Silbak, Pioneer merger
The effective date for the amalgamation of Silbak Premier Mines (VSE) and Pioneer Metals Corp. (TSE) was set for May 11, with the amalgamated company trading as Pioneer Metals Corp. on both the Vancou…
News
Lyon Lake assets
Assets of Lyon Lake Mines (ME) stood at $2.5 million at the end of 1987, with liquid assets totalling $700,000, the company reports. During 1987, the company completed two public financings worth a co…
Jascan/Atlantic take Dawson claim dispute to Colo. court
A dispute has erupted over the validity of a mining lease on a small portion of the Dawson project in Colorado. Alberta-listed Jascan Resources and joint venture partner Atlantic Goldfields, whose sha…
INSIDER TRADES (May 30, 1988)
Amer Barrick — A. Hill sold 1,400 to hold 5,800. Battle Mountain — R. Howe sold 15,879 class A shares to hold 11,135. Canamax — Amax Gold (Can) bought 15,400 to hold 6,980,657. Carolin — J. Berns …
Montreal Exchange Light trading week (May 30, 1988)
A holiday-shortened week of relatively quiet trading on the Montreal Exchange brought few surprises, with the market portfolio closing down but the mining and minerals index showing a small gain. Dail…
Obituary Nelson Bidgood
Nelson Bidgood, a name synonymous with the early development of the Chibougamou area, died in late April at the age of 80. For his pioneering work there he had received numerous plaques and citations …
Falconbridge near settlement on Dominican tax
William James, chairman of Falconbridge Ltd. (TSE) confirms that a settlement is in the making though not yet finalized with the government of the Dominican Republic, which could see Falconbridge’s fe…
Reduced gold output adds to Inspiration’s losses
A seasonal absence of production at the Nome, Alaska, placer gold mining project and reduced output at the Austin gold mine in central Nevada were factors in a first quarter net loss of $5 million, In…
Women in mining organized in U.S.
Women in Mining, a national U.S. organization dedicated to educating its members and the public about the importance of mineral and energy resources, elected a new slate of officers at a recent meetin…
Wide, low-grade hit by Messeguey
Two wide zones, with mineralization averaging 0.129 oz gold per ton, have been intersected in the same hole put down on the Launay- Privat property 30 miles northeast of Rouyn-Noranda, Que. The two in…
Louvicourt, Ronrico nearing new gold zone
Louvicourt Gold Mines says drifting to access a newly-discovered gold zone is set to begin on its Louvicourt property near Val d’Or, Que. The workings of the former producer have been dewatered to the…
Golden Terrace signs drilling agreements
Golden Terrace Resources Corp. (TSE) has entered into exploration agreements with CMP 1988 Resources Partnership and Co. Ltd. and CMP-II Resources Partnership and Co. Ltd. to spend $350,000 by June 30…