Abbey encouraged by drill results
An intersection of 0.19 oz gold per ton over 14.9 ft was reported by Abbey Exploration (TSE) and its two partners from hole 88-4 on property in Guyanne Twp., in northwestern Quebec. Abbey’s joint-vent…
News
Toronto Stock Exchange Short positions show pessimism in base
Falconbridge was the most active issue this week trading more than 1.3 million shares and picking up an eighth to close at $23 1/8. Falconbridge Chairman William James was in the Dominican Republic re…
Cominco driving adit on SNIP gold project
The 300-m level adit at the SNIP gold project of Cominco Ltd. (TSE) and Delaware Resource Corp. (VSE) is progressing on schedule, the joint venture confirms. The Twin zone structure, which hosts most …
Minefinders Corp. completes financing
A private placement of 100,000 shares of capital stock at a price of $1.50 has been completed by Minefinders Corp. (VSE) with Fordel Holdings. The placement is part of a $450,000 financing arranged by…
Montreal Exchange Parquet drill results
An active trader the past few weeks, Parquet Resources of Toronto recently released encouraging winter drilling results from property in Courville Twp., near Val d’Or, Que. One of the holes returned 3…
Jonpol, partners report 4 drills at Garrison bet
Four drills are at work on property in Garrison Twp. in northern Ontario where Jonpol Explorations (TSE) and two other companies have reported further encouraging results. Jonpol’s joint-venture partn…
United Reef concentrating on Red Lake, U.S. gold camps (Head)
Active in Canadian exploration for the past 30 years, United Reef Petroleums (TSE) is continuing along the same path followed by its founder, the late J. H. (Joe) Hirshhorn of Blind River uranium fame…
Dickenson investigates Wharf amalgamation
Toronto-based Dickenson Mines (TSE) is investigating an amalgamation with Wharf Resources (TSE), in which the former currently has a 33% equity interest. J. O. Kachmar, president of both companies, sa…
More drilling planned by San Paulo-Teck on Dryden gold bet
Seven drill holes put down on the Gaffney property of the San Paulo Explorations’ (ASE)/Teck Corp. (TSE) joint venture at Lower Manitou Lake near Dryden in northwestern Ontario has increased that depo…
Editorial No phony phones, please
From long experience of the breed, we tend to think mining people are more in touch with reality than, say, bankers, computer specialists, insurance salesmen, and others of that ilk. In fact, almost a…
MSV buys shares in Nova-Cogesco
Recently increasing its interest in Nova-Cogesco Resources (TSE) to about 25%, on a fully diluted basis, was MSV Resources (ME). The latter is buying 690,000 shares of Nova-Cogesco at $1.75 per share,…
Metal Prices FREE MARKET (May 09, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 3 May 2 Apr. 29 Apr. 28 Apr. 27 Copper 1184-1186 N/A 1140-1142 1100-1110 1146-1147 Lead …