Atlantic Report Newfoundland’s first gold rush
Every available diamond drill in Newfoundland is under contract as Canada’s youngest province continues to enjoy its first gold rush. Major mineral exploration and development projects are going on in…
News
Metall Mining is shopping for polymetallic bargains
At a time when the recent stock market debacle has added to the list of available mineral properties in North America, a new player has joined the hunt for bargains. Armed with a war chest of approxim…
Sherritt, Agassiz end negotiations over SherrGold
Negotiations between Sherritt Gordon Mines and Agassiz Resources involving acquisition by Agassiz of the former’s shareholding (60.5% interest) in SherrGold Inc., together with certain other mining in…
Flood of share buybacks issued by mining companies
The collapse of the stock markets, which has erased billions of dollars of value and decimated investor confidence, is also being seen as a buying opportunity — by none other than the companies thems…
Letters to the Editor Energy Minister lauds free trade
I know that you will be vitally interested in the effect of the Canada/ U.S. free trade agreement on our economy and on our energy sector in particular. I strongly believe that the agreement is a goo…
Montreal Exchange Market woes persist
(Editor’s note: Please note this week’s me stocks table runs only to the Monday, Oct 26, close.) Last week’s massive market “correction” continued on this week on the Montreal Exchange, with the gener…
Dickenson buys shares of Wharf
Toronto-based Dickenson Mines has acquired 9.8% of the outstanding shares of Wharf Resources of Calgary. On Oct 16, Dickenson purchased 942,000 shares and then on Oct 26 increased its holdings to a co…
Flanagan reports high gold values at Gwillim bet
A 23-ft section starting at 1,027.1 ft and averaging 0.96 oz gold per ton is the deepest yet obtained in the C zone, one of several gold- bearing units in the kod zone at the Gwillim gold project in Q…
United Reef busy on several fronts
Progress is reported by United Reef Petroleums on four gold projects, three in Ontario, one in Montana. On its Alder Gulch project in Montana’s Virginia City area, the company says 23 trenches have be…
Echo Bay results
Results printed (N.M., Oct 12/87) from three stepout drill holes at Echo Bay’s Cove deposit in Nevada were incorrect. Intersected were gold values ranging from 0.034 oz per ton to 0.124 oz, and silver…
Vancouver Stock Exchange Market crash totally unexpected
The Vancouver market has been sliding for over a month but Monday’s crash was totally unexpected. Ironically it happened three years to the day after the infamous Black Friday of Oct 19, 1984 when a s…
Armistice awards $4-million contract
Armistice Resources has awarded a $4-million contract to Dynatec Mining for the rehabilitation of the Armistice Exploration shaft on the company’s Sheldon-Larder property in northwestern Ontario. The …