News


FINANCING (August 29, 1988)

ONTARIO Fiedmont — final rec iss offer 1,500,000 @ $1.32 per sh. Released From Escrow Cambior — 1,644,887 shs released. Moli — 2,000 shs released. VANCOUVER Pine Channel Gold — 600,000 sold for gr…


Belore to earn 50% of United Reef bet

Toronto-based Belore Mines (ASE) has agreed to earn a 50% interest in United Reef Petroleums’ (TSE) Meat Cove deposit, the company said recently. Located on Northern Cape Breton Island, N.S., the zinc…


Timmins Report Matheson stops prosperity

Black River – Matheson Township council has been accused twice of behaving in a manner that prevents prosperity to the township, located 40 miles east of Timmins, near the burgeoning Harker-Holloway g…


Query Aldermac was Ascot

I’d like to know what happened to Aldermac Copper Corp. I understand it was bought by Ascot Metals Corp. in 1949. I’d like to know the name of the present company which took over Aldermac Copper. F. …


Noranda nearing 20% stake in Falconbridge

Not content with simply being Falconbridge Ltd.’s largest single shareholder, Noranda Inc. has increased its ownership of the nickel producer to 16.5% and will probably buy more. After failing once to…




Books (August 22, 1988)

The Gold Hunter’s Guide to Nova Scotia by Tony Bishop. Author discusses where to find gold in Nova Scotia, how to stake a claim, prospect and pan. Finer details include mining law, equipment needed, h…



Nerco celebrates Con mine’s 50th

Nerco Minerals recently celebrated the 50th anniversary of its Con mine at Yellowknife. Mine officials and local residents marked the occasion at the Robertson headframe, the tallest structure in the …


Books in Review OGS publishes new book on gold

An 8-year study by the Ontario Geological Survey has culminated in publication of a new book about gold, titled Archean Lode Gold Deposits in Ontario. Underlining the importance of the book’s subject …


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