Huntington shakes VSE
What has been described as a “barn burner” of a drill hole yielded spectacular gold values at Huntington Resources’ (VSE) Brett property west of Vernon, B.C. The intersection that may have jolted th…
News
San Paulo share sale
Subject to a July 15 closing, San Paulo Explorations (ASE) has entered into an agreement to sell, on a private basis, one million shares in the capital stock of the company at $1 per share with warran…
Cassiar negoitating to buy copper mine from Newmont Mines
At press time The Northern Miner learned that Cassiar Mining (TSE) was negotiating the purchase of Newmont Mines’ Similkameen Copper operation near Princeton, B.C. The move by Cassiar appears to be an…
Inco expects its nickel price will top $5/lb
The world’s premier nickel producer, Inco Ltd. (TSE), says its expects its average realized price for nickel will exceed $5(US) per lb for the second quarter of 1988. The company, which doesn’t normal…
Haileybury speaker
Haileybury School of Mines held its graduation recently and the convocation speaker for the event was James S. Redpath, founder and chairman of the J. S. Redpath group of companies. In 1962, Redpath …
Metall attempts to shed `holding company’ image
When Placer Dome Inc. (TSE) announced recently that it was selling a 25% stake in Falconbridge Ltd. (TSE), one of the most likely buyers appeared to be Metall Mining(TSE). The newly created mining win…
Overton to amalgamate with Newfoundland Exp.
Toronto-based Overton Energy and Resources has agreed in principle to amalgamate with private company called Newfoundland Exploration, Overton said recently. “Newexco’s” principle asset is the Handcam…
Impressive assays SNIP looks good underground
Impressive assay results have been reported by Cominco Ltd. (TSE) and Delaware Resources (VSE) from underground exploration and development in the Twin zone at their SNIP project northwest of Stewart,…
Books in Review Register of Australian Mining
REGISTER OF AUSTRALIAN MINING, 1988-89, edited by Ross Louthean. Published by Resource Information Unit, 100 Hay St, Subiaco, Western Australia, 6008. Price $195. Overseas (North and South America), $…
Rockford to get shares of Northern Ranger
Rockford Minerals (TSE) has agreed to buy a controlling block of 4.7 million shares of Northern Ranger Minerals (ASE) from Northfield Capital Corp. (COATS) in a share exchange agreement. Northern Rang…
St Andrew announces financing proceeds
St Andrew Goldfields (TSE) has announced the receipt of proceeds from the May 4 underwriting of a 25-million(SFr) issue of convertible bonds. The issue was underwritten by a Swiss-based bank consortiu…
Low key Cambior Inc. growing at a fast pace
Since Quebec crown corporation Soquem spun off its assets in 1986 to form Cambior Inc. (TSE), the new entity has been one of the least vociferous of Canada’s mining outfits. Rather than boast about it…