Rayrock ups stake in Western Minerals.
Gold miner Rayrock Yellowknife Resources (TSE) is spending $19.5 million to become the sole owner of a Texas-based fertilizer company Western Ag-Minerals. Rayrock, which already holds a 35% stake in W…
News
COATS Trading Features (January 23, 1989)
Chance Mining (a Conwest- controlled company) has seen some active trading lately based on speculation that drilling by Falconbridge Ltd. might produce encouraging results from a base metals property …
INSIDER TRADES (January 23, 1989)
Aquagold — Reed Inv bought 60,000 (Nov, private) @ $1.25 to hold 125,000. Audrey — Northgate Expl bought 850,500 (Nov, Dec, private) @ $2.25-65 to hold 2,800,500. Burgess Point — Perton Dev bought …
Sikaman to treat tailings deposit
Exercising its options, Sikaman Gold Resources (TSE) has acquired the right to treat a tailings deposit at Snow Lake, Man. The company anticipates placing the project into production during the fourth…
Pacific Comox Res terminates option
Recently terminating an option to earn a 50% participating interest in three properties northeast of Val d’Or, Que., was Pacific Comox Resources (VSE). The company (formerly Comox Resources) had the o…
Trader Res. to explore Ronnoco gold property
Broulan Resources (TSE) and Ronnoco Gold Mines (COATS) have recently signed an agreement which will see a subsidiary of Trader Resources (TSE) spend $400,000 to explore a Timmins area gold property ow…
Metal Prices PRODUCER PRICES (January 23, 1989)
ALUMINUM: MW U.S. Market $1.13-$1.16 per lb. (Jan 5, 1989). ANTIMONY: New York dealer 98 cents -$1.03 per lb. (Jan 5, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: New Yo…
People (January 23, 1989)
MARLAT RESOURCES — Bruce H. Campbell elected president; Mrs. Tania Campbell appointed to the board of directors.
Bethlehem re-examines Giant Copper property
As British Columbia copper deposits go, the Giant Copper project near Hope in southwestern British Columbia hasn’t yet lived up to its name. But back in 1966, its major mineralized zone, the AM Brecci…
Nuinsco to raise $1 M for Cameron program
Nuinsco Resources (TSE) has reached an agreement to finance renewed exploration at the Cameron Lake gold property in northwestern Ontario. Under an agreement with Middlefield Resources fund 1988, Nuin…
Letter to the Editor LAC only just starting along the 04 Break
I am not too impressed by Peter Kennedy’s piece, “Jury still out as LAC drifts onto Kirkland property” (N.M., Jan 9/89), which seems to be riddled with careless errors: The 04 Break has been displaced…
Editorial Newmont’s Canadian connection
Newmont Mining’s involvement in the Canadian mining scene has been a long and illustrious one. The Northern Miner first reported the company’s Canadian presence in 1928 when we said the company’s st…