Alberta Stock Exchange Naneco continues climb
Naneco Resources continued to add on to last week’s gains, picking up another 30 cents to $2.30. The company is hoping to make a production decision this year on its Johnson Gulch gold property in So…
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Two additional zones found by Parquet Res.
Two additional gold-bearing zones have been discovered in the current diamond drilling program on Parquet Resources’ 2,000-acre gold property in Courville Twp., in the Val d’Or area of Quebec. The H z…
Sigma cuts 40 ft grading 0.35 gold on Vior property (February 09, 1987)
Hole 73 drilled on Vior Mining Exploration’s Ligneris Twp. property in northwestern Quebec has returned 40 ft grading 0.35 oz gold per ton says President Claude St. Jacques. Other economic values were…
Ronrico involved in platinum play
Ronrico Explorations is losing no time in getting work under way on its extensive interests in the Labrador Trough, the locale of a major new platinum play (N.M., Jan 26/87). For in addition to a dire…
Geologist awarded major Fellowship
Geologist Dr Robert Kerrich, recently appointed to the George McLeod chair in geology at the University of Saskatchewan, Saskatoon, has been awarded the E. W. R. Steacie Memorial Fellowship by the Nat…
Early 1988 production Canamax Ketza R. target
With sufficient oxide reserves for a 5-year mine life, Canamax Resources is completing a feasibility study on its Ketza River project where production could begin in early 1988. Located south of Ross …
Can-Mac drilling high grade veins
Exploration has led to the identification of six gold mineralized zones striking across ground held by Can-Mac Exploration, the company says. The property is located in Davis Twp., east of Sudbury, On…
Greenstrike drilliing Fifteen Mile property
Diamond drilling is under way with a second rig scheduled to arrive on Pan East Resources’ Fifteen Mile Stream gold property in Nova Scotia by operator Greenstrike Gold Corp. The goal of the 3,000-m p…
Hemlo Gold shares flood back to Canada
As much as $20-million worth of stock in Hemlo Gold Mines, one- fifth of the shares sold by Noranda Inc. in Europe, came back to Canada within two days of the initial public offering, estimates one in…
Toronto Stock Exchange Market flexes its muscles and bursts
The composite 300 muscled past the 3,400 barrier with ease this week after tacking on a gain of 93.84 pts to close at 3,448.09. Metals and minerals provided some of the force as that index was up by 1…
COATS Trading Features (February 09, 1987)
The most glamorous gold issue of the decade hit the markets this week. Hemlo Gold Mines, which was issued at $19.25, opened up at $20.63 and closed at $20.75. The issue traded as high as $21 on good v…
Exploration money for Falconbridge
Falconbridge Ltd. says it will raise $13.2 million in flow-through funds to finance Canadian exploration expenditures on the company’s properties this year. Falconbridge says it has an agreement with …