Editorial Buying shareholders’ votes
Consider an investor of modest means who holds 100 shares of Inco. How do you think that investor will vote when the company’s board of directors ask his approval to implement a “shareholders’ rights …
News
Opening new gold mines mean greater costs
Opening new gold mines will almost always take longer than expected and, because more time means greater cost, companies planning to start new mines should be prepared for those costs says Canamax Res…
Mixed Results From Toodoggone Drilling
Results of a recent drill program on the Chappelle project in the Toodoggone area of British Columbia has led Multinational Resources (VSE) to the conclusion that economic grades are restricted to bel…
Hall of Fame dinner postponed
The Canadian Mining Hall of Fame inaugural dinner has been postponed to Jan 9, 1989. The dinner, where the first inductees into the Hall of Fame will be announced, was to have been held on Nov. 21, 19…
Anglo Dominion Gold has first half loss
Toronto-based Anglo Dominion Gold (TSE) continues to suffer from the market malaise which is currently hampering the fund raising efforts of many Canadian junior exploration companies. The company rep…
Aurogin, Duration pleased with Batchwana exploration
Grab samples from six areas within Aurogin Resources (VSE) Batchawana property have returned gold assays ranging from 0.2 to 0.4 oz per ton. The large 495-claim property is shared by Aurogin and Durat…
Coxheath’s tests show Tangier can operate profitably
A production decision has not been made yet, but the economic viability of mining gold from Nova Scotia’s narrow-vein, Meguma- hosted deposits is no longer in doubt. Coxheath Gold Holdings (TSE) of Be…
Montreal Exchange A year’s difference
There was little celebration one year ago today when stock markets around the globe collapsed. Not that it was the end of the world; on the contrary, investment life went on, albeit at a somewhat slow…
Hidden Lake Gold acquires large property in N.W.T.
An option to earn a 51% interest in the 40,000-acre Camsell Lake property located 115 miles northeast of Yellowknife, N.W.T., has been obtained by Hidden Lake Gold Mines (VSE) from a private claim own…
Clarification (October 24, 1988)
The Denison-Potacan Potash Company, a partnership of Denison Mines (TSE) and Potash Company of Canada, has been as thorough in its implementation of rock mechanics engineering at its Sussex, N.B., pot…
Cominco/Redfern drill program reveals massive sulphide lens
Exploration work at the old Tulsequah Chief mine in northwestern British Columbia has outlined massive sulphide mineralization in a brand new zone called the G lens. The property is being explored by …
Ore Reserve Increase at Gabanintha Mine (October 24, 1988)
A reassessment of the ore reserves at the Gabanintha mine by Dominion Gold Mines of Australia has increased the reserves now drilled out in the current mining area to over 2.2 million tons at an in-si…