Cal Graphite is set to start graphite output
A $7.5-million financing is in place and regulatory approvals have been obtained by Cal Graphite Corp. of Lively, Ont., to bring its big graphite deposit at Granite Lake, 155 miles north of Toronto, i…
News
Toronto Stock Exchange Profit taking terminates market winning
What initially appeared to be the start of another record breaking week on the Toronto Stock Exchange, has turned into a week of profit taking. Following a record high of 4,112.86 pts early in our rev…
COATS Trading Features (August 24, 1987)
Grandad Resources continued its winning streak on the COATS system trading more than 600,000 shares for the week. The issue hit a new high of $2.15 before settling back. Last week, the company announc…
First Exploration Fund goes public under new name
The 2,534 investors who bought units of First Exploration Fund last year are now the proud shareholders of Equity Preservation Corp. Trading publicly for the first time this week on the Montreal, Toro…
Freewest option
A program of linecutting, geological mapping and geophysics is due to start immediately on a platinum- palladium property optioned by Freewest Resources in the Red Horse Lake area of northwestern Onta…
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…
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…