Analysts watch Homestake for Pickens’ move
After failing to gain control of Newmont Mining Co., Texas oilman T. Boone Pickens may be preparing for a run at another major American gold producer, a New York-based mining analyst says. “Early indi…
News
Fairfield/Getty program yields impressive results
An impressive-looking zinc discovery has been made west of Watson Lake, Yukon, by Fairfield Minerals and Getty Resources. Only a portion of the structure hosting the deposit has been tested and geolog…
Aster Explor offering
Following the downturn in the stock markets in October, Aster Exploration has decided to make changes to its recent public offering. The company’s $2.8-million offering consists of common and flow-thr…
Galactic and partners withdraw Newmont offer
An offer by Ivanhoe Acquisition Corp. to purchase 28 million common shares of Newmont Mining has been withdrawn and shares will be returned to the tendering shareholders. Ivanhoe is comprised of affil…
Books (November 30, 1987)
A new worldwide reference book on open-pit gold operations, titled Gold-Silver Bulk-Tonnage Deposits, has been published by Minobras Mining Services and Research, P.O. Box 1620, Fallbrook, Calif., 920…
Rea Gold developing adit
An adit is being driven into the L98 massive sulphide lens at Rea Gold Corp.’s concession zone in the Adams Lake area of British Columbia. President Larry Reaugh says the $2-million exploration progra…
Cornucopia, Glactic move on Carlin bet
An attempt to speed up exploration at the huge Ivanhoe property in the Carlin gold trend near Elko, Nev., has produced some significant new discoveries, The Northern Miner learned recently. But even t…
Alberta Stock Exchange (November 30, 1987)
In recent trading sessions, positive drill results from Jilbey Industries’ Fontana gold property near Amos, Que., has kept the issue buoyant while others have floundered. As if to emphasize that, Jilb…
EDITORIAL Quintette: a question of confidence
Perhaps Quintette Coal is indulging in a bit of mid-negotiation posturing when it says it may have to close its northeastern British Columbia coal mine unless it can resolve differences with its partn…
Peter Island, Sholia in option agreement
Peter Island Resources has entered into an option agreement with Shoilia Resources whereby Sholia may earn a 51% interest in Peter Island’s 42 claims located at the Tabor Lake area in Ontario’s Kenora…
Meet technological, marketing challenges head on, U.S. mining
** advised ** Changes in production and use patterns around the world are causing profound changes in the U.S. mining industry which, by consolidating its efforts, should rid itself of obsolete plants…
New Mascot underground mine to augment surface production
Production at Mascot Gold Mines’ Nickel Plate operation near Hedley, B.C., has traditionally been from underground workings, despite the fact there is a major open pit mine there today. But Mascot has…