Flow-through deal to fund Ego Wawa bet
Toronto-based Ego Resources (TSE) has entered a flow-through financing agreement with Tap-IV Resource Ltd. Partnership (TSE) to finance an extension of a recently completed 30,000-ft drill program at …
News
People (May 23, 1988)
Aintree Resources — Herbert Ackerman appointed president; Terry Fields director, succeeding Peter Cox who has resigned.
NIM’s prospectus will test CEIP
News that the federal government plans to introduce, at the start of 1989, an exploration incentive, or grant, scheme to help junior resource firms raise funds for exploration programs seems to have h…
Amca hits water but not much ore
Water problems have all but eliminated any chance of finding economic reserves near existing mine workings at Amca Resources’ (VSE) Silver Cross property in Arizona. Earlier reporting of low grade gol…
Editorial U.S. divided on free trade
Should the U.S.-Canada free trade agreement be approved by Congress in its present form? For the mining industry, this is a tough question. As Elmer Bierly, vice-president of Hecla Mining * * * told t…
Assoc. Porcupine, Amer. Reserve test deep potential at Paymaster
A deep-drilling program involving two surface rigs is under way at the Paymaster gold project in Timmins, Ont., where partners Associated Porcupine Mines (TSE) and American Reserve Mining (VSE) are ho…
Gold projects in Chile, U.S. add lustre to Westfield
The company is set to move into the ranks of significant gold and silver producers, President Peter McAleer told shareholders at the annual meeting of Westfield Minerals (TSE). Helping to launch it on…
Metal Prices PRODUCER PRICES (May 23, 1988)
ALUMINUM: MW U.S. Market $1.08-$1.11 per lb. (May 5, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (May 5, 1988). CADMIUM: New York …
Kerr spurns acquisitions in favor of development
In a bid to expand its existing assets to at least six operating mines, Kerr Addison Mines (TSE) of Toronto is planning to spend $70 million over the next two years on an ambitious development program…
Books (May 23, 1988)
Silver Islet: Striking It Rich In Lake Superior by Elinor Barr. ISBN 0-920474-4-1, 160 pages plus endpaper maps, archival photographs and extensive memorabilia. Premiere edition in a planned series of…
Goldbrook in Beardmore area
Goldbrook Explorations has acquired an option to earn a 50% interest in a 65-claim property 50 miles north of Beardmore, Ont. Located near the Onaman River, the property covers several polymetallic de…
St Andrew finances Stock Twp mill
Toronto-based St Andrew Goldfields (TSE) has raised approximately $22.1 million through a European financing for construction of a 500-ton-per-day mill at its Stock Twp. property near Timmins, Ont. Un…