COATS directory an aid for investors
The Canadian Over-the-Counter Automated Trading System (COATS), is getting an assist in the form of a new directory. Now available, the new COATS directory is described by its publishers, COATS Direct…
News
News in Brief (January 19, 1987)
Acadia Mineral Ventures says it has completed a private placement of flow-through shares, to raise a total of $400,000, at a price of $1.95 per share. President Donald Smith says the funds raised will…
Falco Copper slates work on Achates bet
A program of geophysics, overburden drilling and 3,700 ft of diamond drilling is slated this year for Achates Resources’ 97-claim gold bet in Brongniart Twp. in the Chibougamau area of Quebec. Here Ac…
Budget fears fuel frenzy for flow-through shares
“A feeding frenzy” is about the only way to describe it, William F. White, senior vice-president of corporate finance at Merrill Lynch Canada says of the public’s rush for the new issue of flow-throug…
D’Or Val cuts new vein on Beacon gold property LD
A 20 ft section of gold quartz mineralization has been pulled by D’Or Val Mines in the Discovery vein at its Beacon mine just east of Val d’Or, Que. The vein material in this diamond drill hole, No. 1…
Vancouver Stock Exchange Trading heavy as gold moves up
The Vancouver market has become extremely active and there are signs it could get better yet. Gold prices have been moving higher in response to weaker American dollar and to the Iran-Iraq war, which …
People (January 19, 1987)
CANAMAX RESOURCES — Charles E. Stott Jr. and Timothy J. Haddon elected to the board of directors.
Mascot “operation wawa” off the starting block
It has taken a few years but Murray Pezim’s “Operation Wawa” is off the starting block and about $2.5 million will be spent on the project this year. Mascot Gold Mines, the exploration arm of the Inte…
United Keno funding
United Keno Hill Mines reports it has an agreement with NIM and Co., Limited, Partnership — 1987, for the provision to United Keno of flow-through exploration funding. United Keno says it will issue …
United Gold hits goldon its Clio property LD
A 145-ft section grading 0.155 oz gold per ton has been pulled by United Gold Corp. on its Clio property in Tuolumne Cty., Calif. A total of five holes was drilled prior to the Christmas break and ass…
Belmoral looking for buyer to take control position
Within five months Belmoral Mines hopes to find a buyer willing to spend about $24.9 million for two blocks of shares that, combined, represent up to 27.4% of the company’s equity. In a twist on the W…
Sunrise acquires claims at Pickle Lk. and near Seabright
Sunrise Metals has acquired a block of mineral leases, subject to a 3% royalty and cash option payments, adjacent to Seabright Resources’ Beaverdam gold discovery in Nova Scotia. Sunrise has also acqu…