Tungco to drill new gold zone
Four new anomalous gold showings were recently uncovered on Tungco Resources’ (VSE) Waratah property in the Iskut River gold camp in northern B.C. The showings were found during this season’s explorat…
News
Commodity prices reach 20-year high
From a research report by J. B. Were & Son, a member of the Australian Stock Exchange. The current very strong metal prices are largely demand driven with most base metals now coming from almost fully…
Ego busy with a reserve calculation
A tonnage calculation is being made by Ego Resources (TSE) for the company’s west main zone gold deposit near Wawa, Ont. Discovered in January, the find has been the subject of in-fill drilling which …
Hall of Fame to honor first 12 inductees
First inductees into the recently-formed Canadian Mining Hall of Fame will be announced at an inaugural dinner to be held in Toronto November 21. The Hall of Fame will pay tribute to those individuals…
Obituary C. P. Girdwood
Charles P. Girdwood, former general manager of the Dome gold mine in South Porcupine and a former vice-president and director of Dome Mines, died August 8 in hospital at Ottawa. He was 78. Before join…
Toronto Stock Exchange Listless performance a result of uncertainty
A cloud of uncertainty continued to hang over the exchange this week as investors remained liquid, showing reluctance to increase their positions until a clear sign of a market turnaround appears. Cho…
FINANCING (August 22, 1988)
ONTARIO Norad — final rec iss offer 1,000,000 @ 50 cents per sh. NovaGold — final rec iss offer max 10,000 & Min 1,667 @ $1,200 per unit. McLaren — final rec iss offer min 900,000 & max 1,200,000 …
Letters to the Editor (August 22, 1988)
In reference to your editorial, Corporate Giving Not Just A Frill, May 1988, the Vancouver Art Gallery would like to acknowledge the generous support from three very prominent mining companies: Placer…
Queries Fort Knox’s gold mining ambitions on hold
Could you please let me know what is happening with a company called Fort Knox Minerals. The company trades on the Vancouver Stock Exchange and its interests include the Eagle Bird mine in California’…
Noranda buys 11.7% stake in Falconbridge
After being outfoxed in its bid to buy a control block of Falconbridge Ltd. (TSE) shares from Placer- Dome Inc. (TSE), Noranda Inc. (TSE) has quietly gone to the open market and emerged as Falconbridg…
Strike looks certain at Falconbridge Ltd.
About 1,750 hourly wage employees at Falconbridge Ltd.’s Sudbury, Ont., operations appear set to strike when their present contract expires on Aug 21. “Things don’t look hopeful because there are so m…
MacDonald Mines
A group of shareholders of MacDonald Mines (COATS) have called a special shareholders meeting to elect a new board of directors. The group says that the previous board resigned at the beginning of the…