Editorial Gold save us all
Boring, are we? Where does Britain’s Economist magazine get off calling Canada “irredeemably boring?” It came to that unforgivable assessment recently in a research report titled The World in 1988. T…
News
Alberta Stock Exchange Argus is prominent
In recent weeks, Argus Resources has figured prominently as investors respond enthusiastically to its massive sulphide discovery near Contwoyto Lake in the Northwest Territories. While the project is …
Supreme Court defers decision on Lac-Corona
A decision on whether to grant Lac Minerals the right to appeal earlier court rulings awarding ownership of the Williams gold mine in the Hemlo area of northern Ontario to International Corona Resourc…
Shareholders reject Nova-Cogesco offering
Shareholders of Nova-Cogesco Resources of Montreal have rejected a private placement of 700,000 shares to MSV Resources, Nova- Cogesco reports. Proposed price of each share was $2.75. MSV currently ha…
Coniagas struggles to show a profit in 1987
With a new gold mine expected to be up and running next year and a resumption of production at Bachelor Lake, the Coniagas Mines group is looking ahead to better things in 1988. As reflected in a mixe…
Kaaba/Alawas start heap leaching test
Construction of the first leaching pad at the Picacho gold project of joint venture partners Kaaba Resources and Alawas Gold in Imperial Cty., Calif., is progressing on schedule. The leaching pad and …
Platinova/Cominco in south Alaska venture
Partners Platinova Resources and Cominco American Inc. have identified a number of gold-copper-silver mineralization centres in a new south central Alaskan gold district, Platinova said recently. With…
Vancouver Stock Exchange Blue chip issues draw investors
Vancouver hasn’t been able to match recent gains in Toronto and New York because it’s much more speculative. Investors bold enough to participate in the market today have tended to concentrate on blue…
Royex, Galveston deal
Another paper shuffle within the Royex Gold Mining group has resulted in a 13.36% interest in Royex Gold being sold to Galveston Resources. Consideration for the deal is Galveston’s 1.13 million PezCo…
Metal Prices FREE MARKET (December 14, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 8 Dec. 7 Dec. 4 Dec. 3 Dec. 2 Copper 1490-1493 1440-1445 N/A 1475-1480 1490-1500 Lead …
Dolphin financing
A private placement has been arranged between Dolphin Explorations of Vancouver and cmp 1987 Resource Partnership and Co., Limited II, whereby Dolphin will receive $1 million in exploration financing …
Western Canadian excited by results
More than $1.5 million of a $1.75-million exploration budget this year was spent by Western Canadian Mining on its Kerr and Goosan properties in northwestern B.C., and results have been exciting. High…