McAdam completes financing deal
A funding agreement has been concluded with 1988 (No 3) Mintax Mineral Ltd. Partnership under which Mintax will be issued flow- through shares at an aggregate subscription price of $1.5 million, McAd…
News
Crown/Gold Texas shareholders approve merger
At meetings held in Vancouver and in Denver, Colo., shareholders of associated companies Gold Texas Resources (VSE), Crown Resource Corp. (NASDAQ) and Gold Capital Corp. voted in favor of a reorganiza…
South American Goldfields busy on Guyana gold bets
At the annual meeting, held recently in Toronto, shareholders got a first-hand look at some of South American Goldfields’ (COATS) ambitious gold projects under way in the jungles of Guyana. President …
Editorial How will Epp fare?
Government plays an ever-increasing role in how business operates in Canada, whether it’s primary industries like mining or any other commercial endeavor. But does it matter who sits at the head of th…
Ottawa won’t guarantee key loan for Neptune
The Federal Government has decided not to back Neptune Resources’ (TSE) $150 million Colomac gold project with a $15-million working capital loan guarantee. After taking a close look at the Northwest …
Homestake acquisition boosts exposure
Assuming it goes through, the proposed acquisition by Homestake Mining (NYSE) of Esso Minerals Canadian exploration and development properties (N.M., Jan 30/89) would “represent a major re-alignment o…
Vista planning drill programs
Several prospective EM targets, the most important of which appears to coincide with the Creek shear zone, have been uncovered on the Uskik Lake property 130 km northeast of La Ronge, Sask., Vista Min…
Dolphin building road at Cape Ray gold property
A 20-km access road, under construction at Dolphin Explorations’ (TSE) Cape Ray gold project in southwestern Newfoundland, is half completed, the company reports. Dolphin is building the road to reduc…
Metal Prices (February 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 14 Feb 13 Feb 10 Feb 9 Feb 8 Copper 1645-164…
Moss and Power plan merger
The directors of Moss Resources (ASE) and Power Explorations (TSE) have recently retained a consulting geologist to evaluate the assets of the two companies in preparation for a possible merger. Accor…
American mining congress elects Milton Ward chairman
Milton Ward, president and chief operating officer of Freeport- McMoRan Inc., was recently elected as chairman of the board of the American Mining Congress (AMC) at the trade association’s annual meet…
Echo Bay Planning surface program
A $2.5-million work program completed by Echo Bay Mines (TSE) on the Doc property near Stewart, B.C., appears to have generated mixed results. The company has an option to earn a 50% interest from joi…