News

Stope development at Skyline Explorations’ Johnny Mountain property in the Iskut River area north of Stewart, B.C., has encountered some very high grade gold values in the Discovery vein. Chip sampli…

Mining claim staking in northern New Brunswick has been active recently, says the New Brunswick Prospectors and Developers Association (NBPDA). Approximately 1,100 claims have been recorded along a fa…

A drill contract has been let by newly-listed Danra Resources (VSE) for a 6-hole program on a promising silver property in the Yukon. The 600-m program, scheduled to start early next month, will test …

In an effort to try to reduce its trade surplus, Taiwan is considering purchasing up to one-quarter of the world’s annual gold production, the news agency Reuter reports. Taiwan, which has foreign exc…

The Geomechanics Research Centre at Laurentian University in Sudbury is intended as a cornerstone of a centre of excellence in mining in Ontario, says Dr Peter Kaiser in a report made to the universit…

The future for Canadian uranium lies in the continued growth of nuclear-powered capacity and continued access to the U.S. market, according to the president of Rio Algom (TSE) of Toronto. R. W. Ballme…

It’s a seesaw market in Vancouver at present and things aren’t likely to change until after spring breakup. Gold has been stronger because of tensions in the Middle East and so has the Canadian dollar…

It was a better year for Potash Corp. of Saskatchewan in 1987 but the Crown corporation still reported a loss of $20.7 million. In what might be considered a turnaround year, the company’s loss repres…

In a week of mixed trading highlighted by a flareup of fighting in the Persian Gulf involving Iran and the U.S. and a small rise in the gold price, the Montreal Exchange’s general market portfolio ind…

Shareholders of Equity Preservation Corp. overwhelmingly approved a management proposal to change the closed- end investment firm into an operating exploration company at a special meeting. Legal chal…

A bout of nervousness has crept into the markets once again, putting a lid on a rally which has moved the TSE composite index up 400 pts over the past several months. Today, fears of another major dow…

One of the oldest listed companies on the Toronto Stock Exchange today — formed in 1928 by the late renowned mine-finder Thayer Lindsley — Dominion Explorers is still very much alive, The Northern M…