Obituary Emerson Thompson
Veteran prospector Emerson Huck Thompson died recently at Durham, Ont., in his 81st year. Thompson, who prospected for many years for Conwest Exploration, did most of his lifetime work in Ontario and …
News
$420 million (US) Cominco project Grade makes Red Dog viable
About 100 miles north of the Arctic Circle and just a short flight to Alaska’s border with the Soviet Union, Cominco Ltd. (TSE) is rapidly developing its Red Dog mine, the largest and richest zinc dis…
FINANCING (July 25, 1988)
ONTARIO Released From Escrow Red Lake Buffalo — 475,000 shs released. VANCOUVER Etruscan — 250,000 offered @ 68 cents per sh. Int’l Baron — gross proceeds rec $487,000. Dual — 400,000 offered @ m…
Correction (July 25, 1988)
Contrary to what was reported in The Northern Miner recently, Galactic Resources and Lepanto Consolidated Mining have blocked out approximately 292,200,000 tons of grade 0.041 oz gold per ton at the L…
News inBrief (July 25, 1988)
Triple M Mining Corp. has changed its name to S. E. Storage Express (International) Ltd. (sxe:vse) on a share-for-share basis.
Northgate to acquire stake in five junior explorers
In its latest foray into the acquisition market, Northgate Exploration (TSE) will spend about $40 million to gain a major interest in five Vancouver exploration companies and a problem-plagued Califor…
Zenmac says new zinc mine can be nothing but winner
The highest grade zinc mine in the country, the Winston Lake operation at Schreiber which came into production early this year, “can be nothing but a winner,” H. A. Pearson, P.Eng., president of Zenma…
Vancouver Stock Exchange Seven Mile High gets attention
Surging gold prices did little to muster enthusiasm for most junior resource stocks today. One issue which saw better days during the Hemlo heyday, came back. International Interlake Industries, which…
Star One begins program across border From Premier Gold
Directly across the border from the Premier Gold project north of Stewart, Star One Resources (VSE) is under way with Phase I of a 2-stage exploration program on its 144-claim Mineral Hill property in…
Toodoggone drilling yields mixed results
Assay results from the first phase diamond drill program on the Golden Stranger claims has returned a 10 ft section grading 0.207 oz gold per ton, according to the joint venture partners in the Toodog…
INSIDER TRADES (July 25, 1988)
Cuvier — J. Lundrigan bought 12,500 to hold 183,000. Dundee-Palliser — Cons Talcorp sold 46,000 to hold nil. Kerr Addison — I. Bayer sold 6,000 (May) to hold 56,261. Mark Res — K. Hebben sold 100,…
COATS Trading Features (July 25, 1988)
Goldstake Exploration, which says the company is about to start producing gold from tailings, was steady at $2.40-$2.80. Volume was 33,000 shares for the week. The company has ground which covers a po…