Letters to the Editor Free trade and peace
The 12 nations of Europe, which at times have been bitter enemies, contemplate free trade and communication by 1992. Can two old friends, like Canada and the United States, do less? If friendly nation…
News
Exall seeking opportunities
At the annual meeting of Exall Resources (TSE), held recently in Toronto, President Stephen G. Roman said the company is now in a secure financial position to actively seek opportunities in the minera…
Editorial Rock Mechanics — Can it prevent tragedy?
The recent death of James Wilson, Jr., an experienced miner, and his partner Bruce Braman in a roof collapse at the Denison- Potacan potash mine in Sussex, N.B., was indeed tragic. But it should not b…
Letters to the Editor CB Perception causes rise and fall of stock
As a layman I would like to express my opinions on the price of stocks. Stock prices may rise or fall depending on the public’s perception alone. The profit or loss of the individual company does not …
Montreal Exchange Market turns upward
Investors in a buying mood helped propel the ME this holiday- shortened week to higher levels, with the market portfolio jumping almost 50 pts and the mining and minerals index climbing more than 34 p…
COATS Trading Features (October 17, 1988)
Trading was quiet as mining issues continued to drift in a lethargic market that has characterised the past several weeks. Prices were easier for Boston Bay Mines which tested a new low of $2.50 this…
McFinley wrestles with temperamental ball mill
The McFinley Red Lake Mines (TSE) project near here, looks like a safe bet to become the first new gold producer in the Red Lake camp for at least 25 years. After spending about $25 million, the compa…
Alternatives being examined to Ontario Mineral Exploration Program
The Ministry of Northern Development and Mines is examining alternatives to its popular Ontario Mineral Exploration Program (OMEP). It hopes to come up with some definitive conclusions on alternatives…
Belore pleased with Meat Cove assays
Trenching results from the Meat Cove property have returned several encouraging assays, Belore Mines (ASE) says. Held under option from United Reef Petroleum (TSE), the Meat Cove property is located o…
Int’l Thunderwood going underground at Gold Hawk
During the first nine months of this year, International Thunderwood Explorations (TSE) spent $4.3 million on mineral exploration. The bulk of the money went to the Pelletier Lake and Gold Hawk projec…
Noble Peak find
Drilling by Noble Peak Resources (ASE) on the company’s Southwin gold prospect in the eastern arctic has confirmed surface trenched gold values to a depth of 600 ft. Hole 21 intersected 16.8 ft gradin…
INSIDER TRADES (October 17, 1988)
Amir — G. Nordin sold 125,000 (July, private) to hold 10,600. Bar Res — D. MacLeod sold 260,650 (Sept, private) to hold nil. Breakwater — R. McDonald sold 30,708 (Sept) to hold nil. Canuc — R. Gun…