Belmoral, Vedron discuss merger
The boards of directors of Belmoral Mines and Vedron Ltd. are exploring the possibilities of a merger of the two gold mining companies. Belmoral currently has a 39% interest in Vedron and, under an ex…
News
Metal Prices FUTURES PRICES (June 15, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 70.15 69.55 70.10 + 0.70 July 70.15 69.25 70.10 + 0.80…
News in Brief (June 15, 1987)
Ceasar Resources has changed its name to Audre Recognition Systems Inc. on a share-for-share basis.
METAL MARKETS Canadian firms Stelco, Dofasco place in top 30
World crude steel production in 1986 totalled 714 million tonnes, down from 720 million tonnes in 1985, the International Iron and Steel Institute reports. Crude steel production of the western world …
Flow-through is driving Quebec’s mining boom
Exploration expenditures in Quebec grew by 58% in 1986, soaring to an unprecedented $263.1 million. More than 87% of this investment was earmarked for the off-site exploration for which the spending r…
Goldpost to fund Hislop drilling
Goldpost Resources of Toronto will spend the $2.3 million it raised through class “A” flow-through warrants, to explore its Hislop West property near Timmins, Ont. Goldpost recently finalized the exec…
Platinum properties optioned by Edda and affiliate firm
An affiliate company of Edda Resources has acquired interests in more than 25,000 acres of ground in the Athapapuskow area of Manitoba. The focus of the exploration programs scheduled for the properti…
Underground program likely on Mooseland bet in N.S.
The log-jam of assay results in Atlantic Canada has been broken. Tse-listed Acadia Mineral Ventures has received encouraging assay results from 32 of 51 holes drilled on its Mooseland property in Nova…
Brunswick profit expected to continue
Brunswick Mining and Smelting Corp. reports first quarter earnings of $355,000, compared with a loss of $3,525,000 in the first quarter of 1986. Value of mineral production in the latest period was $6…
Atlantic Report Maritimes exploration arm
Vancouver-based Four Seasons Resources has established a Maritimes exploration arm, F.S.R. Maritimes Exploration. F.S.R. Maritimes is negotiating an option agreement with Four Seasons whereby it could…
Orsina preparing feasibility study for silver bet
Exploratory work continues on Orsina Resources’ Packer John district silver property in Boise Cty., Idaho, where the company is compiling data to put together a feasibility study. The Toronto-based co…
Toronto Stock Exchange Golds respond to Volker’s resignation
The power associated with sitting at the helm of the Federal Reserve Board in the U.S. has always been regarded with awe. For where else can one wield such economic clout as to impact on just about ev…