Controlling the price of a metal
The dream of great wealth to be obtained from control of the international price of a metal or other commodity has ensnared many an adventurer. It is heady wine and is often carried with an obsession …
News
News in Brief (January 11, 1988)
On Sept 26, the Senate of the United States proclaimed the week of April 24-30 as Mining Awareness Week by adopting Senate Resolution 289. Mining Awareness Week coincides with the dates of amc’s MINEx…
Getty tells shareholders not to act on Total ofer
Following an evaluation by Wood Gundy Inc., Getty Resources is advising its shareholders not to tender their shares to Total Resources (Canada). Total has made an offer to buy all the issued and outst…
Mary Ellen project funded by Pacific
An exploration program, funded by Pacific Trans-Ocean Resources, has begun on a property optioned from Mary Ellen Resources. Located in Eby Twp., six miles west of Kirkland Lake, Ont., the property co…
Prospectors criticize tax reform
Proposed tax reform by federal finance minister Michael Wilson which would see the elimination of flow-through funding at the end of 1989 is a “serious over-reaction,” says the Prospectors and Develop…
Galactic acquires control of All-North
Galactic Resources Chairman Robert Friedland says his company has acquired of 68.45% interest in All-North Resources in exchange for 96.04% interest in Galactic’s subsidiary Hudson-Yukon Mining Co. Fr…
Alberta Stock Exchange Ontex still appealing
While other Alberta-listed exploration companies remain stranded in the $1 to $5 range, Borealis Exploration of Calgary cruised along last year at around $20. Without so much as an oz of production, t…
Golden Zone results (January 11, 1988)
Two drill results reported in the Dec 28 issue from Golden Zone Development’s gold-silver prospect in Alaska were incorrect. Hole 20C intersected 59 ft of 0.172 oz gold per ton (not 49 ft as reported)…
Open pit operation Cal Graphite prepares for production
Work is gearing up at Cal Graphite Corp.’s Graphite Lake property near Huntsville, Ont., with production scheduled to begin late in October. About one-third of the mining and milling equipment has bee…
Armistice sells Canreos 50% of Riggs Twp. bet
A 50% interest in two properties totalling 55 claims located west of Missanabie in northern Ontario has been acquired by Canreos Minerals (1980) of Toronto from Armistice Resources of Toronto for $200…
Fresh from outstanding year, Yukon looks forward to 1988
With a production value totalling $400 million from placer and hardrock operations, 1987 can only be described as an outstanding year for the Yukon Territories. Riding on a wave of flow-through share …
Ponask in Jamaica
An option has been acquired by Lake Ponask Gold which gives the company the right to earn a 50% interest in a property in Jamaica. Known as the Hope mine property, the ground was mined for lead in the…