Sutton drilling at Creede silver property
A deep drilling program is under way on Sutton Resources’ (VSE) Creede silver property located in Colorado. The program consists of two holes, both about 2,000 ft in length, and is designed to test th…
1988
Toronto Stock Exchange Little cheer on anniversary of Black Monday
Investors found little to celebrate today — the first anniversary of Black Monday. Although those wild and tumultuous days of mid- October are behind us, the uncertainty and damage wreaked by the mar…
Vedron exploration
Recently reporting the substantial completion of a program of ramping to the 650-ft level and driving exploration drifts, crosscuts and ventilation and access raises at its Timmins, Ont., property was…
Metal Prices (October 24, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Copper 1660-1662 1667-1672 1680-1685 1598-1600 1614-1616 Lead …
Metall’s Australian mine
Metall Mining Corp. (TSE) plans to increase its operations in Australia following the commencement of gold production at the company’s Callion mine near Kalgoorlie. Callion, which began operations las…
Cliff Resources, Canaustra Gold to merge
Toronto-based Cliff Resources (TSE) says it plans to merge with Canaustra Gold Exploration (VSE) and a numbered Ontario corporation, which owns 100% of Baie Verte Mines Inc. The proposed merger would …
Drill Program Starts On Oneida’s Maple Leaf Project
A drill program is under way on the Maple Leaf project in the Mishibishu Lake gold camp of Ontario. owned 100% by Oneida Resources (VSE), one of several Applegath Group companies active in the area. T…
Surf Inlet option
Surf Inlet Mines (VSE) has signed an agreement with Newfields Minerals (TSE) which gives the former company the right to acquire a 50% interest in Newfields, McGarry Twp. gold prospect. Located beside…
Analysts denounce linking dividends with `poison pills’
Inco’s(TSE) plans to institute a recapitalization plan that would include a shareholders’ rights plan, often known as poison pills, and a special $10(US) dividend has prompted a group of securities an…
Euro-Nevada obtains Castle Mtn. royalty
Toronto-based Euro-Nevada Mining (TSE) has reached an agreement to buy a 4% net smelter return royalty interest in 540 acres of land on Viceroy Resources’ (TSE) Castle Mountain gold property. Located …
Steel demand gaining in strength
Consumption of crude steel in the non-Communist world is expected to rise by 6% this year over 1987 levels, to 478 million tonnes, delegates to the 22nd annual conference of the International Iron and…
Skylark, BP hit sulphides while drilling CM property
Vancouver-based Skylark Resources (VSE) and partner BP Resources Canada (TSE) have hit on a 78-ft intersection of massive and stringer sulphides at the CM claim project north of Kamloops, B.C. The joi…