Montreal Exchange Lull in the action
The wind seems to have gone out of the sails of the ME, with both the general market portfolio index and the mining and minerals index experiencing downturns. In the case of the latter, the index was …
1988
Flintrock results disappointing
Results from a gold exploration program being performed by Flintrock Mines (VSE) have been disappointing, the company says. Work on the company’s 12- claim property near Kirkland Lake, Ont., failed to…
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…
Preliminary Ore Reserve Released For Bellavista Project
Results of a preliminary ore reserve and open pit design study undertaken on the Bellavista gold project in Costa Rica were recently released by project operator, Rayrock Yellowknife Resources (TSE). …
Annual meeting
The program planned for the 1989 Society of Mining Engineers annual meeting and exhibit includes technical sessions, three special symposia, three short courses, several field trips and an expanded ex…
Belmoral reports higher income, drop in output
Net income of $1.99 million (5 per share) on revenue of $20.3 million was reported by Belmoral Mines (TSE) for the first nine months of 1988, compared with $436,000 (1 per share) on revenue of $21.5 …
Copper and potash sectors boost Rio Algom earnings
Toronto-based Rio Algom (TSE) is continuing to benefit financially from a favorable economy and the performance of 68.8%-owned copper producing subsidiary Lornex Mining Corp. (VSE). After reporting im…
War Eagle soars on drill results from Idaho bet
Additional drill results are awaited from the War Eagle Mountain property of War Eagle Mining Company (VSE) in southwest Idaho. Not only has the discovery been heavily promoted by the company but also…
Westbank find in Ben Nevis
Westbank Resources (VSE) has discovered a polymetallic showing on its property in Ben Nevis Twp., Ont. The find is located less than a mile from the Peter Roche showing on which a 325-ft shaft was sun…
News-in-Brief
NovaGold Resources (TSE) reports $202,242 in cash as at Aug 31. The company withdrew a public issue earlier this year due to “adverse market conditions.” The company is seeking joint venture arrangem…
Weak U.S. dollar continues to hit Denison bottom line
While Denison Mines (TSE) plans to increase its uranium output to meet demand in the 1990s the company continues to suffer the effects of a weak in the United States dollar and a further drop in world…
Spirit Lake contemplates next target at Jacob Twp.
After releasing some of the latest results from its Jacobson Twp. gold property near Wawa, Ont., Spirit Lake Explorations (ME) is in the process of deciding where to begin the next phase of drilling o…