$4.7 million for Wilanour property
A $4.7 million underground exploration effort has been approved for the Wilanour property near Red Lake, Ont. Partners include Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) with 50%, Wilanour…
News
Alberta Stock Exchange Biron bucks trend
In the last vestiges of a long hot summer, the retail-oriented Alberta Exchange is still waiting for a fall buying spree to pull the market out of its current state of lethargy. Volumes continued to b…
Mining to become a cornerstone of Alaskan economy says report
A state government report on Alaska’s mineral industry concludes that mining will “again become a cornerstone of the state’s economy.” Alaska’s Mineral Industry, 1987, the annual economic summary of m…
People (September 05, 1988)
GEXA GOLD — David E. Lindh appointed chairman of the board. People…
Queries Canada Radium Corp.
While looking around in my father’s attic recently, I found a copy of a 1959 share certificate for 100 shares of Canada Radium Corp. I’m 99% sure that the shares are worthless but I’m curious as to th…
Vancouver Stock Exchange Still slow and sluggish
Patience has become a real (but unwelcome) virtue among Vancouver brokers these days. Placing bets as to exactly when this long-running (since Oct ’87) bear market will end has become a popular pastim…
McAdam Resources aims to be back in business soon
Back in June of this year, McAdam Resources (TSE) discovered that a surface crown pillar over an old, mined-out stope at its McWatters property near here was only about 7 ft thick. Worse still, it fou…
Drilling Planned for Nevada Joint Venture Discovery
A reverse circulation drill program is being planned by joint venture partners, Brican Resources (VSE) and Bow Valley Mining to test a large zone of gold mineralization recently discovered on the 8,00…
Toronto Stock Exchange Base-metal miners lead volume pack
A period of trench warfare has embraced the markets, as stagnant, directionless trading continued for yet another week. A sort of `quiet- before-the-storm’ attitude has affected traders, who remain ca…
Noranda ups stake in Falconbridge
In the market to become the world’s largest diversified resource company, Noranda Inc. (TSE) has emerged with a 19.5% stake in Falconbridge Ltd. (TSE). After weeks of intermittent buying, Noranda stop…
Better gold sales aid Canamax results
An increased level of gold sales enabled Canamax Resources (TSE) to realize an increase in operating earnings from mines in production. However, for the second quarter ended June 30, the company had a…
Montanna tunnels produce gold profits for Pegasus
With its Montana Tunnels project now fully operational, Pegasus Gold (NASDAQ) reported record net earnings for the second quarter of $7 million or 30 cents per share. Those earnings were 63% higher t…