option on a gold property south of Kirkland Lake, Ont. The company has the right to earn a 50% interest in the claims by spending $1 million on exploration. The 3,000-a…
Metal Prices FREE MARKET London Metal Exchange (August 24, 1987)
Spot closing prices in Pound Sterling per tonne Copper 1103-1104 1112-1113 1098-1099 1104-1105 1125-1126 Lead 413-414 424-425 421-424 419-420 424.5-425 Zinc 492-494 506.5-507 506-508…
Alberta Stock Exchange Record trading
A record breaking seven-month period, has witnessed volumes of 424,819,000 shares changing hands, the Alberta Stock Exchange has reported. That compares a record 369,367,000 shares during the same per…
$4m program is planned
Encouraged by the sharp upturn in silver prices from last year’s average year low of $5.47(US) per ounce, Silver Century Explorations is gearing for a major $4 million underground exploration program …
Metal Markets Production moves in line with demand
Higher metals and other commodity prices will produce a major turnaround in corporate profits in key resource sectors, benefiting nicely the Canadian economy, Scotiabank reports in a commodity market …
Centurion awaits results of San Juan placer study
Centurion Minerals is confident that a final feasibility study at its San Juan placer project 70 miles northeast of Sacramento, Calif. will recommend both increased production and an extended mine lif…
Messeguay joins in search for Cape Smith platinum
A third partner has joined the Delta platinum project in northern Quebec. Messeguay Mines has signed an agreement with Oasis Resources and Falconbridge Ltd. that allows it to acquire a 15% interest in…
THE EDITORIAL PAGE Tax reform no friend to entrepreneurs
The reality of Finance Minister Michael Wilson’s long-vaunted proposed overhaul of the whole federal tax system, with its promise of simplicity, fairness and “revenue neutral” is starting to hit home….
Troymin begins field operations at La Ronge bets
Field operations are under way on two properties in Saskatchewan’s La Ronge gold belt where Troymin Resources is earning a 50% interest from Saskatchewan Mining and Development Corp., Troymin reports….
Ramp started at Moss Twp.
Work has begun on a ramp at the Moss Twp. gold property in northwestern Ontario being explored by Storimin Exploration and Tandem Resources. The ramp will give access to planned exploration drifts at …
Inco exposure to gold increased with new firm
In an effort to increase its exposure to gold, Inco Ltd. is spinning off its gold assets into a new vehicle known as Inco Gold. The company, which will initially remain 100%- controlled by Inco, forec…