CoCa, Geodome merger planned this quarter
The proposed merger of CoCa Mines (NASDAQ) and Geodome Resources (NASDAQ) could be completed in the first quarter, said CoCa President Hugh J. Matheson. The deal will require the approval of the holde…
News
Canadian Mining Hall of Fame names twelve inaugural inductees
Pierre Beauchemin was a towering figure on the mining horizons of the province of Quebec. He was the founder of one of this country’s leading mining organizations, the Sullivan Group of companies. Of …
Tundra drilling (January 16, 1989)
A major drill program totalling more than 110,000 ft is scheduled to begin this month on the Lamaque gold project owned by partners Teck Corp. (TSE) and Tundra Gold Mines (VSE). The program, expected …
United Lincoln Drilling Expands MBX Gold-Copper Zone
With assay results in for the first ten holes of a major delineation drill program, United Lincoln Resources Inc. (VSE) is reporting an increase in gold grades at the open, southern end of the MBX dis…
Industry honors its own at first Halla of Fame dinner
Photo by George Onuska Franc Joubin, right, accepts his induction into the Canadian Mining Hall of Fame from Hall of Fame committee chairman Maurice Brown. Joubin was one of 12 inaugural inductees int…
La Fosse makes bid to purchase Louvicourt Gold
An offer to purchase 60% of the issued and outstanding common shares of Louvicourt Gold Mines (COATS) has been made by La Fosse Platinum (TSE). The offer will be made on the basis of one common share …
Start-up problems at McCabe
Stan West Mining (TSE) has encountered operating problems at its $35 million McCabe gold mine in Arizona. During the first quarter of operations, which began in September, 1988, the mine failed to gen…
Gold Funds (January 16, 1989)
BGR Goldcorp Central MVP Capital Net value $11.86 8.74 6.73 N/A Price $ 9.125 6.00 5.75 N/A Discount 23.06% 31.3% 14.6% N/A…
Toronto Stock Exchange New Year’s rally continues to make advances
A New Years rally continues to gain momentum adding another 24.12 pts to the composite index which closed at 3468.54 pts. Both the gold and metals indices advanced. Golds picked up 32.52 pts to close …
Franc R. Joubin, 1911-
Franc R. Joubin made his name and enduring reputation in uranium. It was Joubin who found the vast Blind River area uranium field in northern Ontario, today the site of the major operations of uranium…
Economic session
The American Copper Council will sponsor an economic outlook session at its luncheon meeting in New York on Thursday, Feb 2. Featured speaker, is Nicholas Perna, vice-president and chief economist for…
Cannon mine in Washington turns out 145,000 oz gold in 1988
The Cannon mine project of Asamera Minerals (TSE) is located just outside the city limits of Wenatchee. Even so, ask for directions and residents are generally hard-pressed to tell you exactly where i…