Rea Gold drilling Flap claims
Six holes totalling 4,337 ft were drilled by Rea Gold Corp. (TSE) on its 29,500-acre Flap property located 20 miles west of Kelowna in south-central British Columbia. The company said the initial diam…
News
Share swap ratio is proposed by Syngold/Int. Thun.
Toronto affiliates Syngold Exploration (TSE) and International Thunderwood Exploration (TSE) have agreed to a share exchange ratio for a proposed amalgamation of the two companies. Pending shareholder…
Sikaman completes NWT drill program
A diamond drill program was completed recently by Sikaman Gold Resources (TSE) on the company’s Kaminak Lake gold property located 160 km southwest of Rankin Inlet in the Northwest Territories. The co…
Jascan, Atlantic each get another $6 million (US)
The final payday came in for partners Jascan Resources (ASE) and Atlantic Goldfields Inc. (COATS). Each company has received $6 million(US) as the final payment from the sale of their interest in the …
Highwood begins negotiations for Thor Lake beryllium mine
Environmental research and permitting negotiations are under way for Highwood Resources’ (TSE) Thor Lake beryllium project 65 miles southeast of Yellowknife, N.W.T. According to D. G. Thomas, presiden…
Metal Prices FREE MARKET (January 09, 1988)
London Metal Exchange Spot closing prices in $US per tonne, except copper (pounds sterling per tonne) Date Jan 3 Jan 2 Dec 30 Dec 29 Dec 28 Copper 1929-1934 N/A 1875-1877…
First Toronto, Pacvest in amalgamation
A new company, First Toronto Mining (TSE), has been created through the amalgamation of First Toronto Capital and Pacvest Capital. Shareholders of First Toronto will receive one share of the new compa…
Stratmin secures funds for graphite project
A Swiss company, Alpha Securities AG, has agreed to invest $1.5 million in Stratmin Inc. (ME) in return for about 1.4 million A shares of the latter valued at $1.10 per share, Stratmin reports. The su…
Gunsteel aims for 1989 start-up of Nugget project
With permitting and study of a tailings disposal system in progress, Gunsteel Resources (VSE) is currently negotiating financing for the installation of a 100-ton-per-day modular mill to be operationa…
Editorial Inco pays its way
Inco certainly marches to the beat of a different drummer. After declaring a special dividend that will put it $1.5 billion in debt, there were legitimate questions raised about whether the company wa…
Inco plans to spend $500 million to cut acid rain emissions
Inco Ltd. (TSE) has advised the Ontario government that it will spend nearly $500 million over the next five years to reduce sulphur dioxide (SO2) emissions from its Sudbury, Ont., smelter complex. Em…
Vancouver Stock Exchange (January 09, 1988)
When trading finished on the last business day of 1988, the VSE Index closed at 792.72 points, off 31.1% for the year. Unlike the Toronto or Montreal Exchanges, which managed to regain at least some o…