News in Brief (October 17, 1988)
Rojoll Explorations has changed its name to Morrison-Grey Enterprises Ltd. (MGP:VSE) on a sharefor-share basis.
News
Falconbridge consults rules in bid to halt Noranda Inc.
It may be merely a temporary snag, but the Ontario Securities Commission is delaying Noranda Inc.’s (TSE) recent bid to buy seven million Falconbridge Ltd. (TSE) shares at $22.25. Following a request …
COATS Trading Features (October 17, 1988)
Trading was quiet as mining issues continued to drift in a lethargic market that has characterised the past several weeks. Prices were easier for Boston Bay Mines which tested a new low of $2.50 this…
Alternatives being examined to Ontario Mineral Exploration Program
The Ministry of Northern Development and Mines is examining alternatives to its popular Ontario Mineral Exploration Program (OMEP). It hopes to come up with some definitive conclusions on alternatives…
Chinese invest in All-North
The China International Trust & Investment Corporation, the foreign investment arm of the Chinese government, has made what appears to be a precedent setting investment. The investment bank has taken …
Aurora has cash for property acquisitions
Aurora Gold (ASE) plans to take nearly $850,000 cash profit from an oil and gas investment and spend it on mineral property acquisitions. Gary Nolin, a director and officer of the Calgary-based compan…
Delaware to take over Prime Capital
A takeover offer by Delaware Resources Corp. (VSE) for Vancouver-based Prime Capital should put the continuing company firmly in the hands of Corona Corp. (TSE). Prime Capital chairman Murray Pezim co…
McFinley wrestles with temperamental ball mill
The McFinley Red Lake Mines (TSE) project near here, looks like a safe bet to become the first new gold producer in the Red Lake camp for at least 25 years. After spending about $25 million, the compa…
Int’l Thunderwood going underground at Gold Hawk
During the first nine months of this year, International Thunderwood Explorations (TSE) spent $4.3 million on mineral exploration. The bulk of the money went to the Pelletier Lake and Gold Hawk projec…
Toronto Stock Exchange Gold’s advance fails to ignite enthusiasm
Gold’s resilient performance, which saw the price advance to $406.40 on the second London fix, failed to ignite much enthusiasm from war weary investors. The TSE composite index gave up 23.19 pts to …
Mill Rationalization Program
An engineering, procurement and construction management contract for a mill rationalization program was recently awarded to Wright Engineers and Fluor Daniel by Inco Ltd. The program, which is expecte…
MinVen finds gold in S. Dakota
Surface drilling at MinVen Gold Corp.’s (TSE) Gilt Edge mine in South Dakota has encountered significant gold mineralization over some unusually long thicknesses. The company is involved in a $9.4 mil…