Cambior to take over nova-Cogesco Res
Major Quebec gold producer Cambior Inc. (TSE) has announced a takeover bid for all of the outstanding shares of Nova-Cogesco Resources (TSE). Cambior says it will pay $1.80 per share on the condition …
News
Toronto Stock Exchange Massive Inco trades boost market volumes
More than 8.7 million shares of Inco Ltd. were traded today in a blizzard of action valued at more than $300 million. The immense volume, about 8.7% of the company’s issued and outstanding shares, com…
X-Cal discovers new zone at Snowbird
A new gold- bearing area called the East zone was located by X-Cal Resources (TSE) along a 1.5-km length of previously unexplored structure at its 100%-owned Snowbird gold project near Fort St. James,…
1990 annual meeting
A call for papers has been issued for the 1990 Society of Mining Engineers first Annual Meeting, Feb 26-March 1, in Salt Lake City, Utah. The deadline for receipt of preliminary abstracts is Feb 1, 19…
Corona-Varna deal
Corona Corp. (TSE) has the right to earn a 100% interest in a Newfoundland gold property owned by Varna Gold (ASE). The interest in the Mings Bight project can be earned by paying Varna $360,000 over …
Diepdaume funds
A private placement worth $325,000 has been completed by Diepdaume Mines (VSE) whereby it has issued 829,717 flow-through shares at $0.3917 per share to NIM and Co., Ltd. Partnership — 1988. Diepdaum…
People (December 12, 1988)
SISCOE CALLAHAN MINING — Brian Game appointed to the board of directors succeeding Shirley Dyer who has resigned.
Spot prices at a glance (December 12, 1988)
Week’s Price (US) Change Gold (per oz) $425.35 +$ 4.05 Silver (per oz) $ 6.11 +$ .04 Platinum (per oz) $597.00 –$ 5.00 Copper (per lb) $ 1.64 +$ 0.10 Lead (pe…
J.A.G. pondering on-site test mill
Encouraging results have been received by J.A.G. Mines (ME) from underground sampling of the Aubelle vein at the Belleterre property in northwestern Quebec. Average grade of the assays of 10 bulk samp…
Exploration chief sought by LAC
Gold producer LAC Minerals (TSE) is looking for a new vice- president exploration. Robert Valliant, appointed to the position in the spring of this year, has left the firm. Valliant, who had been with…
Books in Review Nevada Mines’ report
Nevada Mines and Geology Special Publication MI-1987, “The Nevada Mineral Industry — 1987,” is now available. This publication is ninth in a series of annual reports that summarize mining, oil and ge…
Chevron, Manville become joint owners of Stillwater mine
The Stillwater platinum- palladium mine in Montana now has two owners. The board of directors of Manville Sales Corp. has approved a deal whereby Manville and Chevron Resources will purchase the one-t…