VSE breaks records for half-year
The first half of 1987 was a record-breaking period for the Vancouver Stock Exchange. Trading volume was 2.6 billion shares, up 49% from last year, and the volume was the highest half-year total ever …
News
Scotia Prime gearing up to drill
Scotia Prime Resources Inc, wholly-owned by ase-listed Petroco, is in the midst of a $1.6- million financing for exploration work on two gold properties in Nova Scotia. President Graig K. Millar, a lo…
Goldbrae active
Exploration work has commenced at Goldbrae Developments’ Tartan Lake property in northern Manitoba. The initial program will include soil sampling, geological mapping, prospecting, hand trenching, and…
METAL MARKETS Metal Snips (July 27, 1987)
Diamond sales during the first six months of 1987 were 28% above sales for the same period last year, the Central Selling Organization of De Beers Consolidated Mines reports. Sales of rough stones tot…
Drilling started at Dubuisson bet
An $800,000 exploration program has been started on gold property in Dubuisson Twp. in northwestern Quebec, the president of Goldstack Resources, Herve Drolet, reports. The drilling is being undertake…
Books (July 27, 1987)
The Fifth International Wollaston Basin Symposium Proceedings edited by C.G. Carlson and J.E. Christopher. Contains 25 full length papers and 4 abstracts. Softbound $43.50(C) ISBN 0-921547-17-X; Har…
Lac earnings improve on higher prices and output
A combination of stronger gold prices and increased gold production has enabled Lac Minerals to chalk up an impressive quarter. For the second quarter ended June 30, the company realized total earning…
Cominco steps up pace of property evaluation
Turning a supertanker around in a narrow channel is tricky business. Sometimes you have to come to a full halt to change direction, an analogy that probably applied to Cominco before it was taken over…
Jascan to drill Cobalt silver bet
Some encouraging results have been received from Toronto-based Jascan Resources’ underground exploration program at its 70%- owned Pansilver joint venture project in Cobalt, Ont. According to Presiden…
Northumberland confident N.B. mine will be approved
Geologist William Young is confident his company, Northumberland Mines will give New Brunswick its first, albeit small, full- fledged precious metals mine within a year. The provincial government has …
Nevada Goldfields opens new mill
Its Kingston mill having been commissioned in March, Vancouver-based Nevada Goldfields shipped about 1,100 oz gold during that month, the company reports. Nevada Goldfield’s new mill is a 500-ton-per-…
General News and Comments Female professionals do best in Nova
Women still make up less than one per cent of the workforce in the Nova Scotia mining industry, although they are slowly becoming more involved, Cape Breton Development Corp. coal geologist Heather Ma…