Goldstack joins Ariel
The Ariel mining group in Quebec has added a ninth member, Vancouver-listed Goldstack Resources. Goldstack has a 33 1/3% interest in the old Malartic Goldfield s mine site located near Val d’Or, Que. …
News
Thompson-Lundmark drills N.W.T. property
New drilling has started on the joint-venture property of Consolidated Thompson-Lundmark Gold Mines about 35 miles northeast of Yellowknife in the Northwest Territories. President Richard Evarts tells…
Tarzan in Casa Berardi
An exploration program has been started by Tarzan Gold on the company’s 923-claim property in the Casa Berardi area of Quebec. Located eight miles southwest of the Golden Pond mine project being devel…
Stephen Roman dead at age 66
Stephen B. Roman, the man who took control of a penny mining stock in 1953 and built it into one of the largest mining empires in Canada, has died. He was 66. A spokesman for Denison Mines said Roman …
Goldstrike helps Barrick profit
Exploration success at American Barrick Resources’ Goldstrike property near Elko, Nev., have contributed to some record-breaking financial results, the company said recently. Toronto-based Barrick sai…
HSK Vigrass results
No economic gold values were assayed in core from an initial drill program completed by HSK Minerals on the company’s Vigrass Lake project near Kirkland Lake, Ont. The program was designed to follow u…
INSIDER TRADES (March 28, 1988)
Canamax — Amax Gold (Can) bought 83,500 to hold 6,922,057. Chelsea — Northgate bought 1,000,000 (private) to hold 1,000,000 common shares and bought 400,000 warrants to hold 400,000. Gldn Briar — M…
Copper demand expected to settle back
The copper “boom” appears to be coming to an end, according to any number of analysts, including Raymond Goldie of Richardson Greenshields. Supply of the base metal in 1988 in the Western world will j…
Deal makes Nuinsco an Echo Bay subsidiary
Through a financing agreement with Echo Bay Mines, Toronto- based Nuinsco Resources has raised $1.65 million for exploration at its northwestern Ontario gold properties, the company said recently. As …
Muscocho, McNellen close to production on Magino property
The Magino joint venture of equal partners McNellen Resources and Muscocho Explorations expects to make a production decision on its gold property near Wawa, Ont., before the end of June. Muscocho Pre…
Metal Prices FUTURES PRICES (March 28, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 104.00 102.80 103.40 + 2.30 May 97.20…
Investment Comment Earlier acquisitions pay off for Echo Bay
An aggressive acquisition policy appears to be paying off for Edmonton-based Echo Bay Mines. After paying Tenneco Inc. $130 million in late 1986 for a number of precious metal properties in the United…