People (February 08, 1988)
Bralorne Resources — W. F. Limin appointed president and chief executive officer succeeding F. W. Fitzpatrick who is retiring after 17 years with the company.
News
Armeno on ME
Vancouver-based Armeno Re sources, active in the exploration of mineral claims in Canada and Ecuador and with oil and gas interests in western Canada, was recently listed on the Montreal Exchange. In …
Montreal Exchange: Prices in decline (February 08, 1988)
A falling gold price meant nothing but bad news for resource companies this week, with the mining and minerals index experiencing four consecutive days of decline, including an almost 46-pt drop one d…
Northgate buys 20% interest in Chelsea Res
While the ink is still drying on an agreement to sell its mining arm to a subsidiary of Australia based Western Mining Corp., Northgate Exploration of Toronto has gone shopping. Not content to sit aro…
Lake Ponask drilling
A 15,000-ft diamond drilling program has begun on the 234-claim property held by Lake Ponask Gold Corp. Located in northwestern Ontario, the property is being explored for precious and base metals. Dr…
Letters to the Editor Mascot’s open pit ore grade seems low
The Northern Miner states that Mascot’s Nickel Plate open pit produced 24,000 oz of gold to the end of September, 1987, from 317,000 tons milled (N.M., Jan 25/88). Assuming 87% recovery, this gives an…
Initial reserves encouraging for Better’s Vancouver Island
An active drilling program on Better Resources’ Mt. Washington project on Vancouver Island, B.C., has indicated a healthy reserve potential for the property. Drill-indicated reserves, based on a 0.03-…
Syngold reports good gold values
Significant gold mineralization in two of three drill holes completed in December at the Obalski mine property at Chibougamau, Que., has been reported by Syngold Exploration of Toronto. Hole 87-2, dri…
Barkhor joins BayWest in Yukon gold venture
A joint venture agreement with BayWest Capital Equities has given Barkhor Resources the right to earn a 50% interest in BayWest’s 164-claim Ross River-Faro gold prospect located near Faro in the Yukon…
WMC offers `technical, financial’ backing to Canadian companies
** over ** With a number of company operations currently being expanded and several mines under development, Australia’s Western Mining Corp. believes that “additional diversification outside of Aust…
OSC to implement new juniors policy
The Ontario Securities Commission is expected to issue a new policy on financing junior resource companies during the first week of February. The new policy is expected to be implemented April 1. The …
Oil and gas listings deleted from tables
In order to provide space for the dramatic growth in the number of mining stocks listed on all Canadian stock exchanges, we have deleted from our stock range tables those listings which are solely inv…