Timmins Nickel hits on Langmuir property
Recent drilling by Timmins Nickel (TSE) on the Langmuir No. 1 deposit, four miles east of the company’s Redstone mine, has intersected 3.44% nickel over a true width of 40 ft. The intersection came fr…
News
Hemlo offers $9 million for Magnacon mill
Cash-rich Hemlo Gold Mines (TSE) has dug into its deep pocket with a $9-million offer to Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE) for their interests in the mill and surface fac…
Results from Rendell-Jackman do little to increase reserves
Recent results from Major General Resources’ Rendell-Jackman property in Newfoundland suggest that the Hammer Down gold zone may be pinching out to the east. While probing strike extensions of the zon…
Granges reports loss of $972,000
For the three months ended June 30, Granges (TSE) reported a loss of $972,000 versus a loss of $1.07 million in the second quarter, 1989. The company reported that earnings from mining operations for …
U.S.REPORT NEWS IN BRIEF
.U.S. Grant Gold Mining Co. Ltd. (USG:VSE) has changed its name to Atrium Resources Ltd. (ATM:VSE) on a 1-new-for-7-old- share basis. Transfer agent is Central Guaranty Trust.
OBITUARY (September 10, 1990)
George Webber, longtime employee of the Hollinger gold mine in Timmins, Ont., died recently in Georgetown, Ont. He was 89. Born in London, England, he came to Canada in the early 1920s. Webber initial…
PEOPLE NERCO MINERALS (September 10, 1990)
Jess Cline appointed vice-president of administration and Paul Daggett appointed to vice-president and controller.
NEWS IN BRIEF (September 10, 1990)
Denison Mines recently sold its 19.5% interest in Parlake Resources (TSE) in a private transaction. Denison declined to reveal the price it received for the 496,611 shares of the junior it sold.
Vancouver Stock Exchange Vancouver market stages modest recovery
After an extended downward spiral, both Vancouver Stock Exchange Indices staged rebounds over the week ended Sept. 4: the Resource Index up about five points to the 740 level, and the Composite Index …
Total buys shares in junior affiliate
Open-market stock purchases by Total Resources (Canada) of Calgary have boosted the company’s holdings in Total Energold (TSE) to 72.5% of the latter’s outstanding shares. Total Resources, a wholly ow…
Coal receives boost from Gulf crisis
In 1776, the historian Gibbon observed that the command of iron gives a nation the command of gold. Much the same might be said of coal to which the story of iron is so inextricably tied. By 1761, the…
Alberta Stock Exchange Flag ponders deal
A recent staking rush northeast of Sudbury, Ont., has management at Flag Resources smiling. The junior, with property in the area, is reported to be considering a proposal from Falconbridge Ltd. for a…