Canamax has discovery near Kremzar property
A new gold discovery has just been added to the portfolio of Toronto-listed Canamax Resources. The site of the discovery is at its wholly-owned Lochalsh project, located in the Goudreau gold belt 35 k…
1987
Toronto Stock Exchange Golds shine as skittish bull pulls market
Once again golds set the market on its ear with a rise that seemed to defy gravity itself. Spurred on by worries of a sinking U.S. dollar, bullion prices soared to a high of over $420(US) an oz while …
North American Rare
A 500-ft stepout hole on the joint venture property of North American Rare Metals and Dundee- Palliser Resources in Vezza Twp. in Quebec’s Casa Berardi area has extended the gold zone to 2,000 ft and …
COATS Trading Features (April 06, 1987)
Edda Resources made a strong advance to 85 cents -95 cents from the 35 cents range. The company holds a 51% interest in a private company. The private firm holds a large land position near the Namew L…
Metal Prices (April 06, 1987)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 31 Mar. 30 Mar. 27 Mar. 26 Mar. 25 Copper 949-950 944-945 950-952 943-945 926…
Royex makes offer to boost interest in Int’l Corona
In a move that is designed to put Murray Pezim out of the picture, Royex Gold Mining has announced an offer worth potentially $230 million to boost its ownership in International Corona Resources to a…
Hydra Explorations control to Neptune
Control of Hydra Explorations is passing into the hands of Neptune Resources Corp., which heads a group of investors who are acquiring 750,000 shares from the control block at a price of $1.60 per sha…
Zinc consumption expected to grow at a sluggish pace
World zinc consumption could increase by 2% per year from now until 1990, thanks in large part to the automakers, according to Coopers and Lybrand. The firm, in a recent Global Mining Outlook, links t…
Obituary Peter Munro
At presstime, we learned with deep regret of the death, after a lengthy illness, of Peter Munro, 52, president of Dickenson Mines. A full appreciation of Mr. Munro will appear in the next issue of The…
Letters to the Editor Mining is more than gold
I wish to support Mr Kortschwar’s letter in your March 23 issue (Too Much on Gold?). I, too, have been a subscriber for many years and bought into some of your base metal companies before they ran int…
United stakes more claims near Madoc
Additional ground has been acquired by United Reef Petroleums near Madoc, Ont. United, which now has 110 claims in the area, says the ground was acquired for its gold potential. Gold showings sampled …
Hardrock plans big drilling program
A 30,000-ft diamond drilling program has been recommended for the Hardrock Extension Inc. property near Geraldton, Ont. The work will follow up encouraging drilling completed last year which resulted …