New Freewest claims
Twenty-five claims in Benoit Twp. in northwestern Quebec have been acquired from Louis-Paul Dionne, Freewest Resources (ME) reports. The company also says it has entered into an option agreement with …
News
Gold Vessel offering
A preliminary prospectus has been filed across Canada by Gold Vessel Resources (ASE) relating to the issuance of a maximum of 50,000 units (worth up to $50 million), each unit comprising one partnersh…
Metal Prices FREE MARKET (June 13, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 7 June 6 June 3 June 2 June 1 Copper 1498-1503 1458-1460 1535-1540 1440-1450 1365-1370 Lead 372- 374 …
Mishibishu is hotter area that ever
Hemlo Gold Mines (TSE), which is heavily involved in the promising Misibishu area of northwestern Ontario, reports it has an agreement with Caribbean Resources (VSE) and Exmar Resources(VSE) for the e…
Agreement on coal research
The action committee on Western Canadian Low- Sulphur Coal has endorsed recommendations calling for government support for the development of technologies to enhance the competitiveness of western coa…
COATS Trading Features (June 13, 1988)
Several issues made gains on COATS this week. Wye Resources traded almost 100,000 share to close at a high of 80 cents . A new president has been appointed to run the company. Also, encouraging result…
Starrex has profit
Earnings for the 3-month period ended March 31 totalled $179,000 or 4.4 cents per share, Starrex Mining Corp. (TSE) reports. The profit was generated by gold futures hedging of production from the St…
Despite terrain problems, Casa Berardi still humming
One of the most difficult exploration terrains in Canada continues to attract exploration dollars. Stretching for 60 miles from the Ontario border to Joutel, Que., the Casa Berardi area remains staked…
Tyler/Stockmen share exchange
Stockmen Minerals (ASDE) has entered into a share exchange agreement with Tyler Resources Inc. (TSE) whereby Tyler will become the majority shareholder of Stockmen. Diamond drilling has commenced on t…
Gold fever of the 1800s alive in Australia today
The discovery of gold in Australia, which was greeted with great excitement and frenzied activity almost 140 years ago, changed the face and destiny of a very young nation. It was arguably the most im…
Messeguay results
Further encouraging results have been reported by Messeguay Mines (ME) from its Launay-Privat gold property located northeast of Rouyn-Noranda, Que. The company says hole ML-88-1 (located 200 ft south…
Mining industry thrown an unexpected lifeline by Ottawa
If mining observers were staring into their crystal balls last October and predicting the demise of many junior sector companies, some recent developments are forcing the pessimists to take another lo…