Toronto Stock Exchange (June 27, 1988)
A rush by investors to catch a piece of the summer rally added another 27.02 pts to the composite index today, pushing it to a new post-October 19th high. For the week, the index has gained more than …
Articles by Northern Miner Staff
EDITORIAL Ontario has to move on its Mining Act
Anyone involved in mining in Ontario may owe Charles Stuart a vote of thanks. Stuart is the man who has re-staked the mining claims at Hemlo, Ont., on which the Golden Giant gold mines is built. Stu…
Tundra completes reserve calculation
A reserve calculation has been completed by Tundra Gold Mines (VSE) for a portion of the Lamaque exploration lands near Val d’Or, Que. The property is shared equally between Teck Corp (TSE) and Tundra…
Metal Prices FUTURES PRICES (June 27, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun 111.50 111.50 111.45 + 2.95 Jul 109.50 104.00 …
Montreal Exchange Gold loan for junior
One of the various means of raising money for exploration and development that seems to be growing in popularity is the gold loan. Recent news out of Quebec is that a junior, Nova-Cogesco Resources, h…
Consolidated Professor needs $47 million to bu ild gold mine
A positive feasibility study has been received by Consolidated Professor Mines (TSE) for the company’s 100%-owned Duport gold project. Completed by the consulting firm of Wright Engineers, the report …
Alberta Stock Exchange Dispute lifts Baslen
A controversial ownership dispute over a group of mining claims in the Hemlo, Ont., gold belt has made International Baslen one of the hottest issues in Alberta during recent trading sessions. The fac…
Stewart Lake aims at special graphite market
Graphite may not be as easily marketed as gold, but Stewart Lake Resources (TSE) is confident it will have no trouble selling the product from its graphite deposit near Kingston, Ont., at a price that…
USMX/Pegasus results said to be significant
A joint venture consisting of USMX Inc. (NASDAQ) and Pegasus Gold (NASDAQ) has encountered “potentially significant gold mineralization” on their Winrock and Casino properties in the Alligator Ridge t…
Earlier drilling at Huntington showed lower grade gold values
The highest grade gold values at Huntington Resources’ (VSE) Brett property near Vernon, B.C., appear to occur at a specific elevation; and this may partly explain why several recently announced holes…
COATS Trading Features (June 27, 1988)
South American Goldfields was active this week, moving to 95 cents on volume of 66,500 shares. The company is active exploring for gold in South America. Transgold continued to show strength, remainin…
ATLANTIC REPORT Underground work heats up
In Nova Scotia, an unprecedented number of underground exploration programs are either under way, about to commence or being contemplated for 1988 by eight junior exploration companies and two majors….