Shaft deepening contemplated at Bachelor Lake
Bachelor Lake Gold Mines (TSE) is contemplating a shaft deepening program to open up a 12th level at the Desmaraisville mine operation in Quebec. Hampered by a high dilution factor, the Bachelor Lake …
News
Cominco Debt Trimmed
During the first half of 1988, Cominco Ltd. (TSE) earned $78.5 million (91 cents a share) before including an extraordinary gain of $1.7 million, as compared with a profit of $25.9 million (24 cents …
Cash-strapped Abermin sells Lara property to its partner
Strapped for cash because of problems at its Tartan Lake gold mine in Manitoba (N.M., Sept 5/88), Abermin Corp. (TSE) has been forced to sell one of its key mineral properties, the Lara project on Van…
People (September 26, 1988)
SHILOH RESOURCES — Thomas O’Connor appointed to the board of directors succeeding Mervin L. Judd who has resigned.
Montreal Exchange Douay results pleasing
A falling gold price (near US$400 per oz at this afternoon’s London fix) might turn off some investors, but in Montreal this past week metals issues showed a small gain — the mining and minerals inde…
News in Brief (September 26, 1988)
An agreement for flow-through share financing has been reached between NIM Resources and International Prism Exploration (VSE), whereby NIM will purchase 980,000 shares of International Prism at 65 ce…
INSIDER TRADES (September 26, 1988)
Breakwater Res — R. A. Bruce McDonald sold (private) 144,217 to hold nil. B-Mac sold 565,426 (private) to hold nil. Noramco Cap sold (private) 1,890,357 to hold 55,514. Denison — P. Kostiuk sold 10,…
Base-metal discoveries needed now: ministry
The search for new mineral deposits in Canada in recent years has favored gold to the exclusion of base metals, say a couple of officials with Energy, Mines and Resources Canada who think the “period …
First gold bar for Bond Int’s
The first gold bar has been poured from the Golden Patricia gold mine owned by Bond Gold Canada, a wholly-owned affiliate of Bond International Gold (NYSE). Located west of Pickle Lake, Ont., the mine…
Books Mining Review
The 1988 edition of the Mining Annual Review is now available. This internationally known and respected publication offers information on metals and minerals, technical progress reports on mineral exp…
Alberta Stock Exchange American Ore active
Although its not ore yet, mineralization in two drill holes created a flurry of trading in American Ore this week. Each hole intersected quartz and carbonate veining in multiple shear zones on a joint…
New Pacer Dome appointment signals emphasis on mining
Placer Dome Inc. (TSE) has re-affirmed its commitment to focus on gold mining by appointing Anthony Petrina as the company’s new president and chief operating officer. A former hard rock miner from Su…