Goldstack joins Ariel
The Ariel mining group in Quebec has added a ninth member, Vancouver-listed Goldstack Resources. Goldstack has a 33 1/3% interest in the old Malartic Goldfield s mine site located near Val d’Or, Que. …
News
People (March 28, 1988)
Saskatchewan Mining Association — K. J. Cahoon elected president at the annual general meeting held in Saskatoon recently.
HSK Vigrass results
No economic gold values were assayed in core from an initial drill program completed by HSK Minerals on the company’s Vigrass Lake project near Kirkland Lake, Ont. The program was designed to follow u…
INSIDER TRADES (March 28, 1988)
Canamax — Amax Gold (Can) bought 83,500 to hold 6,922,057. Chelsea — Northgate bought 1,000,000 (private) to hold 1,000,000 common shares and bought 400,000 warrants to hold 400,000. Gldn Briar — M…
Stephen Roman dead at age 66
Stephen B. Roman, the man who took control of a penny mining stock in 1953 and built it into one of the largest mining empires in Canada, has died. He was 66. A spokesman for Denison Mines said Roman …
Copper demand expected to settle back
The copper “boom” appears to be coming to an end, according to any number of analysts, including Raymond Goldie of Richardson Greenshields. Supply of the base metal in 1988 in the Western world will j…
Muscocho, McNellen close to production on Magino property
The Magino joint venture of equal partners McNellen Resources and Muscocho Explorations expects to make a production decision on its gold property near Wawa, Ont., before the end of June. Muscocho Pre…
Inco Gold prepares to open first mines
Not yet a year old, Inco Gold is already gearing up to open its first gold mine in September, in the Casa Berardi area of Quebec. Then in 1989, two more mines are planned to come on stream, one in the…
Metal Prices FREE MARKET (March 28, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 22 Mar. 21 Mar. 17 Mar. 17 Mar. 16 Copper 1277-1279 1258-1262 1289-1291 N/A 1260-1262 Lead …
NovaGold offer extended
Shareholders of tse-listed Northumberland Mines have until April 5 to tender their shares to an offer by NovaGold Resources. NovaGold decided to extend the offer, which gives shareholders one NovaGold…
Report determines Louvem market value
An independent valuation of Louvem Mines of Val d’Or, Que., has concluded the gold-producing firm is worth between $2.40 and $2.72 per share, President P. Andre Lacroix reports. The valuation was prep…
Equity Silver anticipates continuing profits in 1988
A buoyant precious metal market will keep profits high in 1988, Equity Silver President A. Petrina tells shareholders in the annual report. British Columbia’s largest silver producing mine located nea…