Alberta Stock Exchange Lacklustre session
In a relatively uneventful trading session, International Baslen Enterprises topped the list. With 422,500 shares changing hands the issue gained 15 cents to close at 93 cents . International Baslen …
News
With adit in place Geddes targets Windy Craggy ore
Toronto-based Geddes Resources (TSE) has almost completed a 7,000-ft adit at the Windy Craggy copper-gold-cobalt-zinc project in northwestern B.C., shareholders were told at the company’s recent annua…
Investment Comment Strong lead, zinc base making Cominco a buy
An expected end to the recent copper “boom” may not be music to the ears of Cominco Ltd.’s Vancouver-based executives. With an output of 194 million lb in 1987, Cominco was Canada’s second- highest le…
Spirit Lake planning summer drill program
Encouraging drilling results have been reported by Spirit Lake Explorations (ME) from a winter program carried out at the company’s Edwards prospect in Jacobson Twp., located 20 miles northeast of Waw…
Tyranex takeover planned by Gunnar
A takeover offer has been made by Gunnar Gold Inc. for all the issued and outstanding shares of Tyranex Gold. Gunnar is offering three Gunnar shares and a $2 debenture for each four shares of Tyranex …
Rockford group, Gold Vessel Res in agreement
A letter of intent has been signed between companies in the Rockford Group and Gold Vessel Resources (ASE). Members of the Rockford Group include Rockford Minerals (TSE), Northfield Minerals (ASE) and…
Dickenson Mines plots new strategy for growth
A change in image is in the works for Dickenson Mines (TSE). The Toronto-based company, incorporated in 1945, is known basically for its operation of the Arthur W. White gold mine near Red Lake in nor…
Letter to Editor Kiena offer too low
Regarding the amalgamation of Kiena Gold Mines with Placer Dome Inc., it has to be the largest steal of the century. Mr Hick, Placer’s secretary, states the share exchange represents a 15% premium to …
Agassiz buys shares
Agassiz Resources (TSE) has acquired an additional 50,000 shares of Twin Gold Mines (ASE). The acquisition gives Agassiz 1.35 million Twin Gold shares or a 56.75% interest in the company. Twin Gold co…
Flint Rock flow-through to finance Teck program
Downsview, Ont.-based Flint Rock Mines (VSE) says it is seeking approval for a $105,000 flow- through share issue for exploration at a property in the Larder Lake, Ont., region. Flint Rock says the is…
Zinc plays catch-up with other metals
While not quite emulating the price run-ups experienced of late by copper and nickel, zinc has seen its price rise and, according to the securities firm Shearson Lehman Hutton, is trading at its highe…
Noranda ups reserves at Banbury’s B.C. bet
Drilling by Noranda Exploration has increased reserves on Banbury Gold Mines’ Hedley, B.C., property. Noranda has the right to earn a 51% interest in the property by spending $3 million before the end…