News


Barrick’s Carlin drill hints at new discovery

Results from a deep drill hole at American Barrick Resources’ Goldstrike mine near Elko, Nev., seem to indicate that the Toronto-based company could be on the verge of another major discovery. As repo…


Cominco International busy with two potential mines

Newly-created Cominco Resources International is making good progress towards its objective of becoming an international mining company. Created in May, 1987 by parent company Cominco Ltd., which hold…


Acadia sees increases in N.S. gold bet tonnage

The gold-bearing structure on the Mooseland property, 75 miles northeast of Halifax, N.S. has been extended and the potential for extending it even further is still very great. Drilling by Toronto-lis…



Investment Comment Falconbridge among lasting values

As the world’s stock markets continue to suffer the aftershocks of the infamous Black Monday, a number of major brokerage houses have published glossy booklets advising investors to keep on buying. “D…



Golden Rule gets interest in La Ronge gold prospect

Golden Rule Resources has a 30% interest in a major new gold discovery located on two contiguous joint venture properties in the La Ronge area of Saskatchewan. During the last month, an initial 5,000-…


No red ink likely on ’87 balance sheet of Eldorado

Saskatchewan uranium producer Eldorado Nuclear could break even for the full year, in sharp contrast with a net loss last year of $64.4 million. For the nine months ended September 30, the company, 10…


Esso results encouraging at Shasta gold prospect

Joint venture partners Esso Minerals Canada and International Shasta Resources report encouraging results from Esso’s l987 exploration work at the Toodoggone gold-silver prospect in northern British C…


Teck and San Paulo to jointventure at Leitch mine

Alberta-listed San Paulo Explorations has announced a $1 million financing through a private placement of 550,000 common shares at approximately $1.82 per share. “These funds will be used for general …



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