Mining research network would cost $50 million
The nation’s nine mining degree granting universities are planning to establish an elaborate, coast-to-coast research network which would cost about $50 million over four years. They recently presente…
News
Chile gold boom attracts Canadian firms
Favorable foreign investment laws combined with attractive gold potential have convinced some Canadian mining firms that risk taking in the mountains of Chile is bound to pay off. Currently the third …
Letters to the Editor Free trade and peace
The 12 nations of Europe, which at times have been bitter enemies, contemplate free trade and communication by 1992. Can two old friends, like Canada and the United States, do less? If friendly nation…
FINANCING (October 17, 1988)
VANCOUVER Cazador Expls Ltd — gross proceeds rec $180,000. Gulderand Mining Corp — 400,000 offered at 75 per sh. Amanda Res Ltd — 600,000 offered at 40 per sh. Shoshoni Gold Inc — 500,000 offere…
Spot prices at a glance (October 17, 1988)
Week’s Price (US) Change Gold (per oz) $404.70 $7.45 Silver (per oz) $6.26 $0.04 Platinum (per oz) $517.00 $10.00 Copper (per lb) $1.27 $0.08 Lead (per lb) …
Kewagama raises exploration funds
A flow-through financing agreement worth $435,000 has been reached between Kewagama Gold Mines (Quebec) (ME) and CMP 1988 III Resource Partnership and Co., Ltd. Under the agreement, shares will be iss…
Resources Stroud, Chevron on track at Hislop Twp gold property
Toronto-based Stroud Resources (TSE) says that diamond drilling has continued to expand reserves in the Creek zone on its Hislop Twp. gold property near Matheson, Ont. The company reports the number o…
New mining law for Quebec
Quebec’s new Mining Act and its regulations will officially come into force Oct 24. Approved in 1987 to replace the old act which was passed in 1965, the new mining legislation contains a number of ch…
Recycling metals conference
The department of mining and metallurgical engineering at McGill University is presenting a professional development seminar titled “the recycling of metals” on Dec 5 – 7. Topics include: a historical…
Exall seeking opportunities
At the annual meeting of Exall Resources (TSE), held recently in Toronto, President Stephen G. Roman said the company is now in a secure financial position to actively seek opportunities in the minera…
Editorial Rock Mechanics — Can it prevent tragedy?
The recent death of James Wilson, Jr., an experienced miner, and his partner Bruce Braman in a roof collapse at the Denison- Potacan potash mine in Sussex, N.B., was indeed tragic. But it should not b…
Funds for Orleans
A financing agreement worth $188,000 has been arranged between Orleans Resources (ME) and NIM Resources — 1988 and Co. Ltd. Partnership. To be issued are 250,667 shares at 75 per share. The funds wi…