Echo Bay budget $9.5 million
Echo Bay Mines has budgeted $9.5 million(US) for exploration work on its Kettle and Key gold properties in Washington state this year. The company can earn a 60% interest for an expenditure of $10 mil…
News
Letters to the Editor A pleasant reminiscence
I worked at the Lake Shore in the early ’30s and your recent Odds ‘n’ Sods story brought to mind an event that happened there. I was a machine runner working for Jone Southall in a stope on the upper …
Montreal Exchange Revised takeover bid
Although it currently holds 56.5% of the issued and outstanding common shares of Louvem Mines, St. Genevieve Resources appears to be meeting some resistance to its revised takeover bid for the gold pr…
Belmoral, Yorbeau complete agreement
Completion of an agreement whereby Belmoral Mines will spend $10 million to acquire a 50% interest in Yorbeau Resources’ Astoria gold property in northwestern Quebec, and $5 million to acquire Yorbeau…
Noramex gets results from Nevada drilling
Encouraged by a recently-completed 16-hole drill program, Noramex Minerals and partners Hillside Energy and Calvada Resources plan a $400,000 follow-up program on their Bunce heap leach gold project i…
Orofino reworks Red Lake mines
A re-interpretation of the geology of two former-producing gold mines 45 miles east of Red Lake, Ont. has resulted in good results for Toronto-listed Orofino Resources. Results from a drill program, d…
Metal snips (March 14, 1988)
Total sales of potash by North American producers for all purposes (including exports) during 1987 were about 17.5 million tons containing an equivalent 10.2 million tons K203 1/20, according to the P…
Montreal Exchange: Offer reconsidered
Having second thoughts about its proposed offer to buy all of the outstanding shares of Louvem Mines it does not already own is St. Genevieve Resources of Montreal. The company, which currently owns a…
1987 financial results, best ever for Northgate
Following the sale of its Chibougamau gold/copper mines to Western Mining Corp. of Australia, Northgate Exploration recently reported its best ever financial results. Northgate ended the year with app…
Vancouver Stock Exchange Pezim enters the fray for NAM
As was widely anticipated (N.M., March 7/88), a Prime Capital (Pezim) Group company has entered the takeover battle for Vancouver-based North American Metals. It has added a bit of much- needed excite…
Queries Beauce Placer remains an empty shell
Would you be kind enough to provide me with some information on Beauce Placer Mining Co. which seems to be active, even if I haven’t read about it recently, and on Prime Potash Corp. of Canada which a…
Inco reviews female policy after human rights ruling
Inco Ltd. is currently reviewing its female placement policy following a decision by a human rights inquiry which ruled that the company can no longer bar women of child-bearing age from working in pa…