FINANCING (September 05, 1988)
Fireball — gross proceeds rec $225,000. Hildon — gross proceeds rec $157,500. Pennilane — gross proceeds rec $105,000. Sukuma — 400,000 sold for gross $140,000. …
News
Bachelor Lake to spend $2m after securing Flordin bet
After securing Cambior Inc.’s (TSE) 51% stake in the Flordin gold property in Desjardins Twp., Que., Bachelor Lake Gold Mines (TSE) is preparing to raise $2 million for exploration at the project. Loc…
Magnacon shows-gold bearing veins
Surface exploration of the east Magnacon property, located west of Wawa, Ont., has unearthed several rich gold showings, partners Flanagan McAdam Resources (TSE), Muscocho Exlorations (TSE) and Windar…
Newmont has several deposits but Gold Quarry main producer
Although Newmont Gold Company has more than a dozen gold deposits on its Carlin holdings, about 70% of its production is coming from the Gold Quarry deposit which was first identified in 1979. Develop…
Placer deposits comment not correct
Your article of August 22nd on Queenstakes’ placer operation in the Atlin mining camp of British Colubia was both enjoyable and informative. However, two comments on placer deposits in general were in…
Book Reviews Canadian book on Iron and Steel
Metallurigical works in Canada, Primary Iron and Steel 1988 lists in detail the facilities, productive capacities, products and other data of companies that comprised the primary iron and steel indust…
Octan plans to mine former Terra assets
Calgary-based Octan Resources (ASE) has agreed to acquire Terra Mines’ (TSE) mill and silver properties at Camsell River in the Northwest Territories, the company said recently. Subject to regulatory …
Drop in metal prices hurts commodity index
A decline in the price of industrial metals helped bring the Scotiabank’s all-commodity price index down by 8.2% in July compared with the previous month. Senior bank economist Patricia Mohr said the …
Production problems hurt Hudson Bay Mng.
Production problems at Hudson Bay Mining and Smelting’s (TSE) Flin Flon, Man., copper smelter and zinc plant have hit the company were it hurts most — on the bottom line. Second-quarter net income of…
Saskatchewan Gold Discovery
A new gold discovery was made in the La Ronge area of Saskatchewan, according to Goldsil Resources (TSE) and Golden Rule Resources (TSE), operator and 53.45% owner of the Kaslo project. Two widely spa…
Canamax drops Glimmer claims
Canamax Resources (TSE) has terminated its option on a gold property held by Glimmer Resources (VSE). Following the completion of a $450,000 exploration program, which included 17 diamond drill holes,…
Editorial Tomorrow’s gold mines
Developing mineral resources is a tricky business. It depends a great deal on government policy, not so much because of what governments can make happen but for what they can prevent from happening. C…