Letters to the Editor Flow-through shares
In regard to flow-through shares and the great impact they have had on the Prospectors and Developers Association’s recent convention, I wish to state that the reason I refused to join the Flow-Throug…
News
Hubert Lake revival slowed
Revival of the mining company Hubert Lake Ungava Nickel Mines is taking longer than expected. President Lloyd Beatty of Calgary had hoped to have the Quebec cease-trading order on the company lifted t…
Pacific Minesearch boosts interest in Howie gold bet
Pacific Minesearch has increased its potential ownership in the Howie gold project in North Carolina to 43.75% by purchasing the original 49.9% interest in the project held by Discovery West. Pacific …
Rayrock delay in drilling Carlin may be blessing
It could be several weeks yet before Rayrock Yellowknife Resources, as operator of the Dee Gold project in Nevada, commences the deep drilling program from its open pit at the north end of the prolifi…
COATS Trading Features (March 28, 1988)
Tarzan Gold was the volume leader for another week on coats, trading more than 260,000 shares to $1.65. The company has started a major exploration effort on a large tract of land immediately south of…
Cassiar gets $25m. loan
The government of British Columbia has agreed to loan Cassiar Mining up to $25 million to develop its McDame asbestos deposit near Cassiar, B.C. Because of its difficult financial position, Cassiar Mi…
Skylark to drill Carlin
A drill program is scheduled to begin shortly on the Pan property held by Skylark Resources (60%) and Pic Prospectors International (40%). Located in the Carlin area of Nevada, the Pan claims have bee…
TSE permits discount on private placements of flow-through shares
The Toronto Stock Exchange says it will permit listed companies to issue flow-through shares through a private placement at a discount to the market price of up to 15%. The exchange says the policy ch…
Iron Ore’s iron recovery to get a boost from CANMET
It’s expected that as a result of a new company/government technology agreement, the Iron Ore Co. of Canada, (iocc), will be able to considerably improve iron recovery from fine ore now going to taili…
Queries Sunburst President hopes for better days
I am writing to request some information on a company called Sunburst Exploration. When I last heard from them, they were involved with Soquem and Sullivan Mines in a joint venture property at Rouyn-N…
Toronto Stock Exchange Soaring nickel sparks Inco, Falconbridge
Nickel, the metal which no one wanted during most of the 1980s, can’t be had today. As a result, several records were set as the nickel price rally, which started at the beginning of the year, explode…
Editorial Stephen B. Roman
The death of Stephen B. Roman is truly a milestone in the history of Canada’s mining industry. Seldom has one man put his stamp so firmly on such a large mining enterprise. Seldom has the grip of one …