Editorial Getting the most from COATS
A dynamic over-the-counter stock exchange could have a significant role to play in the Canadian securities industry as an efficient but inexpensive marketplace for stock-issuing companies. Not only co…
News
Placer miners profitable despite unique problems
When he makes one of his rare trips from the Yukon’s Klondike gold district to Toronto, placer gold mining expert Paul White doesn’t ride into town on the back of a burro. Like most of the other compa…
Corona buys shares in Golden Nevada
Recently acquiring a 10.4% interest in Golden Nevada Resources (VSE) was Corona Corp. (TSE). Corona said it purchased slightly more than one million shares in the junior in a private deal. Among other…
Coral aims to double production at Robertson mine
Vancouver-based Coral Gold Corp. (VSE) is looking to double the production capacity of its 100%-owned Robertson open pit gold mine located in the Battle Mountain district of Nevada. Louis Wolfin, pres…
Denison financing
Denison Mines (TSE) has raised $50 million from a placement of units with brokers Burns Fry, Gordon Capital, Nesbitt Thomson Deacon and Wood Gundy. Each unit consisted of one class B non-voting partic…
Calpine modified out of Prime’s takeover plan
The business arrangement whereby Prime Resources (VSE) was to have acquired all the shares of Canacord Resources (TSE) and Calpine Resources (VSE) has been modified. Prime still intends to proceed wit…
Mazarin reserves
Quebec junior Mazarin Inc. (TSE) reports it will hire an independent firm to proceed with a calculation of reserves at the company’s graphite deposit in the Fermont area of Quebec, by the end of March…
Regal Goldfields gets Lac St. Jean claims
Two blocks of claims in the Lac St. Jean area of Quebec have been acquired by Toronto-based Regal Goldfields (COATS). According to President Douglas Bannerman, the first property comprised of 18 claim…
Correction (March 27, 1989)
Union agreements do not require Campbell Resources (TSE) to keep its S-3 mine open as recently reported (N.M., Mar 20 /89). Campbell is exploring for additional reserves in the hope of prolonging the …
Big width on surface kindles interest in Quebec nickel find (March 27, 1989)
Surface trenching on the McNickel property north of Lac St. Jean, Que., has uncovered important looking nickel-copper mineralization over impressive dimensions. One area, measuring 300 ft in width, ha…
VSM, Serem-Quebec extend drilling
An additional $420,000 is being allocated to a drilling program under way at the zinc-silver-gold Grevet M property in northwestern Quebec, partners VSM Exploration (ME) and Serem-Quebec report. The f…
Star Lake mine closed
The Star Lake gold mine has been closed following the depletion of its orebody, Cameco — a Canadian Mining and Energy Corp. says. Located near La Ronge, Sask., the mine opened in Jan. 1987 wih a 2.5-…