Calpine cuts 96 ft of 0.7 oz gold
A significant new gold discovery has been made north of Stewart, B.C., by Calpine Resources (VSE), an affiliate of Vancouver-based Prime Capital. The property is 100%-owned by Consolidated Stikine S…
1988
Battle Mountain earnings up
Low production costs and increased gold sales were responsible for a third-quarter earnings increase of 26% compared with last year’s result s, Battle Mountain Gold (TSE) says. Third quarter net incom…
Cheni construction nearing completion
Surface construction at Cheni Gold Mine’s (TSE) Lawyers project north of Smithers, B.C., is almost complete, says Paul Girard, president. Equipment testing and commissioning for the company’s 550-ton-…
INSIDER TRADES (November 07, 1988)
Borealis — R. Cox sold 35,800 (Sept) to hold 111,936. Brenda — Noranda bought 72,000 to (Sept) hold 2,412,020. Campbell Res — R. Lister bought 2,435 (Sept) to hold 441,627. Cominco — Teck bought 1…
Aur buys property
Aur Resources (TSE) has acquired a base metals prospect from Abbey Exploration (TSE). The 12-claim property, known as the Lugold, is located near Val d’Or, Que. Aur purchased the 100% interest for $12…
Bitech high grade
The first four drill holes completed on the Nugget Pond project, owned by Bitech Energy Resources (ASE), has returned strong gold values. Drilling on the new discovery in Newfoundland’s Betts Cove are…
Cannon gold boosts Asamera bottom line
Forward selling of gold produced from the Cannon mine in Wenatchee, Wash., has given Calgary- based Asamera Minerals (TSE) a financial boost. The company recently reported that net income for the firs…
SMDC merger
The merger of the Saskatchewan Mining Development Corp and Eldorado Nuclear has been completed. SMDC is a provincial mining company whereas Eldorado is federally owned. Renamed Cameco, A Canadian Mini…
Alberta Stock Exchange Baslen gains ground
For very different reasons International Baslen and Varna Gold were the issues which stood out in a week when volumes were otherwise relatively low. Varna was the volume leader with 856,300 shares cro…
Cominco Resources’ Gold Projects Advance
Ore reserves were increased on two gold projects, and a feasibility study started on a third, reports Cominco Resources International (TSE) in a review of operations for the nine months ended Septembe…
Toronto Stock Exchange Market slips in spite of gold’s breakout to
The price of gold today climbed more than $10 with New York’s Comex November contract closing at $421.80(US) and most of Toronto’s gold issues followed. But that wasn’t enough to carry the entire TSE…
Zinc refuses to be left behind
While attention has been focused on the price of copper of late, another base metal has been showing its strength. Zinc is on the move after a summer lull, the spot price of the metal recently hitting…