Palladium maintains steady support
Not as volatile in the marketplace or as expensive as its sister- metal platinum, palladium nevertheless has achieved a following which is keeping its supply more or less in balance with demand. Tendi…
1988
Noranda to continue exploration on Hislop claims
Further exploration entailing a substantial second phase diamond drill program and an orientation IP survey is planned for the Hislop property east of Timmins, Ont. During 1988, the property was the s…
Canadian-United says Teeshin option on Dome Mountain project
The fight has been going on for years but Canadian-United Minerals (VSE) may at long last have the upper hand in its dispute with Teeshin Resources (VSE) over the Dome Mountain project northeast of Sm…
Franco-Nevada to explore Redstone copper deposit
Franco Nevada Mining (TSE) which holds a royalty interest in the huge Goldstrike gold mine in Nevada, has agreed to acquire a major slice of a large Northwest Territories copper deposit. In a bid to b…
Editorial A worthwhile collection
Thanks to the efforts of some tireless volunteers and the generosity of several mining companies, Canada’s National Museum of Natural Sciences may soon be endowed with one of the most remarkable miner…
Tarzan to acquire Glen Auden claims
Toronto-based Glen Auden Resources (TSE) has agreed to sell 152 claims at Keith Twp., Ont., to Tarzan Gold (ASE) in return for the $94,000 which the company has already spent on previous work and acqu…
FINANCING (December 05, 1988)
VANCOUVER GBX Res. Corp. — gross proceeds rec $210,000. Moraga Res. Ltd. — gross proceeds rec $430,000. Simon Fraser Res. Ltd. — gross proceeds rec $175,000. Stonewall Res. Inc. — 300,000 sold for…
Shortage leads to `black market’ for sodium cyanide
Sodium cyanide, essential in the recovery of most gold produced today, is in such short supply that a “black market” has developed for the chemical driving prices up sharply for those without an assur…
Broulan results
Net earnings for the first nine months of 1988 for Broulan Resources (TSE) was $1 million or 15 per share compared to $694,961 or 10 per share for the first nine months of 1987. At the main property…
Book Review Oil prospecting
Walter Guppy has probably seen more of Vancouver Island than any other prospector alive today and he’s recounted his experiences in a paperback called WetCoast Ventures: mine finding on Vancouver Isla…
Atlantic Report Explorations in Nova Scotia
Acadia Mineral Ventures of Toronto is exploring in southwestern Nova Scotia for gold-silver mineralization enriched in the axial zones of tightly folded anticlinal folds of the region. Acadia’s explor…
Toronto Stock Exchange Golds and metals provide boost to index
A much-needed 21-pt boost helped move the composite index to a close of 3,294.68 pts. That represents a 48-pt gain during our review week. Today’s gains came on the backs of golds and metals which eac…