X-Cal drilling (May 18, 1987)
A percussion drilling program is planned to start this month, X-Cal Resources says. The work will be performed on the company’s Tyax property in the Bridge River- Bralorne area of B.C. Previous work o…
News
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (May 18, 1987)
Date May 12 May 11 May 8 May 7 May 6 Gold London Bullion Dealers afternoon (morning) $US per oz. 460.70(460.25) 453.00(454.75) 453.00(456.70) 456.25(457.40) 456.25(456.7…
Busy year for Tandem Resources
“Dramatic and positive changes in the company’s affairs have taken place during the past year and it is expected that this trend will continue this year with the company heavily involved in a number o…
Pencrude to earn interest in claims held by Interquest
A letter of intent under which Pencrude Resources will be able to earn a 50% working interest in 257 claims held by Interquest Resources in the Moss Twp.-Powell Lake area of northern Ontario has been …
Inspiration turns ’86 profit; moving into gold production
In the red since its reorganization in 1983, Inspiration Resources of New York has reported a net profit of $38 million for 1986, compared to a net loss of $291 million for the year before. Inspiratio…
Geddes well advanced on Windy Craggy adit
Geddes Resources is well ahead of schedule in its work on a 5,500-ft adit to explore the gold zone of the sulphide deposit at its big Windy Craggy copper-gold-cobalt-zinc project, in northwestern B.C….
Noramex explores Nevada gold bet
Noramex Minerals says a $200,000 exploration program is under way at its Bunce gold project near Lovelock, Nev. The work is being funded by Calvada Resources which can earn a 60% interest for $1.6 mil…
Alberta Stock Exchange Jascan hits year’s high
The most active mining stock on the Alberta Exchange this week was Jascan Resources, up 10 cents to $2.80, a high for the year, on 1,225,100 shares. Jascan, which is indirectly associated with the mi…
Vancouver Stock Exchange Consolidation phase blues
The market has entered a consolidation phase which is not surprising given the incredible momentum it’s shown in recent months. This is actually quite normal for this time of year because companies ar…
Sunrise gold property optioned to Noranda (head)
Sunrise Metals Corp. (vse) has optioned its Mayfair gold property in the Atikokan-Fort Frances area of northwestern Ontario to Noranda Exploration Co. Under the terms of the agreement, Noranda can ear…
Goldpost expects to raise $4.4 million
Share prices of Toronto-listed Goldpost Resources jumped from $1.60 to a new high of $2.75 last week, one week before the company’s Class B warrants become due. Asked for an explanation at the company…
Canadian postal dispute?
There is a possibility of a dispute in the Canadian postal service within the next few weeks, which would disrupt mail service. Should this happen, subscribers in Toronto, Montreal and Vancouver may o…