Golden Knight $30-m. prospectus
A final prospectus has been filed by Golden Knight Resources which outlines details of a $30- million-unit offering. The offering is being made to finance the company’s share of mine development costs…
News
General News & Comment FAME grants double in British Columbia
Direct assistance to prospectors through British Columbia’s Financial Assistance for Mineral Exploration (fame) program have been doubled this year. Grants up to $5,000 are now available to qualified …
Zenmac building strong postion
Starting from scratch just two years ago, Zenmac Zinc has increased the value of its investment portfolio to over $17 million, a well-attended annual meeting here learned. It includes 1,342,500 shares…
General News & Comment Country Fun Fair set for Sept. 19
Come rain or shine, the Women’s Association of the Mining Industry of Canada says it will stage its 10th Country Fun Fair on Saturday, Sept 19, at the St. Ilija Macedonian Orthodox Church picnic groun…
VSE breaks records for half-year
The first half of 1987 was a record-breaking period for the Vancouver Stock Exchange. Trading volume was 2.6 billion shares, up 49% from last year, and the volume was the highest half-year total ever …
Scotia Prime gearing up to drill
Scotia Prime Resources Inc, wholly-owned by ase-listed Petroco, is in the midst of a $1.6- million financing for exploration work on two gold properties in Nova Scotia. President Graig K. Millar, a lo…
Goldbrae active
Exploration work has commenced at Goldbrae Developments’ Tartan Lake property in northern Manitoba. The initial program will include soil sampling, geological mapping, prospecting, hand trenching, and…
METAL MARKETS Metal Snips (July 27, 1987)
Diamond sales during the first six months of 1987 were 28% above sales for the same period last year, the Central Selling Organization of De Beers Consolidated Mines reports. Sales of rough stones tot…
Drilling started at Dubuisson bet
An $800,000 exploration program has been started on gold property in Dubuisson Twp. in northwestern Quebec, the president of Goldstack Resources, Herve Drolet, reports. The drilling is being undertake…
Books (July 27, 1987)
The Fifth International Wollaston Basin Symposium Proceedings edited by C.G. Carlson and J.E. Christopher. Contains 25 full length papers and 4 abstracts. Softbound $43.50(C) ISBN 0-921547-17-X; Har…
Lac earnings improve on higher prices and output
A combination of stronger gold prices and increased gold production has enabled Lac Minerals to chalk up an impressive quarter. For the second quarter ended June 30, the company realized total earning…
Cominco steps up pace of property evaluation
Turning a supertanker around in a narrow channel is tricky business. Sometimes you have to come to a full halt to change direction, an analogy that probably applied to Cominco before it was taken over…