Vancouver Stock Exchange Gold stock demand
What can only be described as an insatiable demand for gold stocks continues to bolster the Vancouver market. Despite some negative signs on the horizon, the market’s fundamentals are still pretty goo…
News
Lupin-style sulphides found at Aber/Highwood bet
Vancouver-based Aber Resources says it is encouraged by drilling results at its Butterfly Lake project in the Northwest Territories’ Mackenzie district. Located 15 miles southeast of the Lupin mine wh…
St Genevieve intends to sink shaft on Fourax gold property
A total of $6 million has been set aside by St. Genevieve Resources to sink an exploration shaft and do lateral exploration work on the company’s 12-claim Fourax property in Fourniere twp., near Malar…
Gunnar, Mill City are encouraged by first results dw
Reporting encouraging gold values from two of the first three holes assayed from an 11,000-ft drilling program at the joint-venture Tyranite mine property near the northern Ontario town of Gowganda ar…
Skylark gets hot play in Nevada’s Carlin trend
Skylark Resources has entered into an agreement with a U.S. company to earn a 60% interest in a claim block located within the Carlin trend in Nevada. The property is surrounded on two sides by Ameri…
Toronto Stock Exchange Volatile market records a small decline
With the composite 300 index off 7.3 pts at today’s close to 3,902.37 pts., the market continues to exhibit its volatile nature, which might best be illustrated by a gold and silver index that set a r…
Producers strive to keep costs low
Averaging costs in 1986 at 147 primary gold mines, Mine Development Bimonthly calculates that 50% of the gold cost less that $200(US) per oz to produce, with 75% of the gold produced at or under $230….
News in briefs (October 05, 1987)
MFC Mining Finance says it will purchase VenturesTrident’s 25% joint-venture interest in Cactus Gold Mines’ operating heap-leach gold mine in California, 50 miles northeast of Los Angeles, in return f…
Drilling starts at Monique bet, Monicor reports
An exploration program is under way on the Monique property, located about 26 km east of Val d’Or, Que., which will continue until January, Monicor Exploration reports. Analyses of two drill holes hav…
Busy Golden Rule to drill Dubuisson/Blindman bets
One of Alberta’s busiest exploration companies, Golden Rule Resources, has started drilling at two properties in Saskatchewan and Quebec. The Calgary-based company has over 33 exploration joint ventur…
QUERIES Maybrun Mines report, yet to be published
In the Feb 22/87 issue of The Northern Miner, you indicated that Consolidated Maybrun Mines may issue an annual report and start trading again. However, nearly six months later I still haven’t heard a…
Editorial Gold fever rages around the world
Gold fever, with the price of the yellow metal persisting at a relatively high level, is catching on these days pretty well all over the world. Just in the last few weeks, reports of a gold rush hav…