News in Brief (March 07, 1988)
Atlas Yellowknife Resources has changed its name to PanAtlas Energy Inc. (pa:tse) on a 1-new- for-12-old share basis.
News
Books (March 07, 1988)
Atomic Energy Canada Limited by George Lermer. 75 pages, Cat. No: EC22-145-1987E, ISBN 0-660- 12553-6. $8.95(C); other countries $10.75(C). Canadian Government Publishing Centre, Ottawa, Ont. K1A OS9….
COATS Trading Features (March 07, 1988)
A new issue, Transgold Resources, was the volume leader on coats this week. After trading more than 320,000 shares, the issue advanced from its issue price of 45 cents to a high of 80 cents . With l…
Parklane plans bulk sampling
Encouraged by initial drill results, Calgary-based Parklane Technologies plans a bulk sampling test at its Hillsborough gold prospect near Beardmore in northern Ontario. Parklane has an option to earn…
Considerable jump in 1987 earnings for Noranda Inc.
An excellent fourth quarter helped Noranda Inc. boost its 1987 earnings almost eight times compared with the previous year. The metals giant reported earnings for 1987 of $343.5 million ($2.14 per sha…
Euro-Nevada to sell Hasbrouck property
With a first-quarter cash position of $8.4 million, Euro-Nevada Mining of Toronto considers itself well financed to seek royalty acquisitions in the Carlin gold belt near Elko, Nev. Incorporated last …
Third zone possible: Mazarin, Dufresnoy
Two new mineralized zones have been discovered and the potential exists for a third gold showing at the Union Mining-New Bidlamaque gold property at Val d’Or, Que., Mazarin Inc. reports. Mazarin, whic…
Pickens’ Homestake offer not serious, analyst says
Having whetted his appetite for gold during unsuccessful bid for control of Newmont Mining Co., Texas oilman T. Boone Pickens is back in the hunt for another major gold producer. The target this time …
Exploration activity has businesses in Red Lake booming
Mineral exploration has been a boon to the Red Lake, Ont., district during the past year. In fact, the sum total of employment generated by those looking for mines rivals that of the Campbell Red Lake…
X-Cal doubles strike
Drilling by X-Cal Resources on the company’s Snowbird gold property near Fort St. James, B.C., has doubled the strike length of the main gold mineralized zone to more than 4,000 ft. The additional str…
The ongoing saga of the huge – and hapless – Ok Tedi mine
The mineral specimens were magnificent — massive magnetite- chalcopyrite, boulder-sized. The geologists had just brought them in from the field, 2000 miles by foot, helicopter and ‘plane. It was late…
Success at Nickel Plate and Hedley revives skarn interest (March 07, 1988)
Skarn-type deposits have been minor but steady producers of gold throughout history. More than one million kilograms of gold have been produced from 50 skarn deposits worldwide. This represents only t…