NIM’s prospectus will test CEIP
News that the federal government plans to introduce, at the start of 1989, an exploration incentive, or grant, scheme to help junior resource firms raise funds for exploration programs seems to have h…
News
Cove bid pays off for Echo Bay
There is obviously an element of luck in whether or not a deposit turns out to be large. But only if a company is out there rolling the dice does it stand a chance of winning big. At the McCoy/Cove go…
Bagdad permits still elude Mark V
Development work continues at the Bagdad gold mine in Granite Cty., Mont., where Mark V Petroleums and Mines (VSE) is planning to start a small 200-ton-per-day operation, June 30. While the Vancouver …
Alberta Stock Exchange Jen-Tek issue halted
Due to the higly unusual trading activity of the Jen-Tek Enterprises and Explorations issue, the Alberta Stock Exchange issued a halt trading order this week on the company’s shares. A press release b…
Belmoral Mines looks ahead to improved gold output
Although Belmoral Mines (TSE) had record earnings in 1987, both income and production were lower than expected. The company continues to look ahead, and is projecting gold output of 97,000 oz in 1990….
Stratmin testing
A recovery rate of 98.6% of crystalline flake graphite has been achieved from tests on graphitic material taken from a wholly- owned property located near Mont Laurier, Que., Stratmin Inc. (ME) report…
Investment comment TVX offers exposure to S. America
While car manufacturers and high tech specialists look to Japan and the Far East for innovation and higher productivity, precious metal mining companies, regard South America as the new land of opport…
Glen Auden/Mineta drilling completed
A 36-hole overburden drill program has been completed at the joint venture between Glen Auden Resources (TSE) and Mineta Resources (VSE) in Massicotte Twp., Que. Twenty-four of the holes contained gra…
Obituary Frederick G. Cooke
Frederick G. Cooke, a well known consulting mining engineer, died recently in West Vancouver. He started his career with Falconbridge Nickel in 1939 and later served overseas with the RCAF where he ac…
Letters to the Editor Gold “hoarding” explained
Gold hoard mocks poverty, an editorial in your issue of April 4, does not reflect knowledge of the social customs and attitude of Indians. It also shows lack of sensitivity to other peoples’ customs. …
Lac Minerals doubles 1st-quarter earnings
Doubling its earnings during the first quarter of this year compared with 1987 was Lac Minerals (TSE), which attributes the hefty increase to higher gold prices and a higher interest income. Earnings …
Malartic Hygrade looking to boost gold production
Aiming to increase its annual gold production to the 100,000-oz level, Malartic Hygrade Gold Mines (Canada) (VSE) is looking to acquire mines at or near production, says President Marc Henderson. Hend…