COATS Trading Features (October 26, 1987)
The market collapse of Oct 19, which is becoming known as the infamous Black Monday, made certain not to ignore the poor cousins of the Toronto Stock Exchange — the coats-listed issues. Chance Mining…
News
Freewest, partners hit north of Wawa
Encouraging drill results have been returned from a program being conducted by joint venture partners Freewest Resources, Noranda Exploration, Prophet Resources and Cline Development. The work is bein…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (October 26, 1987)
Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Gold London Bullion Dealers afternoon (morning) $US per oz. 464.30(481.60) 481.00(479.50) 465.25(464.25) 466.60(461.75) 460.80(459.45) Gold Bank of Nova Scotia…
Corona gold loan to repay financing of David Bell mine
A gold loan will be used by International Corona Resources to repay its share of the financing of the David Bell mine in the Hemlo area of northern Ontario. The company reports a wholly- owned subsidi…
Vancouver Stock Exchange Market crash totally unexpected
The Vancouver market has been sliding for over a month but Monday’s crash was totally unexpected. Ironically it happened three years to the day after the infamous Black Friday of Oct 19, 1984 when a s…
Armistice awards $4-million contract
Armistice Resources has awarded a $4-million contract to Dynatec Mining for the rehabilitation of the Armistice Exploration shaft on the company’s Sheldon-Larder property in northwestern Ontario. The …
Lencourt acquiring interest in Alaska asbestos deposits
Junior-mining firm Lencourt Ltd. has signed an agreement to acquire a 50% working interest in the Slate Creek chrysotile asbestos deposits in Alaska from Tanana Asbestos Corp. along with a royalty int…
Mines ministers differ on free trade
Canada’s two chief political spokesmen for the mining industry appear to be at odds over the recent Canada-U.S. free-trade agreement. In a recent interview with The Northern Miner, the federa…
Nexus Group busy on Island-2 col 24TR Inside please
The largest recipient of flow-through dollars from First Exploration Fund 1987 is the Nexus Group which includes Nexus Resource Corp., Angle Resources and Reward Resources. The companies have signed u…
Aber land position has PGM potential
A large land position covering a new type of geological environment for gold and platinum group metals has been picked up by Aber Resources in the Northwest Territories. Victor A. Tanaka, vice-preside…
Huldra silver find looks impressive 1 col 18TR
A high grade silver discovery has been made 55 miles north of Hope, B.C., by Huldra Silver. Diamond drilling has proven to be unreliable in delineating the extent and grade of the discovery which typi…
Placer Dome extends option on Omai bet
Placer Dome Inc. has elected to continue with its option on Golden Star Resources’ Omai gold property in Guyana, South America. Known in their agreement as a further study option, it requires that Pla…