Montreal Exchange Northgate-Audrey deal
In a week of mixed trading highlighted by a flareup of fighting in the Persian Gulf involving Iran and the U.S. and a small rise in the gold price, the Montreal Exchange’s general market portfolio ind…
News
Shareholders approve fundamental changes to Equity Preservation
Shareholders of Equity Preservation Corp. overwhelmingly approved a management proposal to change the closed- end investment firm into an operating exploration company at a special meeting. Legal chal…
New zone uncovered by Val d’Or, Abcourt
A new gold-bearing zone in the northern part of the Vendome property located 30 miles north of Val d’Or, Que., and three miles west of Barraute, has been discovered by Val d’Or Resources (ME) and Abco…
Drill results encourage Aster at dolomite bet
A band of high quality dolomite with a maximum of 1% silica impurities and a minimum whiteness of 88.5% (meeting the company’s standards) has been uncovered by Aster Exploration (ME) at its Portage-du…
Noranda’s Yukon drilling extends potential
Two drill holes have extended the strike potential in the Main zone at the Grew Creek gold discovery near Faro, Yukon. Noranda Exploration is operator for a joint venture which includes Golden Nevada …
Active staking in northern New Brunswick
Mining claim staking in northern New Brunswick has been active recently, says the New Brunswick Prospectors and Developers Association (NBPDA). Approximately 1,100 claims have been recorded along a fa…
SMDC has record profit from uranium production
Record uranium production combined with lower debt charges and interest rates are the main reasons behind the record earnings of $60.3 million realized by Saskatchewan Mining Development Corp. For the…
Belmoral reports increased income
Net income of $2.25 million (6 cents per share) was reported by Belmoral Mines (TSE) for the first quarter of 1988, compared with $1 million (4 cents per share) for the same period last year. Revenues…
News in Brief (April 25, 1988)
Nu Pacific Resources has amalgamated into Iron Lady Resources Inc. (IRD:VSE). Shareholders of Nu Pacific receive 1-new-for-3-old shares; shareholders of Iron Lady receive share-for-share.
Messeguay confirms earlier results
A second assay has confirmed earlier published results from the Launay-Privat gold property situated about 30 miles northeast of Rouyn-Noranda, Que., Messeguay Mines (ME) reports. Hole ML-87-75 return…
Alberta Stock Exchange Casamiro climbs
An expected resumption of operations at the Sherwood mine gold property in the Strathcona area of Vancouver Island has given a spring boost to the Casamiro Resources issue. Trading on 333,100 shares i…
Energex starts Nevada drilling
A 4,000-ft reverse circulation drilling program is commencing at Energex Minerals’ (VSE) and Geostar Mining’s Gold Springs project located 150 miles northeast of Las Vegas on the Nevada-Utah border. B…