Canada Tungsten options X-Cal bets
Canada Tungsten Mining Corp. has optioned two properties from X-Cal Resources in B.C. On the Tyax property, Canada Tungsten can earn 50% of X-Cal’s interest by spending $1 million over a 3-year period…
News
Canamax cuts high grade at Ketza River project
Several rich intersections have been pulled by Canamax Resources from the Break zone on the Ketza River gold property in B.C. Pacific Trans-Ocean Resources shares the property equally with Canamax. Ho…
Galactic, Cornucopia agree to deep drill Ivanhoe bet
Vancouver-based Galactic Resources and Cornucopia Resources have opted to go ahead with a major deep drilling program at their 100,000-acre Ivanhoe property in Nevada’s Carlin gold trend. The joint ve…
Mono Gold seeks gold bet interest
Mono Gold Mines reports it has an agreement with Micham Exploration under which Micham can earn a 51% interest in Mono’s Bannockburn gold property near Madoc, Ont. Under the terms of the agreement, Mi…
Turner succeeds Albino as Rio Algom chairman
George Albino is no longer the chairman and chief executive officer of Toronto-based Rio Algom Ltd. After 23 years with the company, Canada’s second highest paid chief executive was replaced as chairm…
Alberta Stock Exchange Investors play safe
As investors tried to reduce their exposure to an uncertain market place, it was a rare issue which traded more than 150,000 shares. Consolidated CBA Ltd. and Consolidated Golden Standard were among t…
Mine shutdown hits Minnova Inc.
Minnova Inc. realized net income of $900,000 or 6 cents per share for the first nine months of 1987. This compares with earnings of 23 cents per share realized in the same period last year. The large…
Forbex reports gold intersections at Rouyn property
Three of four holes drilled by Cambior Inc. on the Stadacona-East property at Rouyn-Noranda, Que., have returned gold values, Forbex Mining Resources reports. Forbex and Cambior have signed a joint ex…
EDITORIAL Spotting the flaws in gold
The fact that a dentist a few years ago discovered tungsten illegally included in some gold he was using for tooth repair, has led (indirectly) to a new Canadian-built ultrasonic system for detecting …
Barrick drilling
Drilling by American Barrick Resources on the Worvest option immediately west of Barrick’s Holt-McDermott gold mine has increased drill-indi cated reserves to more than one million tons grading 0….
COATS Trading Features (November 09, 1987)
At a time when most companies were finding their proposed financings being pulled, one new issue managed to get off the ground. Glencairn Explorations completed a 1.1 million share offering at 32 cent…
Montreal Exchange Trading volume slows
Turbulent trading continues to be the trademark of the current market, where the weakened state of the U.S. dollar seems to be the focus of everyone’s attention, as well as that country’s huge deficit…