Alberta Stock exchange Gold issues surge
Junior gold issues bounced back with strengthening gold prices. One of the best gainers continued to be Monte Carlo Resources which added another 85 cents to $2.80 — that’s up $1.80 in three weeks. …
1987
Atlantic Report Mining means more than gold
Industrial minerals, say Dr Richard Potter, in charge of mineral resources promotion in the province’s department of mines and energy, and John Fowler, senior industrial minerals geologist with the de…
Toronto-listed Vestgron active concern once again
There’s no denying that Vestgron Mines has had its share of ups and downs over the past year, but now that this Toronto-listed company has been acquired by a private Halifax-based investment company, …
Abitibi seeking $7 million
An underground exploration program budgeted at $7.1 million, has been proposed for Abitibi Resources, Bevcon-Buffadison property near Val d’Or, Que. Abitibi and affiliate company Mid-Canada Gold & Cop…
new in brief
Renox Creek Resources has changed its name to Equinox Entertainment Corp. on a share-for-share basis.
Nanisivik mine profitable for MRI
Mineral Resources International reports net income of $4.5 million or 30 cents a share, for the nine months ended Dec 31, compared with a loss of $700,000, or 5 cents a share at the end of 1985. The…
United Reef buys platinum concession
A letter of intent has been signed between United Reef Petroleums and a private company for the purchase, by United, of a 32,000-acre concession in the Labrador Trough. Located in northeastern Quebec,…
Unique platinum play for Eldor, Ellen
A unique showing of platinum mineralization, associated with uranium and gold, is the focus of an exploration program operated by Eldor Resources and funded by partner Mary Ellen Resources. Known as t…
Editorial Ups and downs at the PDA convention
The mood at this year’s convention of the Prospectors and Developers Association of Canada will likely swing somewhere between exhilaration and apprehension. Among the 3,000 or so delegates expected…
Cdn mining not in hopeless state
Mining is a great Canadian success story and is, to a significant extent, responsible for the high standard of living enjoyed by Canadians. It hardly behooves me to tell experts in the mining industry…
Getty to spend $10m. on 1987 exploration
With some excellent gold properties and a working capital of approximately $8.9 million, Getty Resources should be a key player on the Canadian exploration front this year. The company went public las…
Brohm to develop South Dakota bet
With a working capital of $4.3 million, Brohm Resources says it is in an excellent financial position to develop its Gilt Edge project in South Dakota. The company recently completed a private placeme…