The 1987 Coal Review DEVCO
The Cape Breton Development Corp. (DEVCO), a federal Crown corporation created in 1967, is eastern Canada’s major coal producer. DEVCO operates three submarine coal mines, including the new Phalen Col…
News
The 1987 Coal Review QUINTETTE
Quintette Coal is located near Tumbler Ridge in northeastern British Columbia. It has long-term contracts for the supply of five million tonnes per year (plus or minus 5%) of high-quality metallurgica…
Vancouver Stock Exchange Trading activity remains mixed
Trading activity in Vancouver has been mixed for the past week, reflecting in part weaker gold prices and the stronger U.S. dollar. At presstime the market index stood at 1,159.6, down marginally from…
Oliver ups interest in Fairview gold bet
A $400,000 exploration program by Oliver Gold will earn that company an 80% interest in Cominco’s Fairview gold property near Oliver in south central British Columbia. The company first obtained 40% o…
Kewagama financing
A private placement agreement has been arranged between Kewag ama Gold Mines and a private investor who is also a company director. The company will issue a maximum of 250,000 common shares and a mini…
Yukon gold show
The Klondike Placer Miners Association, along with the Dawson City Chamber of Commerce, is sponsoring a Gold Show in Dawson City, Yukon, on May 27-28. The Association says the event will be a comprehe…
People (January 25, 1988)
Pacific Concord — Peter Simon, Richard Vogel and James Wright appointed directors.
Gunnar drill program
A 10,000-ft drilling program has started on the Courageous Lake property held by partners Gunnar Gold and Mill City Gold. Located in the Northwest Territories, the 7,333- acre property is located near…
Drilling by X-Cal
X-Cal Resources (xcl:tse) has commenced a winter diamond drilling program on its Snowbird property near Fort St. James, B.C. The program will continue for approximately five weeks. Current plans call …
Shabu share trading still subject of RCMP probe
Nearly eight months after Shabu Gold Mines ceased trading on the Alberta Stock Exchange, the company’s irregular trading pattern is still being investigated by the rcmp. While a spokesman for the rcmp…
Micham goes underground
An underground work program has started on the Madoc, Ont., gold property held under option by Micham Exploration. The $2.3-million program will include a 1,000-ft- long decline ramp extending to a de…
Canada’s mineral output surges ahead 11% in 1987
Each of nine metallic minerals included in an estimate of 1987 mineral output in Canada by the federal department of Energy, Mines and Resources showed an increase in volume of output during the year….