DRX sells Randsburg claims to Echo Bay
Having sold a portion of its Randsburg, Calif. gold claims to the U.S. exploration wing of Echo Bay Mines (TSE), New York-based DRX Inc. is contemplating what to do with the proceeds. DRX is a holding…
News
Nickel showing in virgin area spurs staking
A recently discovered nickel- copper showing about 70 miles northwest of Chicoutimi, Que., has sparked a staking rush in the past four weeks. The showing is on the northeast corner of a large anorthos…
Tarzan completes diamond drilling
Tarzan Gold Inc. (ASE) has recently completed diamond drilling of hole 88-1 on the Main East Zone downward extension of the Joburke mine to a depth of 372.4 m to intersect the ore zone extensions at a…
Increased uses for graphite
It is not a new industrial mineral by any means, and the market is relatively small. So why does it seem graphite, a naturally occurring crystalline form of carbon, is drawing more interest these days…
Native groups get grant for talks with Placer Dome
The Windigo and Shibogama tribal councils will receive a $60,000 provincial grant toward the cost of negotiations with Placer Dome Inc. (TSE) regarding the proposed Musselwhite mining development in n…
Rambler joint venture drilling Baie Verte bet
Early results from a 65,000-ft drilling program currently under way on the Rambler properties near Baie Verte, Nfld. have returned moderate gold values. The drilling program, designed to test gold and…
Dickenson and Wharf merger called off
Recent changes in stock market conditions have scuttled the proposed merger between Toronto- based Dickenson Mines (TSE) and Wharf Resources (TSE). Although the directors of the two companies continue…
Canaustra Gold acquires China First shares
Canaustra Gold (VSE) has agreed to acquire 1.2 million shares of China First Capital (VSE) and will receive 600,000 share warrants exercisable for one year into common shares of China First at 80 per …
Echo Bay Mines earnings steady
Third-quarter earnings were steady for Echo Bay Mines (TSE), despite increased sales from expanded production. The company had net earnings of $13.5(US) million or 14 per share in the third quarter, …
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 …
Pamorex/Queenston sign Beaver deal
Pamorex Minerals (TSE) has signed a letter of intent to earn a 51% interest in Queenston Gold Mines’ (TSE) Upper Beaver mine gold property. Located about 15 miles east of Kirkland Lake, Ont., the Uppe…
Athabasca find looks interesting
A gold discovery has been made by Athabaska Gold Resources (VSE) on its Nicholas Lake property 60 miles north of Yellowknife, N.W.T. The property is geologically similar to the old Discovery mine six …