Aber moves second rig into Sunrise
Exploration work is being accelerated at the Sunrise Lake project of Aber Resources (VSE) and Hemisphere Development Corp. (VSE) in the Northwest Territories. A second drill has been added to outline …
News
Deepening of shaft to start in June at Broulan project
A start was to have been made on deepening the shaft to 3,500 ft from the present bottom level of 2,500 ft at Broulan Resources’ (TSE) main property in the Timmins area of Ontario, where Belmoral Mine…
Normabec on ME
Junior-mining company Normabec Resources of Rouyn-Noranda, Que., was recently listed for trading on the Montreal Exchange (symbol NMB). The company owns eight properties in a number of Quebec township…
OSC paves way for Falconbridge to buy back stock
Falconbridge Ltd. (TSE) wasted no time in getting in its final bid to Placer Dome (TSE) to buy back the 24.9% stake Placer holds in the big nickel company. Having successfully obtained Ontario Securit…
News in Brief (July 04, 1988)
West Delta Resources has changed its name to International Delta Resources Ltd. (IDQ:VSE) on a 1-new-for-3-old share basis.
Jilbey options two big blocks
Alberta-listed Jilbey Industries has acquired an option to earn a 50% interest in two large blocks of gold exploration claims: one in the Larder Lake and one in Sudbury area of northern Ontario. The 2…
Pine Point raises interest in Cominco’s Polaris mine
With zinc prices at record levels, Pine Point Mines (TSE) has exercised its option to purchase a further 12% interest in Cominco Ltd.’s (TSE ) Polaris mine. Located on Little Cornwallis Island in the …
Zinc stronger on increased demand
Labor troubles and a higher demand by the automobile industry are among the reasons given for the rise in the price of zinc to dizzying levels. The base metal, which last year averaged 36 cents (US) p…
Letter to the Editor VSE computerized trading
We refer to your June 13 issue on Junior Mining, and the article “VSE: Top Junior Resource Market Still Setting Records.” We were pleased to have the opportunity to bring your readers up-to-date on th…
Camreco in feasibility stage at elusive Goldlund gold bet
Toronto-based Camreco Inc. (TSE) says it is taking a very conservative approach to exploration at the Goldlund property near Dryden, Ont., where production could resume later this year. The former gol…
Kleenex not needed at Metall meeting
With copper production underway at the Ok Tedi mine in Papua New Guinea, and a couple of new gold and base metal mines in the pipeline, there was little danger than shareholders at Metall Mining’s (TS…
Grab Samples (July 04, 1988)
In an embarrasing move to Banque IndoSuez, the convertible debenture kings of Canadian mining finance, the Swiss National Bank has killed IndoSuez’s latest bond deal. Client Galactic Resources, via Ga…