Placer Dome and Lucero in Brazil
An agreement between Placer Dome and Lucero Resource Corp. will provide funds for acquisition of a gold property in Brazil. The agreement calls for Placer Dome to spend $120,000(US) by the end of 1988…
News
Severide, Pure Gold
Encouraging gold values are being intersected by partners Severide Resources and Pure Gold Resources from a mineralized zone ranging up to 330 ft in width. The property is near Fort Hope, Ont. Drillin…
Letters to the Editor Collaring a ramp?
Would you please explain to your readers just how you “collar” a ramp? (First bulk test on Fontana bet, — (N.M., March 14/88). Maybe you should color the ramp — like the Yellow Brick Road. Could I c…
Metal Prices FREE MARKET (April 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 29 Mar. 28 Mar. 25 Mar. 24 Mar. 23 Copper 1293-1295 1300-1302 1260-1262 1330-1332 1292-12…
INSIDER TRADES (April 04, 1988)
Augdome — B. Gerol sold 96,837 to hold 5,050. Canuc — K. Murton bought 35,000 (private) to hold 227,554. Cheni Gold — Com Francaise de Mines bought 43,700 common shares and 68,570 units to hold sam…
Queries Offer made for Pamour shares
I read recently that Giant Acquisition Corp., a wholly-owned subsidiary of Giant Resources is offering to buy all the outstanding common shares of Pamour Inc. for $10 per share. The remainder are held…
Stratmin plans more drilling on graphite bet
More drilling is planned by Stratmin Inc. of Montreal along a 6,000-ft electro-magnetic anomaly on a wholly-owned graphite property located south of Mont Laurier, Que. The company recently released th…
Noranda ups reserves at Banbury’s B.C. bet
Drilling by Noranda Exploration has increased reserves on Banbury Gold Mines’ Hedley, B.C., property. Noranda has the right to earn a 51% interest in the property by spending $3 million before the end…
Zinc plays catch-up with other metals
While not quite emulating the price run-ups experienced of late by copper and nickel, zinc has seen its price rise and, according to the securities firm Shearson Lehman Hutton, is trading at its highe…
PLACER DOME’S CHIEF
Almost three years ago, when John Walton joined what was then Placer Development as its president and chief executive officer, the question mining people were asking was “Who is John Walton?” And for …
DOME SWEET DOME
Harry Preston was probably the first and maybe the only Canadian prospector to lose his footing and find a mine. The story goes that in June, 1909, Preston, in a prospecting group led by John Wilson, …
50 YEARS AGO — APRIL, 1938 RISING GOLD PRICE ABOUT THE ONLY THING
The latest economic developments are extremely interesting for the Canadian metal-mining industry. Inflation psychology has been injected into business and finance. An increase in commodity prices ove…