News

A new issue, Transgold Resources, was the volume leader on coats this week. After trading more than 320,000 shares, the issue advanced from its issue price of 45 cents to a high of 80 cents . With l…

Encouraged by initial drill results, Calgary-based Parklane Technologies plans a bulk sampling test at its Hillsborough gold prospect near Beardmore in northern Ontario. Parklane has an option to earn…

Colray Resources has completed an airborne geophysical survey program on four of its large blocks covering some 25,000 acres in the La Ronge gold belt area in northern Saskatchewan. W. J. Pearson, the…

A local consulting engineer, Ronald B. Stokes, is organizing a safari to Australia which won’t require a rifle. However, a “riffled” sluice box might help because the safari is for gem collectors and …

Result of a 5,765-ft reverse circulation drill program are encouraging for Interaction Resources on its Fireball Ridge gold bet, near Reno, Nev. The company completed 20 holes at a cost of about $70,0…

As holder of 100 Bethex Exploration shares, I notice that this company has not traded for some years. It is rumored that Bethex was absorbed by another company and new shares issued. Could you let me …

An excellent fourth quarter helped Noranda Inc. boost its 1987 earnings almost eight times compared with the previous year. The metals giant reported earnings for 1987 of $343.5 million ($2.14 per sha…

It might take a while before Golden North Resource Corp.’s Canty mine property in the Hedley area of British Columbia is developed by Mascot Gold Mines, but things could be different for the historic …

With production scheduled for mid-1989, Minnova Inc. has begun in-fill drilling on its Samatosum silver deposit, northeast of Kamloops, B.C. The company has a 70% interest in the deposit and Rea Gold …

With further financing firmed and three separate gold exploration deals in place, all with with major companies, the current year should be another active and interesting one for San Paulo Exploration…

Vancouver-listed Golden Hat Resources recently completed a limited drill program at the Dunkin property in the Narrow Lake area, 45 miles northeast of Red Lake, Ont., the company said recently. Accord…

The significance of gold in the reserves held by central banks is often overlooked. This may be because these gold bullion holdings are often included in official statistics at artificially low valuat…