NO HEADLINE (June 22, 1987)
TEXT:…
News
Essor plans to explore Black Cliff property
Exploration Essor of Rouyn, Que., will begin a major underground exploration program in July on Black Cliff Mine’s Malartic Twp. property in northwestern Quebec. Exploration Essor has an option to ear…
Vancouver Stock Exchange Rae continues to benefit from find
Still feeling the positive effects of the polymetallic mineral find by Minnova Inc. on its Adams Lake property near Kamloops, B.C., Rea Gold closed up 25 cents to $5.38 this week on a volume of 816,6…
Trois-Dimensions completes program
A $450,000, 4-month work program on property in each of Laberge and Desboues twps. in northwestern Quebec has been completed by Explorations Trois- Dimensions. The program consisted of geophysical sur…
Montreal Exchange Market takeover talk
A couple of takeover bids, one confirmed and the other a rumor, highlight activity this week on the Montreal Exchange, where the mining and minerals index has been in decline and trading in general ha…
Cassiar faces decision in asbestos deposit
The decision by Cassiar Mining to either develop its McDame asbestos deposit or terminate operations completely by mid-1991 will have to be made this year. James C. O’Rourke, president, also told the …
Cash flow from Zeballos seen soon
Cash flow is expected this summer from New Privateer Mines’ Zeballos gold property on Vancouver Island. In the annual report Harvey H. Cohen, president, says that initial mill feed will be taken from …
Toronto Stock Exchange Gold shares continue downward correction
Although the tse composite index advanced sharply by 21.99 pts today to 3,719.11 pts, golds continued to decline losing more than 114 pts to 7,935.12. Good news however, is that gold bullion prices ar…
Muscocho reports high gold values at Magino bet
Three raises being driven from the 200-ft level in the West zone at the Magino joint venture gold project in northern Ontario are returning some high gold values, project manager Muscocho Explorations…
Fleck Resources signs Marathon property deal
Vancouver-based Fleck Resources recently agreed to participate in a number of Ireland and Canada-based joint ventures which could add to its reserves of gold and platinum. In the first of three agreem…
NovaGold raises $2.75 million for work on N.S. gold property
Another gold exploration company in Nova Scotia appears to be headed for an underground exploration program. Soon-to-be-listed (on the tse) NovaGold Resources Inc. says a $6.6-million program is recom…
Dickenson strilers resume contract talks
Negotiations between representatives of Toronto-based Dickenson Mines’ and striking employees at the company’s Red Lake, Ont., gold mine have resumed. After rejecting a revised company offer of a thre…