Alberta Stock Exchange Jascan performs
Misgivings about the future of the current bull market failed to affect the share prices of a number of Alberta gold issues. Showing significant gains on recent performances, they seemed to ignore the…
News
Cuvier suing Noranda
Cuvier Mines is suing Noranda Exploration for what it says was the improper transfer of mining claims to Noranda. Cuvier launched the lawsuit in the Supreme Court of Newfoundland this week over 20 cla…
Lacana gets block of Newhawk shares
Lacana Mining Corp. is taking a bigger bite of the highly interesting Sulphurets gold-silver project 35 miles northwest of Stewart, B.C., via Newhawk Gold Mines. Under an agreement reached this week, …
News in Brief (September 14, 1987)
Dasher Resources reports sale by way of a private placement of 1,500,000 of its units at 30 cents a unit, with each unit consisting of one common share and one non- transferable share purchase warran…
T. Boone Pickens ups bid for Newmont to $6.3 billion
In a bid to stave off a hostile takeover bid by American corporate raider T. Boone Pickens, Newmont Mining Corp. — one of the largest gold miners in North America — just got bigger. The company, whi…
Ronrico has $7m. program to reopen Louvicourt mine
Another gold mine in the booming Val d’Or area is to be reopened. Culminating lengthy negotiations, Ronrico Explorations has come to an agreement under which it can earn up to a 75% interest in the Lo…
Bitech funded for exploration work
A $125,000 working capital loan has been arranged by Bitech Energy Resources. The loan was provided by D.C.C. Equities. Exploration funding for the year will come from two placements of flow-through s…
La Fosse encouraged by Labrador platinum hunt
La Fosse Platinum Group continues to meet with encouragement at the company’s platinum group metals projects spread across the Schefferville and Kuujjuaq regions of Labrador. In the Retty Lake area, L…
Dundee-Palliser buoyed by Vezza drill results
Dundee-Palliser Resources of Toronto reports a net loss of $61,781 (1.4 cents per share) compared with net income of $67,656 (2.1 cents per share) for the same period in 1986. The 1986 first-half re…
Trader gets results
Vancouver-listed Trader Resource Corp. has released partial diamond drilling results from its Tel deposit on the Yellow Giant property at Banks Island, B.C. The company says it has completed 61 holes …
Cuvier drilling two properties
Diamond drillng contracts have been awarded by Cuvier Mines for projects in Newfoundland and Labrador. On the Baie Verte peninsula in Newfoundland, Cuvier plans to drill 5,000 ft on the company’s Ming…
Cons. Professor feasibility expected by early 1988
A feasibility study is being prepared by Wright Engineers for Consolidated Professor Mines’s Duport gold project. Located at Shoal Lake, west of Kenora, Ont., the Duport property hosts a geological re…