MSV buys shares in Nova-Cogesco
Recently increasing its interest in Nova-Cogesco Resources (TSE) to about 25%, on a fully diluted basis, was MSV Resources (ME). The latter is buying 690,000 shares of Nova-Cogesco at $1.75 per share,…
News
Metal Prices FREE MARKET (May 09, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 3 May 2 Apr. 29 Apr. 28 Apr. 27 Copper 1184-1186 N/A 1140-1142 1100-1110 1146-1147 Lead …
INSIDER TRADES (May 09, 1988)
Agnico-Eagle — P. Penna bought 200,000 to hold 266,152. Amer Barrick — J. Garbutt sold 22,644 to hold 4,200. Aurora Corp — L. Payton bought 13,500 to hold 53,500. Cominco — Teck Corp bought 456,40…
Cathedral drilling
A $1-million exploration program involving a minimum 20,000 ft of drilling is planned this year for Cathedral Gold Corp.’s (tse) Takla Rainbow project 95 miles northeast of Smithers, B.C. Approximatel…
Kam-Kotia seeks new acquisitions
The transition of Kam-Kotia Mines (TSE) from a holding company into an operating company is under way, shareholders were informed at the annual meeting. In March of this year the company reached agree…
Galactic Crone Hill leach test negative
A production decision has been delayed at the Crone Hill property of Galactic Resources (TSE) and Quartz Mountain Gold (VSE) because of what they describe as “ambiguous metallurgical results on the he…
Vancouver Stock Exchange Good news from Ottawa for juniors
The federal government’s new exploration incentive program and the extension of the present earned depletion allowance for an extra six months is certainly good news for junior resource companies. The…
Tandem/Storiman ventures release Moss Twp. results
With the expected demise of flow-through financing, partners Storimin Exploration (ASE) and Tandem Resources (ME) have some major decisions to make at the Moss Twp. property, west of Thunder Bay, Ont….
Windy Craggy encourages Geddes
Initial indications of “very encouraging” results are reported by Geddes Resources (TSE), from a 35,000-ft definition drilling program on its big Windy Craggy gold- copper-cobalt property in northwest…
Corrections (May 09, 1988)
Incorrect drill results were published in the story “Initial results in from Goldcap bet” (N.M., April 18/88). The correct results of a program on the Tas gold property, funded by Goldcap Inc. (ASE) a…
Newmont sells stake in Sherritt Gordon
Newmont Second Capital Corp. a wholly-owned subsidiary of New York-based Newmont Mining, recently sold its 34% stake in Sherritt Gordon Mines (TSE) for approximately $40.8 million(US). Sprott Securiti…
Ottawa offers grants as substitute for earned depletion allowance
The flow-through saga has taken a new turn with the introduction of grants as a replacement for the controversial earned depletion allowance. The new program is designed to aid junior mining and oil a…