Cusac wins $2.7 Million judgment
The Supreme Court of British Columbia awarded judgment in favor of Cusac Industries (TSE) in an amount totalling $2.6 million as a result of a contractual dispute with Total Erickson, now known as Tot…
News
Lyon Lake focusing attention on Mosquito
A 50% interest in the Mosquito property in the Barkerville-Wells area of British Columbia will have been acquired by Lyon Lake Mines (ME) at the end of this year following the expenditure of $6 millio…
Metal Prices (December 19, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 Copper …
Stroud, Chevron discovery
Another gold mineralized zone has been intersected by drilling on the Hislop property owned by Chevron Resources and Stroud Resources (TSE). Located near Timmins, Ont., the Hislop property protects a …
Plexus financing cancelled
A financing package that would have seen Golden Knight Resources (TSE) purchase one million shares of Plexus Resources (TSE) at $3 each has been terminated. It was contingent upon the latter’s Rawhide…
Syngold/Thunderwood merger expected after resignation
Toronto-based affiliates Syngold Exploration (TSE) and International Thunderwood Explorations (TSE) have agreed in principle to merge their exploration assets into a single company. The decision to am…
Books (December 19, 1988)
Walter Guppy’s book “WetCoast Ventures” (N.M., Dec 5/88) can be ordered directly from him at Box 94, Tofino, B.C. VOR 2Z0. Or you can contact Guppy by phone (when he’s not out prospecting) at 604- 725…
Stratmin financing
Financing totalling $450,000 has been announced by Stratmin Inc. (ME), the money to be spent on exploration work at the company’s Mont-Laurier graphite property in Quebec. Stratmin says CMP 1988 Resou…
Delta drilling results please partners
Encouraging drilling results from the Delta platinum property in the Cape Smith area of Ungava in northern Quebec have been reported by the three companies involved in the project. Falconbridge Ltd. (…
Metall reports higher earnings during third quarter of 1988
Despite operating problems at the Ok Tedi gold/copper mine in Papua New Guinea, Toronto-based Metall Mining (TSE) strengthened its financial position recently. Third-quarter net income increased to $6…
$1.6 million program for Weedy Lake
A 2-phase $1.6-million exploration program could begin next month on the Weedy Lake gold property owned by Golden Rule Resources (TSE), Tyler Resources (TSE) and Cameco — a Canadian Mining and Energy…
Lornex wind-up meets opposition
An agreement concluded earlier this month between Rio Algom (TSE) and Teck Corp. (TSE) which would see Lornex Mining (VSE) discontinued as a public company is said to be facing opposition by at least …