Pamour selling stake in Canadian Arrow
In the midst of a corporate restructuring, Pamour Inc. (TSE) is selling its 46.4% interest in Canadian Arrow Mines (TSE) to First Toronto Capital, a merchant banking company. Shareholders of Canadian …
News
Muscocho aims to boost output
With the Magino gold mine ready to pour its first bar this month, and the Magnacon gold mine on stream for production during the first quarter of next year, Muscocho Explorations (TSE) is aiming to tu…
Letters to the Editor No shares involved
There is an error in your May 20 edition story on American Pacific Mining (page 21). The story notes that the El Mochito mine in Honduras was purchased by APM from Rosario Resources, an AMAX subsidiar…
Federal geologist
A story in last week’s edition (N.M., June 13/88) on exploration activity in the east Arctic should have identified Jacobus (Ko) Griep as the geologist for the Keewatin district in the Northwest Terri…
Grab samples
Annual meetings, under normal circumstances, provide shareholders with the opportunity to meet management, ask questions and get updated on past performance and future company plans. Naturally, one as…
Gold production up, Cambior boosts profit
Gold production by Cambior Inc. (ME) has increased to 42,986 oz in the first quarter of this year from 30,439 oz produced during the same period last year. The big improvement was reflected in the com…
Alberta Stock Exchange Biron among gainers
While concerns over rising interest rates were felt on the New York and Toronto stock exchanges, some Alberta gold stocks were posting some of the highest gains in recent months. Jefferson Valley Gold…
News in Brief (June 13, 1988)
Stratabound Minerals Corp. (VSE) has signed a letter of intent with Sofomines 1988 and Co. Ltd. Partnership of Montreal whereby the company will receive up to $500,000 in exploration funds in exchange…
Uranium Resources leaching in situ reserves in Texas
Dallas-based Uranium Resources, which now trades on the Vancouver Stock Exchange, wants to become a significant player in the United States uranium industry. The company specializes in the solution mi…
Mining industry thrown an unexpected lifeline by Ottawa
If mining observers were staring into their crystal balls last October and predicting the demise of many junior sector companies, some recent developments are forcing the pessimists to take another lo…
Manitoba’s base metals sector had novel beginning manitoba base
The large and sophisticated base metal mining industry in Manitoba began in December, 1914, when a local Indian, David Collins, showed Thomas Creighton a mineralized outcrop near what is now Flin Flon…
Continental Gold to drill shear zones at Trophy bet
Crews have been mobilized and drilling is expected to begin in July at Continental Gold Corp.’s (VSE) Trophy property in northwestern B.C. The $2-million exploration program will follow up a successfu…