Cambior names mine in honor of Sullivan founder
Life has been breathed into another of this bustling mining town’s former producing gold mines. With more than 100 guests on hand, Louis Gignac, president of Cambior Inc (TSE), officially opened the E…
News
Editorial A brush with the law
Should it come as a surprise that criminal charges against prospector Donald McKinnon have been dropped? He had been charged in connection with the disappearance of some files from the mining recorder…
Shannon finances Tatsamenie program
Alberta-based Shannon Energy (ASE) has raised $700,000 through a number of flow-through share issues to finance exploration at the Tatsamenie property in northwestern British Columbia, the company sai…
News in Brief (August 15, 1988)
Mono Gold Mines has announced that it has entered into a private placement and flow-through agreement with NIM Resources whereby the partnership has agreed to purchase flow-through shares having an ag…
Magma Copper profit is up
Magma Copper reports net income of $11.7 million(US) or $0.31 per common share on revenue of $136.2 million during the second quarter of 1988 compared with $7.5 million, which contained a pension sett…
Gold STandard in finance deal
Utah-based Gold Standard Inc. which is challenging American Barrick Resources’ (TSE) right to own the Mercur gold mine has announced a $2.25-million financing agreement with FCMI Financial Corp. of To…
Editorial Keeping the lid of Tech Transfer
Here’s a curious piece of information. U.S. mining men, it seems, are more fired up about technology transfer than are Canadian miners. Six months ago two international mining journals, published in…
Inco won’t renew contract with nickel refiner Sherritt
In the market for new feed for its Alberta nickel refinery is Sherritt Gordon (TSE). The company’s nickel concentrate purchase contract with Inco Ltd. (TSE) is set to expire at the end of 1989 and Inc…
McNellen says yes to Echo Bay deal
Shareholders of McNellen Resources (VSE) recently gave the go- ahead to a transaction in which Echo Bay Mines (TSE) will acquire two million McNellen shares at $2.50 per share. Under the agreement, du…
News in Brief (August 08, 1988)
Coeur D’Alene reports net income of $3.6 million(US) on revenue of $17.7 million during the second quarter of 1988 compared with $2.5 million on revenue of $9.9 million for the same period in 1987. Ne…
Obituaries Thomas J. McQuillan
Thomas J. McQuillan, one of British Columbia’s best known prospectors , died at White Rock, B.C. recently after a lengthy illness. He was 70. McQuillan was born in Nanaimo and, as a young man, worked …
La Fosse drilling uncovers pair of massive sulphides
A drilling program this year at its Gerido division in northern Quebec has uncovered two platinum/ palladium and gold bearing massive sulphide, copper-nickel deposits, La Fosse Platinum (TSE) reports….