Nortek completes share issuance
Edmonton-based Nortek Energy has completed the issuance of share certificates to Roycal & Co. for a series of non-voting, non-dividend-bearing convertible preferred shares, totaling about $7.36 millio…
News
Portfield starts grassroots work
Grassroots exploration work has started on a 57-claim property in Sandra Twp, near Beardmore, Ont., held by coats-listed Portfield Industries Inc. The work is being funded by Bay Resources & Services …
Editorial Gold keeps looking better
We have long held to that old maxim that the stock market doesn’t lie. But we are now having some qualms — indeed concern. For a wave of euphoria has been sweeping the big markets of late both in Tor…
People (February 16, 1987)
CANAMAX RESOURCES – Kenneth S. Dalton appointed a director succeeding C. John Sullivan.
‘Credibility problem’ still looms for Carolin
The history of Carolin Mines, an industry “soap opera” if there ever was one, has taken yet another turn. A new management group has now assumed control but the old guard has left them with a big cred…
Red ink for Sherritt Gordon
Unable to withstand the unrelenting pressure of weak fertilizer prices, the bottom line of Sherritt Gordon Mines has caved in with a loss, before unusual item, of $3.2 million for the year ending Dec …
Mineral inventory upgraded by Energex on Toodoggone bet
With the evaluation of last year`s exploration data completed, Energex Minerals reports an upgrade in mineral inventory at its Toodoggone, B.C. property to approximately one million tons grading 0.20 …
Tumbling price of nickel splatters red ink on Inco
The sharp drop in nickel prices has splattered more than a few drops of red ink on the latest financials put out by Inco Ltd. Though the nickel producer has managed to break even for the latest fiscal…
Bulk sample ups Audrey revenues
Revenue from the milling of the bulk sample from the Mobrun property near Rouyn, Que., has boosted third quarter financial results for Audrey Resources. For the nine months ended Dec 31, revenue total…
Results “not conclusive” on Cons TVS platinum bet
The first results are out on the diamond drilling program on the South American platinum bet controlled by a Consolidated TVX Mining Corp. company called CNM. Though TVX President Ian W. Telfer says a…
Mary Ellen signs letter of intent
Mary Ellen Resources has signed a letter of intent with the Saskatchewan Mining and Development Corp. (SMDC) whereby Mary Ellen and Lenora Explorations have agreed to joint venture a 17,000-acre Lodge…
Alberta Stock Exchange Naneco continues climb
Naneco Resources continued to add on to last week’s gains, picking up another 30 cents to $2.30. The company is hoping to make a production decision this year on its Johnson Gulch gold property in So…