Minnova/Rea Gold get approval for B.C. mine
Because going- it-alone to production is proving too costly a proposition for many juniors in British Columbia these days, a good many of the province’s advanced projects seem to be finding their way …
News
Lead/zinc shipped from Caribou, N.B. by 1989
A new $120-million mine has begun producing concentrates in northern New Brunswick. Lead/ zinc concentrates from the 2,000- tonne-per-day Caribou mine/mill complex should be on their way to Europe by …
Vancouver Stock Exchange Market ignores `black’ anniversary
The anniversary of “Black Monday” (Oct 19/87) came and went without too much fuss in Vancouver, and appeared to have no significant effect either way on trading patterns which have been stuck in a sid…
Alberta Stock Exchange Varna leads again
A Calgary-based company topped the most-active list in Alberta again this week. In much lighter volumes of 300,000, Varna Gold traded as high as 50 and as low as 36 . The issue, which has a promising…
Cominco/Redfern drill program reveals massive sulphide lens
Exploration work at the old Tulsequah Chief mine in northwestern British Columbia has outlined massive sulphide mineralization in a brand new zone called the G lens. The property is being explored by …
Publicity, ethics rule Acadia Mineral meeting
Professional ethics took a front seat at the annual meeting of Acadia Mineral Ventures (TSE) in Toronto recently. Several shareholders expressed concern about apparent discrepancies in tonnage and gra…
Ore Reserve Increase at Gabanintha Mine (October 24, 1988)
A reassessment of the ore reserves at the Gabanintha mine by Dominion Gold Mines of Australia has increased the reserves now drilled out in the current mining area to over 2.2 million tons at an in-si…
Ketza River gets best results yet
The Ketza River gold mine enjoyed its best operating month yet since starting operations last summer. Operated by Canamax Resources (TSE) and held equally with Pacific Trans-Ocean Resources (TSE), the…
INSIDER TRADES (October 24, 1988)
Anglo Canadian Mg — R. Stokes bought 23,000 (Aug-Sept) to hold 572,401. First Canadian Gold — J. Gill bought 400,000 (private) to hold 1,441,413. Mahogany — Goldsil Res bought 48,700, sold 83,500 (…
Skylark, BP hit sulphides while drilling CM property
Vancouver-based Skylark Resources (VSE) and partner BP Resources Canada (TSE) have hit on a 78-ft intersection of massive and stringer sulphides at the CM claim project north of Kamloops, B.C. The joi…
Sutton drilling at Creede silver property
A deep drilling program is under way on Sutton Resources’ (VSE) Creede silver property located in Colorado. The program consists of two holes, both about 2,000 ft in length, and is designed to test th…
Toronto Stock Exchange Little cheer on anniversary of Black Monday
Investors found little to celebrate today — the first anniversary of Black Monday. Although those wild and tumultuous days of mid- October are behind us, the uncertainty and damage wreaked by the mar…