News in Brief (December 26, 1988)
Consolidated P.C.R. Industries has changed its name to Oregon Resources Corp. (ORE:VSE) on a share-for-share basis. News in Brief Thor Gold has changed its name to Solomon Gold Corp. (SGT:ASE) on a sh…
News
U.S. REPORT Gold Texas completes Buckhorn drill program
Gold Texas Resources (VSE) reports significant drill results have been obtained from its 4,100-acre Buckhorn project located in Washington state. The property, owned jointly by Gold Texas and Crown Re…
Earnings Reports (December 26, 1988)
Landmark Corp. (TSE) of Toronto reports a net loss for the 9-month period ended Sept 30 of $6.14 million or 23 per share on revenue of $4.92 million. For the same period a year earlier the company re…
Esso expects bids in New Year
Bids will likely start coming in during the first week of January for the assets of Esso Minerals Canada, which were put on the selling block earlier this year by parent Imperial Oil. President Michae…
Hanson zinc-copper deposits firms up
Drilling by Cameco — A Canadian Mining & Energy Corp. on the Hanson Lake property has outlined three sulphide lenses displaying the potential for hosting in excess of three million tons of zinc-coppe…
Talk of platinum-free converter sends metal’s price reeling
The spot price of platinum dropped about $100 recently following an announcement in the United States by the Ford Motor Co. that it is developing a catalytic converter which does not require the metal…
FINANCING (December 19, 1988)
VANCOUVER Anglo American Res — 624,000 offered @ 45 per unit. Blue Emerald Res — gross proceeds rec $210,000. Loumic Res Ltd — gross proceeds rec $200,000. Tansy Res — 400,000 sold for gross $140…
Books (December 19, 1988)
Walter Guppy’s book “WetCoast Ventures” (N.M., Dec 5/88) can be ordered directly from him at Box 94, Tofino, B.C. VOR 2Z0. Or you can contact Guppy by phone (when he’s not out prospecting) at 604- 725…
Normetal meeting
A general and special meeting is being organized by Normetal Mining Exploration (ME) for Dec 21 at Rouyn-Noranda, Que., at which shareholders will vote on a private placement worth $400,000 with Socie…
Canaustra finds sulphides on Gull Pond property
A new discovery of polymetallic sulphides has been made by Canaustra Gold Exploration (VSE) on the Gull Pond property in the Baie Verte peninsula of Newfoundland. The discovery was the result of back-…
Westgate has major plans
Westgate Mines Limited of Calgary, Alta., plans to launch a major gold development approximately 50 miles northeast of Hanes, Alaska. The property is situated on the British Columbia/Alaska border, on…
Bullish outlook for base-metal producers
Base metal prices may slip back next year from their 1988 highs if economic growth slows but they will likely remain significantly above their early-1980s lows for the period 1989-1993, London-based M…