Stabell financing
An exploration finance agreement has been signed between Stabell Resources and Sofimines 1987 and Co., Ltd. Partnership whereby Stabell will issue 1.5 million shares at 50 cents per share to Sofimine…
News
COATS Trading Features (January 11, 1988)
An amalgamation between Golden Cresent Explorations and Candore Explorations has been completed. The new company goes under the name of the former. Golden Cresent was 75 cents -$1 bid-ask this week. M…
PRODUCER PRICES (January 11, 1988)
ALUMINUM: MW U.S. Market 87.00 cents -88.00 cents per lb. (Dec 29, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CAD…
Vancouver Stock Exchange Metal stocks in the limelight
There are some positive signs that 1988 could be a good year for metals stocks. Indeed, the stronger Canadian dollar is probably reflecting higher commodity prices, especially copper and nickel. The i…
Editorial Uranium improving the quality of life
Ontario Hydro is proud of its nuclear reactors, and rightfully so. More than one-third of the province’s power is generated by nuclear fuel at a cost that is probably the cheapest in the world. Nuclea…
Metalore loses appeal of Ontex Res. decision
There may be a long way to go, but Ontex Resources has won the first round in a court battle to regain the Brookbank gold property near Beardmore, Ont. from Metalore Resources. Ontex says Justice D.H…
New process recovers gold from tailings
A new process for recovering gold from its ores is being developed by scientists from the bp Research Centre at Sunbury, near London, England. An experimental pilot plant, capable of processing up to …
Sundust, Mill City listed in Montreal
Two junior mining companies, Sundust Resources (symbol suw) of Sherbrooke, Que., and Mill City Gold (symbol mld) of Calgary, were recently listed on the Montreal Exchange. Incorporated in June, 1987, …
Manridge gets financing
Manridge Explorations has completed a financing with Brault, Guy, O’Brien Inc., an investment house, which raised $1.85 million. Of this amount, $1.45 million was raised on a flow-through share basis….
Discovery West ponders Colomac Lake decision
A spokesperson for Johnsby Mines says the company has not decided yet whether it will put up 40% of the financing required to bring the Johnsby Colomac Lake gold property to production. A joint ventur…
Westmin to drill with Eastmain and MSV
A 12,500-ft drilling contract has been let by Westmin Resources which will test several targets on the Westmain project shared with partner Eastmain Resources in Quebec. MSV Resources, which can earn …
Rio bids to buy mine it forfeited 14 months ago
A letter of intent to purchase the East Kemptville tin mine in Nova Scotia from the banking group which provided the original financing for the project has been signed by Rio Algom of Toronto. The tin…