COATS McNickel lower
Toronto-based McNickel Inc. slipped 20 cents lower to close at $3.30 on a volume of 21,500 shares this week. The company expects to have drills turning soon on its Lac St. Jean, Que., nickel-copper pr…
News
Placer drills Oneida bet
Placer Dome Inc. (TSE) has assumed management of the Mexican Hat project in Arizona from Oneida Resources (VSE). Placer has an option on the property giving it the right to earn a 60% interest by maki…
Thompson, Quebec Cobalt to form single company
Shareholders of Consolidated Thompson-Lundmark Gold Mines (TSE) and Quebec Cobalt and Exploration (ME) recently approved an amalgamation of the two companies. The two juniors are related in that they …
Midas acquisition provides cash flow
Midas Minerals (TSE) has acquired what few junior mining companies have — cash flow. The company, via a subsidiary company McKendry Quarries Ltd., has purchased the business and assets of limestone p…
Prospectors welcome court ruling
A Supreme Court of Ontario ruling on claims staking is being interpreted as favorable news for prospectors. Two claims in northwestern Ontario staked by Ray Ramsay in 1986 were cancelled a year later …
Skyline Gold goes it alone with $2 million program
Financially embattled Skyline Gold Corp. (TSE), which owns and operates the Johnny Mountain gold mine in the Iskut River region of British Columbia, has terminated discussions aimed at finding a purch…
Metall to buy seven mines from West German parent
Toronto-based Metall Mining (TSE), which recently acquired a large copper mine, smelter and refinery in Michigan for $83 million, is planning to add interests in an additional seven mines this year to…
St. George farms out U.S. properties
Through its U.S. subsidiary, St. George Minerals (VSE) has signed two letter-of- intent agreements for the exploration and development of its mining claims in the Battle Mountain district of Nevada. T…
Letters to the Editor Only neophytes squak about the VSE
I am very dismayed at the amount of mud being slung at the Vancouver Stock Exchange, not only by Diane Francis and other erstwhile Canadians, but now also by Forbes and Barrons in the U.S. Let it neve…
Shaft sinking completed on Tundra project
Shaft sinking has been completed by partners Noranda Inc. (TSE), Hemlo Gold Mines (TSE) and Total Energold Corp. (TSE) on their Tundra gold project, 130 miles northeast of Yellowknife, N.W.T. Part of …
People (June 12, 1989)
NEWMONT MINING — Graham M. Clark, Jr. elected vice-president and general counsel.
Noble Peak cuts good hole at Mac
The first assay results from drilling on the Mac zone by Noble Peak Resources (ASE) have been received. The first hole intersected 13.7 ft grading 0.18 oz gold per ton whereas the second assayed 0.21 …