News in Brief (January 09, 1988)
Permian Resources has changed its name to M.L. Cass Petroleum Corp. ** ** (MLO:VSE) on a 4-old- for-1-new share basis. ** New Spirit Resources and Developments Inc. has changed its name to …
Articles by Northern Miner Staff
Books in Review Property transactions and exploration activity
With high prices for developed gold properties in the U.S. dampening the ardor for acquisitions, there is a renewed interest on the part of mining companies in acquiring less-developed properties. Met…
Alberta Stock Exchange (January 09, 1988)
Judging by the low volumes and lack of activity on the Alberta Exchange this week, 1989 was heralded in with more of a whimper than a bang. Of the Alberta gold issues, only Holmer Gold Mines made any …
Metals trader Deak tries to win producer status
New York-based metals trader Deak International Inc. is gearing up for a two-pronged attempt to become a producing mining company. After amalgamating wholly- owned subsidiary Deak Ariadne, with Canadi…
Canadian Iron Ore: 1950 to 1986
The Iron Ore Company of Canada (IOC) began shipping from its new mine at Schefferville in 1954. It was the first of the mines in the Labrador Trough, which would reshape the Canadian iron ore industry…
Lornex reorganization
The reorganization of Lornex Mining Corp. (VSE) has been completed, partners Rio Algom (TSE) and Teck Corp. (TSE) say. Shareholders of Lornex approved the amalgamation of the company with a wholly-own…
Toronto Stock Exchange (January 09, 1988)
If the first week of the New Year is a precursor of things to come, then hold on for a ride because base metal prices continue to head in one direction — up. During the week, prices for copper, nicke…
Trans-Dominion to acquire 48.3% of Doelcam
Trans-Dominion Energy Corp. (TSE) plans to acquire a 48.3% equity interest (3.8% voting) in Doelcam Mining, a private company controlled by Dennis MacLeod. The interest will be acquired in exchange fo…
U.S. REPORT Atlas Gold loss resulted from battle with Blasius
A net loss of $1.92 million(US) or 65 a share was reported by Atlas Gold Corp. for the first fiscal quarter ended Sept 30. This compares with a net loss of $17,000 or 1 a year earlier. President Rich…
Homestake subsidiary initiates cost study
Primarily because of a major cost over-run for road access which was largely out of its control, North American Metals (VSE), a 73.2%- owned subsidiary of Homestake Mining (NYSE), is preparing an inte…
Continental to merge with United Lincoln
Affiliate companies Continental Gold (VSE) and United Lincoln Resources (VSE) plan to merge. The amalgamation will be on the basis of one Continental share for one share of the new company. United Lin…
Argyle begins program on Pickle Lake property
A first-phase drill program operated by Argyle Ventures Inc. (VSE) is about to begin on the Dorothy Lake gold property in the Pickle Lake area of Ontario. Path Resources, a private company, is spendin…