Editorial Deficits can’t continue
When Brian Mulroney became Prime Minister in 1984 and a Progressive Conservative government was formed, we held great hope that some semblance of fiscal responsibility would follow. It appears we we…
News
Toronto Stock Exchange Lacklustre trading underlies market selloff
Resource issues were unable to buck the sell off today, which saw the tse composite decline 47.8 pts to 3,122.57 pts. Last week’s improved U.S. trade deficit news — which generated a small jump in ma…
Cdn-United Minerals drilling B.C. prospect
A $300,000 exploration program is under way on Canadian-United Minerals’ Firewood polymetallic prospect located 10 miles north of Granisle in central British Columbia. Work will include 5,000 ft of di…
Greater Temagami drilling original copper mine claims
The old Temagami mine property 25 miles south of Ontario’s famed Cobalt silver camp will be getting the once-over by Vancouver-listed Greater Tema gami Mines. The company optioned the property from Te…
Cash-hungry Mingold finds partner
At first glance, the recent marriage of a private Toronto company called Mingold Resources with tse-listed Golden Range Resources looks like any other back- door acquisition agreement. In need of cash…
McAdam updates reserves at its McWatters gold bet
An updated gold reserve figure of 910,869 tons at a grade of 0.189 oz gold per ton is reported by McAdam Resources, at its McWatters project near Noranda, Que. President John McAdam says surface drill…
Vancouver Stock Exchange Stallion is among active traders
The once powerful U.S. dollar, which has been free-falling for months, continues to have a negative impact on stock markets including Vancouver. By presstime the vse index was off a dozen points to 1,…
Ateba uncovers new showing south of Orion at Beardmore
Further encouragement that Ateba Mines has made a significant new gold discovery in McComber Twp. east of Beardmore, Ont., has been reported by General Manager Stephen Wilkinson. Samples have been tak…
Ontario may compensate for loss of flow-through
The Ontario government will be pressuring the federal Finance Department to rescind its plan to weaken flow-through share financing for mineral exploration, the province’s mines minister has announced…
Aber, Hemisphere drill rich sulphides
Partners Aber Resources and Hemisphere Development could have their teeth into an important base and precious metals deposit in the Northwest Territories. Shared equally between both companies, the Su…
Metal Prices FREE MARKET (January 25, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 19 Jan. 18 Jan. 15 Jan. 14 Jan. 13 Copper 1457-1462 1515-1520 1490-1495 1355-1360 1458-1462 Lea…
Diepdaume plans bulk sample test
Having recently opened a 600- ton-per-day custom mill in the Timmins, Ont., area, Diepdaume Mines is looking at a possible production decision this year for its Preston East Dome gold project. Preside…