With the Christmas season drawing near, market activity on the VSE has dropped off considerably. The expected seasonal decline and some tax-loss selling impacted on the VSE Index which was off 2.35 po…
Even in a listless market, investors will still respond to the sniff of a significant gold discovery. Bitech Energy has offered plenty of recent evidence that it is on the scent of something interesti…
A new discovery of polymetallic sulphides has been made by Canaustra Gold Exploration (VSE) on the Gull Pond property in the Baie Verte peninsula of Newfoundland. The discovery was the result of back-…
An agreement concluded earlier this month between Rio Algom (TSE) and Teck Corp. (TSE) which would see Lornex Mining (VSE) discontinued as a public company is said to be facing opposition by at least …
Two private placements totalling $1 million have been completed by Aunore Resources (ME) with Middlefield Resource Fund 1988 Ltd. Partnership II. The company says proceeds from the placements (worth $…
Walter Guppy’s book “WetCoast Ventures” (N.M., Dec 5/88) can be ordered directly from him at Box 94, Tofino, B.C. VOR 2Z0. Or you can contact Guppy by phone (when he’s not out prospecting) at 604- 725…
A gold and silver mining project in Chile with proven and probable reserves in excess of five million gold equivalent ounces appears to be on its way into the international property portfolio of minin…
The value of mineral production in Canada (excluding petroleum and natural gas) totalled a record $17.7 billion in 1987, the Mining Association of Canada reports. Of that amount, the value of gold con…
Investors continued to beat on gold equities, dumping shares of companies in all catagories. The index responded to a $4 decline in the price of bullion, which opened at $422.60 on the second London f…
Noranda Inc. (TSE) is taking out a 100-ton surface bulk sample from five test areas on the No 6 and No 8 zones in the Mishibishu Lake area. Located 30 miles west of Wawa, Ont., the property is being e…
Corona Corp. (TSE) has the right to earn a 100% interest in a Newfoundland gold property owned by Varna Gold (ASE). The interest in the Mings Bight project can be earned by paying Varna $360,000 over …
With operations at its Telbel shaft now back to normal and its 32%- owned Dumagami Mines (TSE) subsidiary coming on strongly, Agnico- Eagle Mines’ (TSE) Paul Penna is breathing much easier these days….
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