Murray E. Watts, 1909-1982
Murray Edmund Watts is credited with the discovery of the huge Raglan nickel deposits on the Cape Smith belt in the northern Ungava region of Quebec; with the location of the Asbestos Hill asbestos de…
News
MNDM reorganizes
The Mineral Development and Lands Branch of the Ministry of Northern Development and Mines has been reorganized. “The new structure will help the branch to fulfil its mandate and enhance service to th…
Glimmer Resources
Glimmer Resources (VSE) and Master Gold did not sign a farm-in agreement before the Dec 12 deadline as intended. Glimmer is continuing negotiations and is actively seeking participation which will ens…
Perimeter acquires Ontario gold prospects
Surface work to delineate drill targets is planned to start early next year on the Brinklow Occurrence, a gold prospect recently acquired by Perimeter Ventures (VSE) near Longlac, Ont. The company sai…
BREAKING NEW GROUND CALLINAN
Last March, Hudson Bay Mining & Smelting dealt a 49% interest in the Callinan deposit, just north of Flin Flon, Man., to Manitoba Mineral Resources in return for $9.7 million to be spent developing th…
Agnico ups stake in Dumagami to 42%
Toronto-based Agnico-Eagle Mines (TSE) has increased its direct ownership in Dumagami Mines Ltd. (TSE) to 42% by acquiring an additional 16% stake in the company from Mentor Exploration and Developmen…
Editorial Low, low interest rates
The following is taken from a recent presentation by Donald Worth, vice-president of the mining specialist group for the Canadian Imperial Bank of Commerce, at a seminar for brokers and market watcher…
Mimiska/Sphinx
Two members of the Ariel mining group of Quebec, Mimiska Mining (ME) and Sphinx Mining (ME), have arranged for the issuance of 729,287 shares in a deal with CMP Resource Partnership and Co. Ltd. and C…
Galactic plans $50 M U.S. offering
The U.S. investment banking firm of Drexel Burnham Lambert Inc. is to be the underwriter of a proposed $50 million(US) offering by Galactic Resources (TSE). The company’s wholly-owned subsidiary, Gala…
Editorial Looking ahead to 1989
Crystal-ball gazing is a hazardous occupation, but once every winter, as we cross the threshold into a new year, we indulge our inclination to tell the universe just how we expect it will unfold. If t…
COATS trading features (January 02, 1989)
Matt Berry Mines has perked up recently, and this week saw moderate trading activity in the 25 to 43 range. Volume was 163,700 shares. A few weeks ago, this issue had been trading as low as 13 cent…
Octan completes Terra mine deal (January 02, 1989)
Calgary-based Octan Resources (ASE) has completed the acquisition of Terra Mines’ (TSE) Camsell River assets in the Northwest Territories which were shut down due to low silver prices in 1985. They in…