NO HEADLINE (June 13, 1988)
TEXT: Houston Metals Corp. (VSE) has signed an exploration agreement with 1988 Tap-IV Resource Ltd. Partnership to subscribe for 602,410 flow-through shares to be issued by Houston at 83 cents per sh…
News
Prospector made discovery that created Noranda
In the early 1920s, prospector Edmund Horne discovered along the shores of Lake Osisko, in northwestern Quebec, one of the richest lodes of copper and gold in the world. Over the years, the deposit wa…
U.S. coal-miner Nerco moves solidly into gold
Choosing between tenure at the University of Alaska or forming his own exploration company, Lawrence Heiner opted out of academia in 1970 and created Resource Associates of Alaska. He hasn’t looked ba…
Bruneau-Canamax deal
A private placement has been entered into by Bruneau Mining (ME) with its major shareholder, Canamax Resources (TSE), whereby Canamax will acquire 1.5 million treasury shares of Bruneau at 30 cents e…
SEMEG symposium
The Society of Engineering & Mineral Exploration Geophysicists (SEMEG) is presenting the second annual Symposium on the Application of Geophysics to Engineering and Environmental Problems at the Color…
IPMI conference
The 13th International Precious Metals Conference of the International Precious Metals Institute will take place June 12-15, 1989, in Montreal. Theme of the conference will be New Precious Metal Techn…
Granges contemplating merger
Merger talks between Granges Exploration (TSE) and Hycroft Resources & Development (VSE) have been expanded to include Goldbelt Mines (VSE). The proposed merger is subject to fairness opinions from in…
Cobalt silver gave birth to Ontario’s mining industry
In 1988, the town of Cobalt, Ont., celebrates its 85th anniversary — 85 years of uninterrupted silver production, yielding half a billion ounces. Agnico-Eagle’s emergence as the dominant force in the…
Some 28 juniors active in Nova Soctia exploration
Canada’s ocean playground is tiny — about the size of southern Ontario (55,500 sq km). But with a history of gold production dating back to the turn of the century it has not been overlooked by junio…
NRD signs agreement for more exploration
An agreement covering further exploration of the Pinto gold property located near Val d’Or, Que., has been signed with American Barrick Resources (TSE), Consolidated NRD Resources (VSE) reports. Barri…
INSIDER TRADES (June 13, 1988)
Audrey — Northgate Expl bought 140,845 (private) to hold 140,845. Barron Hunter Hargrave — J. Hargrave sold 75,000 to hold 4,367,200. S. Hargrave sold 48,000 to hold 2,471,200. Cominco — N. Keevil,…
Placer miners welcome new policy for Yukon
A new federal government policy governing placer-mining in the Yukon Territory has met with approval from the territory’s placer mining industry. Released in mid-May, the Yukon Fisheries Protection Au…