Report from Calgary part 2
Destiny Resources led junior resource companies in November trading in ** volume and appreciation in value on the Alberta Stock Exchange. Destiny, with junior partner Noranda Exploration appears to ha…
News
Second joint venture for San Paulo- Teck (Head – 18 bold)
San Paulo Explorations, which recently entered into a joint venture agreement with Teck Corp. to finance a sizeable exploration program to earn a 50% interest in the latter’s Leitch mine property at B…
Toronto Stock Exchange Volatile price swings in trendless week
The herd mentality took the market over the precipice Oct 19, Black Monday, and it very well could move it right back up again in the next few months. During our review week, signs that investors are…
Nufort goes underground
The underground workings of the former Independence mine in British Columbia have been reopened by Odessa Explorations and partner Nufort Resources. Located in British Columbia, the property is subjec…
Editorial Resource financing needs a new policy
We’ve learned over the years that the wheels of justice turn slowly, and that includes Canada’s quasi-judicial securities commissions. On balance, it is probably best that they err on the side of deli…
Barrick, Independent
An option agreement has been signed by American Barrick Resources and Independent Mining Corp. The deal gives Barrick the right to earn a 100% interest in Independent’s 9-claim gold prospect in Harker…
People (December 14, 1987)
Interstrat Tesources inc. — James M. Carter appointed president and chief executive officer succeeding Ted Everett.
Equity Silver plans 4th quarter writeoff
The leach and gold scavenger plants no longer used at Equity Silver Mines’ mill near Houston, B.C., will be reported as a writeoff in the fourth quarter. The $33.6-million writeoff will be reported as…
Metal Prices FUTURES PRICES (December 14, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 121.50 119.40 120.60 + 0.65 Jan 114.80 114.80 115.60 — Mar 10…
Could one hole in Cranbrook, B.C. kill Red Dog?
To an untrained eye it’s an ordinary zigzag on a piece of paper filled with zigzagging lines. But to Paul Cartwright, a geophysicist whose company, Pacific Geophysical, conducted the Controlled Source…
Mid-North gold acquisition
A former producing gold property has been acquired by Mid- North Resources. Located near Snow Lake, Man., the property produced 52,849 oz gold between 1936-1940. Known as the Laguna mine, the operati…
City’s $110-million plan: B.C.’s boggest gold mine
Proving it has what it takes to make a mine, City Resources Canada plans to bring what will be British Columbia’s largest gold producing mine on stream by October, 1989. The aggressive Australian-cont…