News

In Wallaceburg, a farming community of about 11,500 in southwestern Ontario where soybean futures are a favored investment, the stock market high rollers are playing the Lac Minerals and International…

Vancouver-listed Devran Petroleum is about to expand its base of oil and gas operations in Ontario. Devran has received an option to buy all the Ontario oil and gas property interests of Onexco Oil an…

Drilling has started by Jonpol Explorations on its 100% optioned Linto and Brydges property in the Garrison Twp. area of Ontario. The property is located to the east of Jonpol’s Garrcon joint venture …

A trenching and detailed chip sampling program has been completed on the DD Zone, within the boundaries of the Eisler Lake claim blocks of Calpine Resources Inc. The property is located 90 miles north…

An additional 1,000 ft of drilling is planned for Hector Resources American Flag property in Arizona. The drilling follows encouraging results acquired from a five hole program which tested sections o…

Brenda Mines reports a third- quarter net loss of $2.8 million or 61 cents a share, on revenues of $11.6 million. The company reported a third-quarter loss last year of $3,076,000, but notes results f…

Visible gold has been cut in a drill section completed by Duration Mines on the company’s large Casa Berardi area property in Quebec. Three of seven holes intersected quartz veining associated with a …

Several issues made good gains on the over-the-counter markets this week. Hucamp Mines traded up to $1.50. Noranda, which has Hucamp’s Manitouwadge, Ont., property under option, has encountered sulphi…

Teck Corp. has moved quickly to eliminate the short-term bank borro wings it required for the takeover of Cominco. The company will place 1.75 million units in Europe which should net about $60 millio…

Gold-silver mineralization has been encountered on the Tommy Jack property in northwest B.C. by joint venture partners Goldcap Inc. and Noranda Explorations. This mineralization was encountered in a s…

A common share offering, with an international flavor, has been announced by Edmonton-based Echo Bay Mines, the proceeds of which will go to help finance its acquisition of Tennaco’s North American go…

Although Pine Point Mines posted a healthy $5.2-million profit in the third quarter, the picture for nine months was less than satisfactory. A loss of $4.6 million was reported, compared to a profit …