Bulk sample for Can-Mac
Owners of the Mon gold project at Discovery Lake, N.W.T., are encouraged by exploration results to date. Can-Mac Exploration (VSE), in the midst of a drilling program, is awaiting the results of a rec…
News
Easing of regulations in Latin America improves climate for
investment…
FINANCING (March 19, 1990)
Desert Sands — 800,000 offered @ 50 cents per unit. Eurogold — min 500,000 offered @ 45 cents per sh. Milan Res & Expls — 1,000,000 sold for gross $450,000. Excellon Res — min 650,000 offered @ 35…
People (March 19, 1990)
BRANER RESOURCES — Mark Wallbom appointed to the board of directors.
Nerco fashions Con turnaround with US$95-million investment
A well defined operating strategy backed by more than US$49.4 million in capital improvements has enabled Nerco Minerals, a unit of Nerco Inc. (NYSE), to achieve a turnaround in operations at its Con …
Nova-Cogesco Res. raises funding
A $2.5-million private placement with Le Fonds de solidarite des travailleurs du Quebec and MSV Resources (ME) has been completed with Nova-Cogesco Resources (TSE), the companies report. Le Fonds acqu…
Spot prices at a glance (March 19, 1990)
Week’s Price (US) Change Gold* $398.80 — $3.80 Silver* $5.09 — $0.05 Platinum* $502.50 — $6.05 Nickel** $4.13 + $0.17 Lead** $0.55 + $0.10 Copper- $1.18 Zinc $0.79 + $0.07 Courtesy of Scotiabank. I…
Obituary Walter Baker
Walter Baker, well-known prospector and resident of Larder Lake, Ont., died suddenly on March 2. He was 86. Baker began prospecting at an early age in the Bisset-Rice Lake gold camp of Manitoba and du…
Northgate income up from last year
Lower income taxes and investments in associated companies resulted in a better earnings picture for Northgate Exploration (TSE). The Toronto-based company reported net income of $9.4 million or 42 ce…
McGill stakes claim to seniority
In announcing a most generous gift by Inco to the Mining Engineering Department of Queen’s University for the provision of modern laboratory facilities, you refer to the Queen’s department as Canada’s…
Reserves at Hislop top one million on Stroud’s Hislop project
Reserves have topped the 1-million-ton mark at Stroud Resource’s (TSE) Hislop Twp. gold project near Timmins, Ont., after recent drilling intersected high gold values in the Creek zone. According to S…
General News & Comment Ontario will stop issuing assay coupons
When Ontario’s new Mining Act comes into force next year, the province will stop issuing free assay coupons to licensed prospectors. The total value of the 990 coupons redeemed between April 1, 1988, …