Trans-Dominion to acquire 48.3% of Doelcam
Trans-Dominion Energy Corp. (TSE) plans to acquire a 48.3% equity interest (3.8% voting) in Doelcam Mining, a private company controlled by Dennis MacLeod. The interest will be acquired in exchange fo…
News
U.S. REPORT Atlas Gold loss resulted from battle with Blasius
A net loss of $1.92 million(US) or 65 a share was reported by Atlas Gold Corp. for the first fiscal quarter ended Sept 30. This compares with a net loss of $17,000 or 1 a year earlier. President Rich…
Homestake subsidiary initiates cost study
Primarily because of a major cost over-run for road access which was largely out of its control, North American Metals (VSE), a 73.2%- owned subsidiary of Homestake Mining (NYSE), is preparing an inte…
Continental to merge with United Lincoln
Affiliate companies Continental Gold (VSE) and United Lincoln Resources (VSE) plan to merge. The amalgamation will be on the basis of one Continental share for one share of the new company. United Lin…
Argyle begins program on Pickle Lake property
A first-phase drill program operated by Argyle Ventures Inc. (VSE) is about to begin on the Dorothy Lake gold property in the Pickle Lake area of Ontario. Path Resources, a private company, is spendin…
Blackdome encouraged by recent drill results
Exploration drilling designed to outline new ore reserves on Blackdome Mining Corp.’s (TSE) high grade gold property in British Columbia has returned encouraging results, the company reports. A major …
Vista exploration
A drill program is scheduled to begin in mid-February on the Uskik Lake property held by Vista Mines (TSE). The work will test several geophysical targets defined by the company last year. The propert…
Editorial The doors are open
January 1, 1989, holds no magic for Canadian companies that sell their goods or services south of the border. The free trade agreement between Canada and the United States officially went into effect …
Vedron searching for new targets
Current underground work at the Vedron gold project in Timmins, Ont., is geared to define additional targets for reserves which are immediately accessible to the ramp workings, Vedron Ltd. (TSE) repor…
Metal Prices FUTURES PRICES (January 09, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Jan 154.50 152.00 151.70 + 0.70 Feb 146.10 146.10 …
Drilling continues on Asquith’s Matona mine gold property
The first 12 holes of an 8,000-ft diamond drilling program have been completed on Asquith Resources (COATS) Matona mine property in Tyrrell Twp., 20 miles west of Gowganda, Ont. The program, currently…
HudBay tackles challenges at Namew Lake nickel mine
The country’s newest nickel mine will produce 12.5 million lb of nickel this year compared with the 15 million lb originally planned. The reason is a delay in reaching full capacity, now set for some …