Atlantic Report Maritimes exploration arm
Vancouver-based Four Seasons Resources has established a Maritimes exploration arm, F.S.R. Maritimes Exploration. F.S.R. Maritimes is negotiating an option agreement with Four Seasons whereby it could…
1987
Active year for Heenan Senlac
With several promising situations in the works, Heenan Senlac Resources is gearing for an active season, shareholders were told at the annual meeting this week. “We feel quite hopeful”, President Geor…
News in Brief (June 15, 1987)
Ceasar Resources has changed its name to Audre Recognition Systems Inc. on a share-for-share basis.
Maritime juniors in the search for gold
Exploration activity was up sharply in the Maritimes during 1986, and this year is shaping up to be even busier. More than 30 junior exploration companies are at work in Nova Scotia, New Brunswick and…
METAL MARKETS Canadian firms Stelco, Dofasco place in top 30
World crude steel production in 1986 totalled 714 million tonnes, down from 720 million tonnes in 1985, the International Iron and Steel Institute reports. Crude steel production of the western world …
Juniors more active than ever in Manitoba
Manitoba is currently experiencing considerable mineral exploration and mine development by the junior mining sector. It is possibly the most activity ever by juniors in the province, with more than 6…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (June 15, 1987)
June 9 June 8 June 5 June 4 June 3 Gold London Bullion Dealers afternoon (morning) $US per oz. 452.65(452.05) 456.55(454.40) 453.50(454.70) 452.75(450.25) 453.00(453.35) Gold Bank of Nova Scotia, …
Place hopes are riding on Golden Rose property
Despite the apparent lack of shareholder interest in the activities of Place Resources, chairman Michael Butler expects 1987 to be a banner year for the Toronto company. Only six shareholders attended…
Flow-through is driving Quebec’s mining boom
Exploration expenditures in Quebec grew by 58% in 1986, soaring to an unprecedented $263.1 million. More than 87% of this investment was earmarked for the off-site exploration for which the spending r…
Breakwater offering
Breakwater Resources of Vancouver has given a Swiss bank the mandate to offer for sale in Europe 35 million Swiss francs (approximately $31 million) as the principal amount of convertible Eurobonds. T…
Thorco acquires an interest in S. African mine
Thorco Resources reports it has acquired 100% of the issued share capital and warrants of Centurion Exploration and Mining, a U.K.- -based mining company with a 60% controlling interest in a South Afr…
Gold production planned by Rouyn Mining in ’88
The Francoeur property of Rouyn Mining Resources could be in production as early as next March pending receipt of a positive feasibility study, President Jean-Guy Rivard told a group of investors in T…