Rockford, Ranger plan amalgamation
Rockford Minerals (TSE) has agreed in principle to amalgamate with Northern Ranger Minerals (ASE). The terms of the merger are one common share of the new company for each Rockford share held and thre…
News
Gibraltar strike affects earnings
Normal mining and milling operations remain suspended at Gibraltar Mines’ (TSE) open pit copper mine near Williams Lake, B.C. The Placer Dome (TSE) subsidiary said one of two alternative contract offe…
INSIDER TRADES (November 21, 1988)
Beaufield — J. Murdoch sold 25,000 (Sept) to hold 350,000. Dejour — NIM & Co 1988 bought 1,564,455 (July) to hold 1,564,455. Dumagami — Mentor bought 107,100 (June- Sept) to hold 319,300. Echo Bay …
Wye Resources drilling yields positive results
COATS-listed Wye Resources has reported positive drill results from the Saganaga property located near Kashabowie, 140 km west of Thunder Bay, Ont. The 43-claim property is under option from Curran Ba…
Augmitto option
Augmitto Explorations (TSE) has acquired an option to earn a 51% interest in the Bazooka property, adjacent to the western boundary of Augmitto’s gold property near Rouyn, Que. Under the terms of the …
Uranium Resources Signs New Sales Contract
A long term contract with a major U.S. electrical utility is expected to generate revenues of about $45 million(US) for Uranium Resources (VSE), which produces uranium in South Texas using low cost in…
Ketza ore reserve mishap puts PTO near bankruptcy
A serious ore reserve miscalculation at the Ketza River gold mine near Ross River, N.W.T., has put Pacific Trans-Ocean Resources (TSE) in a financial quandary. A joint venture partner with Canamax Res…
High grade sulphides found at Stratabound’s CNE bet
Drilling will begin soon to establish the continuity and grade potential of a high grade zinc-lead-silver discovery reported by Stratabound Minerals (ASE) at its CNE property near Bathurst, N.B. Massi…
Editorial War Eagle woes
The story of War Eagle Mining is not over yet, but the behaviour of the company’s stock price over the past few weeks bears commenting on. The fate of the company’s property in southwestern Idaho ha…
9-month gold output up 42% for Cambior
Gold production by Cambior Inc. (TSE) for the first nine months of 1988 increased 42% compared with the same period last year, the company reports. Total production to Sept 30 was 140,685 oz; during t…
Black Swan Drilling Tas Property
As long as winter holds off, Black Swan Gold Mines (VSE) intends to continue drilling the Tas property near Fort St. James, B.C. in order to test continuity of gold mineralization in three fracture an…
Viscount seeks additional feed for Dankoe mill
Now that the O.B. silver mine at Greenwood, B.C. is safely past the start-up phase, Viscount Resources (VSE) says it is looking at acquiring other proven undeveloped deposits in the area. The company …