COATS Trading Features (January 26, 1987)
Exploration work by Goldteck Mines on a gold prospect near Matachewan, Ont., is helping move the issue to the $1.85-$1.90 range. A trade at $2 was recorded during the week. Real Goldfields, which owns…
1987
Canuc sells claims to Denison Mines
Uranium claims held by Canuc Resources have been sold to Denison Mines. Located near Elliot Lake, Ont., the claims host reserves of almost 7 million lb of uranium oxide. Canuc says that it could recei…
Coxheath gets cash
A private placement of flow- through shares has been completed by Coxheath Gold Holdings. The company raised $1.3 million which will fund additional exploration on the Tangier gold property 50 miles n…
Skyline estimates large reserve
A reserve inventory has been released by Skyline Explorations for its Reg property in northwestern B.C. The company describes the reserve calculation by Dr E. W. Grove as conservative and continues to…
Three successful projects have Muscocho hustling
Three gold exploration projects on which Muscocho Explorations is acting as operator are returning values that make each one of them look a cinch to carry on to the further phases of development. In f…
Drilling confirms high grade zone on Silbak property
Underground diamond drilling at Westmin Resources’ British Silbak property has confirmed and extended the high grade precious metals mineralization discovered earlier by surface drilling (N.M., Dec 15…
Conference on computer uses will run at Laval
Several universities, together with the Surface Mining Laboratory of the Canada Centre of Mineral and Energy Technology (canmet) and the cim are organizing the first Canadian Conference on Computer Ap…
News in Brief (January 26, 1987)
American Barrick is now the sole owner and operator of the Goldstrike mine in Nevada. This follows the approval by shareholders of Pancana Minerals of a plan of arrangement which results in Pancana be…
Alberta Stock Exchange Seabee moves Claude
Several issues improved during the week as gold continued to hang on to recent gains. Claude Resources was one of the best performers, adding 40 cents to $4.70 on good volume. A greenlight has finally…
Johnson Matthey rep to talk at university platinum conference
The Outcrop Club, an undergraduate student organization in the Department of Geology at the University of Western Ontario, together with the Toronto Geological Discussion Group, have arranged to have …
Toronto Stock Exchange Is the bull taking a breather before its
The bull was a bit grumpy this week as prices slipped following two straight weeks of gains into uncharted territories. Analysts are predicting a correction of about 10% is in the works, but they add …
Unique sampler
A unique and rapid sampling- assaying device known as the Mineral Analysis Probe (MAP) is proving a boon to the exploration-development program under way at the Hellens Eplett silver mine at Cobalt. D…