Montreal Exchange Positive trading days
Continuing its winning ways this past week, the stock market recorded healthy gains in both its market portfolio and mining and minerals indices, on daily trading volumes ranging between 4.9 million a…
News
Orofino looks to Scadding for improved balance sheet
Toronto-based Orofino Resources (TSE) was forced to bring out the red ink when reporting its financial results for fiscal 1988. But the 52%-owned Northgate Exploration (TSE) subsidiary, is hoping that…
Editorial Newmont’s Canadian connection
Newmont Mining’s involvement in the Canadian mining scene has been a long and illustrious one. The Northern Miner first reported the company’s Canadian presence in 1928 when we said the company’s st…
Thunderwood, Falconbridge on target at Pelletier bet
Partners Falconbridge Ltd. (TSE) and International Thunderwood Explorations (TSE) had some good news to report after finishing a $3- million drill program at the Pelletier Lake gold property near Rouy…
Platinum mining a growth area for Canada
While Canada’s reputation as a gold producer is well established around the world, the country has a long way to go before its primary platinum mining is taken seriously. Making this point in a recent…
Conwest, Falconbridge team up on Sudbury bet
An 18,000-ft drill program is the first plan of action by Falconbridge Ltd. (TSE) and Conwest Exploration (TSE) in their joint effort to chase high grade nickel near Sudbury, Ont. The drilling is part…
Noranda to earn 51% stake in Durga’s Allan Lake bet
Noranda Exploration has agreed to earn a 51% stake in Allan Lake gold and zinc properties which were acquired recently by Durga Resources (ASE) from Jasi Nikhanj for $500,000. Nikhanj is president of …
Goldfunds (January 23, 1989)
Gold funds as of Jan. 17 BGR Goldcorp Central MVP Capital Net value $11.99 8.77 6.74 0.86 Price $ 9.00 5.625 5.7…
Dr. Duncan R. Derry, 1906-1987
An eminent economic geologist, known internationally for his many contributions to mineral exploration on nearly every continent of the world, Duncan R. Derry was one of the Canadian mining industry’s…
Gold Project Reverts to Golden Zone Resources
Full ownership of the Golden Zone property in Alaska has reverted to Golden Zone Resources (VSE) after an option agreement with United Pacific Gold (VSE) was recently terminated. Grant Hagestad, chair…
Montreal Exchange Action picks up
A better showing by investors during the week pushed the general market portfolio index ahead by more than 58 pts and the mining and minerals index to a gain of more than 63 pts. Daily trading volumes…
Bitech takes close look at Betts Cove drilling results
After completing 6,700 ft of diamond drilling at its Nugget Pond gold property near Betts Cove, Nfld., Bitech Energy Resources (ASE) is taking a hard look at the data before deciding what to do next. …