Chelsea secures new financing
Two private placements have been completed by Chelsea Resources which will net the company $2.4 million. In addition, it has a commitment to place 400,000 units consisting of one share at $5 and a war…
News
Echo Bay results
Results printed (N.M., Oct 12/87) from three stepout drill holes at Echo Bay’s Cove deposit in Nevada were incorrect. Intersected were gold values ranging from 0.034 oz per ton to 0.124 oz, and silver…
Overseas Platinum active in Ecuador (October 26, 1987)
Overseas Platinum has signed an agreement with an Ecuadorian company for the exploration of a gold-platinum placer property in northwestern Ecuador. Prior to closing the deal, Overseas Platinum panned…
Alberta Stock Exchange Issues take a beating
In a week when investors around the world took an unprecedented beating, it’s hardly surprising that the Alberta Stock Exchange reported an almost endless string of casualties. For most Alberta issues…
Ateba gets gold flowing again in Beardmore, Ont
The yellow metal will start to flow again here in December, The Northern Miner can report after a visit to the only active mill in the area — the Pan-Empire mill being operated by Ateba Mines Inc. of…
Toronto Stock Exchange Valient recovery staged by battered markets
Fear and hysteria gripped the financial markets of the world this week, forcing an unprecedented collapse which exceeded even the infamous crash of 1929 (see front page story). On Oct. 19, the New Yor…
Letters to the Editor Queries misunderstanding on CANMET
Your recent editorial “Fun and games at the TIP TOP”, makes several references to the Canada Centre for Mineral and Energy Technology, (canmet), part of the federal department of energy, mines and re…
Cal Graphite defies critics with production decision
Lively, Ont.-based Cal Graphite has confounded the skeptics by announcing production at its Graphite Lake property near Huntsville, Ont. Located in Butt Twp. the 1,000-acre property has been the subje…
Hysteria fuels collapse of ’87
Like lemmings, investors swarmed over the precipice, pulling global stock markets into a crash the likes of which has never before been witnessed in financial history. Black Monday, as the investment …
Report from Calgary Iskut is a busy B.C. gold camp
If the constant clatter of helicopter rotor blades and the frequency of Otter aircraft landings are an indication of exploration activity, the Skyline area, flanking the Iskut River in northwestern Br…
Flanagan reports high gold values at Gwillim bet
A 23-ft section starting at 1,027.1 ft and averaging 0.96 oz gold per ton is the deepest yet obtained in the C zone, one of several gold- bearing units in the kod zone at the Gwillim gold project in Q…
Editorial Panic devastates financial markets
Nobody — but nobody — in the entire financial community has ever witnessed anything quite like the market debacle and bloodletting that has taken place on leading stock exchanges around the world th…