Editorial (November 07, 1988)
A cabinet shuffle not long ago at the federal level eliminated the position of mines minister. If it is, as we hope, only a temporary situation and a new Member of Parliament is to be named to the pos…
News
Dejour, Noble plan major effort in ’89
A second-phase drill program has been completed by partners Dejour Mines (TSE) and Noble Peak Resources (ASE) on their Turquetil gold property. Located 140 miles southwest of Rankin Inlet, N.W.T., the…
Belmoral reports higher income, drop in output
Net income of $1.99 million (5 per share) on revenue of $20.3 million was reported by Belmoral Mines (TSE) for the first nine months of 1988, compared with $436,000 (1 per share) on revenue of $21.5 …
COATS Trading Features (November 07, 1988)
Several issues showed some life on the COATS system this week. Exxeter Resources saw increased volume with over half a million shares traded in the 45 -78 range. The company announced it has acquired…
Spirit Lake contemplates next target at Jacob Twp.
After releasing some of the latest results from its Jacobson Twp. gold property near Wawa, Ont., Spirit Lake Explorations (ME) is in the process of deciding where to begin the next phase of drilling o…
Weak U.S. dollar continues to hit Denison bottom line
While Denison Mines (TSE) plans to increase its uranium output to meet demand in the 1990s the company continues to suffer the effects of a weak in the United States dollar and a further drop in world…
Teck to develop Ajax orebody
Teck Corp. (TSE) has announced plans to develop its Ajax copper-gold deposit near Kamloops, B.C., about six miles from its Afton mill. Theproperty is held by Afton Operating Corp. a 73%-owned subsidia…
Preliminary Ore Reserve Released For Bellavista Project
Results of a preliminary ore reserve and open pit design study undertaken on the Bellavista gold project in Costa Rica were recently released by project operator, Rayrock Yellowknife Resources (TSE). …
Echo Bay To Develop Doc Property in Sulphurets Camp
A major work program under the direction of Echo Bay Mines (TSE) is under way at the Doc property near Stewart, B.C. Earlier this month, the major mining company was granted an option to earn a 50% wo…
Westbank find in Ben Nevis
Westbank Resources (VSE) has discovered a polymetallic showing on its property in Ben Nevis Twp., Ont. The find is located less than a mile from the Peter Roche showing on which a 325-ft shaft was sun…
MinVen faces delay at Gilt Edge mine
Leaching operations have been delayed at MinVen Gold Corp’s (TSE) Gilt Edge mine in South Dakota because of a leakage problem with a leach pad. Seepage was detected in the upper liner of the multiple-…
Vancouver Stock Exchange (November 07, 1988)
Although eastern markets and the Canadian dollar slumped in sympathy with the Tory drop in the polls, the VSE ignored all that and had one the busiest, most exciting trading periods seen here for quit…