News in Brief (February 08, 1988)
Breakwater Resources has completed the private placement of 276,000 flow-through shares at $6.325 per share for total proceeds of $1,745,700. The money will be used to fund exploration work on mineral…
News
Cominco has a good year under Teck
Call it luck, good timing or good management — all three helped Cominco enjoy a very successful first year under Teck control. The luck Teck seems blessed with, good management it is renowned for, an…
Teck mill to Highland Valley
The long dormant Highmont mill of Teck Corp. will be incorporated into the Highland Valley Copper partnership which until now only included Cominco Ltd. and Lornex Mining. Cominco and Lornex put their…
Goldenbell progressing with Pine Tree project
With $28 million(US) in its treasury and access to a $35-million bullion facility, Goldenbell Re sources says it is adequately financed to bring the Pine Tree gold project in Mariposa Cty., Calif., in…
Placer pursues Laonil Lake property
Having completed a $1-million exploration program to earn 60% of Currie Rose Resources’ Laonil Lake gold property in northern Saskatchewan, Placer Dome is planning another sizeable drill program start…
Yukon gold show
The Klondike Placer Miners Association, along with the Dawson City Chamber of Commerce, is sponsoring a Gold Show in Dawson City, Yukon, on May 27-28. The Association says the event will be a comprehe…
Profile MAN WITH A MISSION
He’s not listed in the Who’s Who of Canadian Business. Not many academics trained in the esoterica of rock mechanics are. But if his ambitious plans work out, Dr Marc Denis Everell certainly would des…
Kewagama financing
A private placement agreement has been arranged between Kewag ama Gold Mines and a private investor who is also a company director. The company will issue a maximum of 250,000 common shares and a mini…
Oliver ups interest in Fairview gold bet
A $400,000 exploration program by Oliver Gold will earn that company an 80% interest in Cominco’s Fairview gold property near Oliver in south central British Columbia. The company first obtained 40% o…
Vancouver Stock Exchange Trading activity remains mixed
Trading activity in Vancouver has been mixed for the past week, reflecting in part weaker gold prices and the stronger U.S. dollar. At presstime the market index stood at 1,159.6, down marginally from…
The 1987 Coal Review QUINTETTE
Quintette Coal is located near Tumbler Ridge in northeastern British Columbia. It has long-term contracts for the supply of five million tonnes per year (plus or minus 5%) of high-quality metallurgica…
Letters HELPING HAND RE: MACHINE
Doctor in your November, 1987 issue. I would like to bring to your attention that the story should have stated that partial funding of this project was made possible by a grant from the National Resea…