Texas Star exploring Seattle mine property
An underground exploration program is under way at the Seattle Mine/Flag Hill property at Republic, Wash. The program is being funded by Texas Star Resources (VSE) which can earn a 50% interest in the…
News
Editorial We’re way behind on market regulation
We in this country are subjected to essentially the same market forces — including the excesses and abuses — as are our big neighbors to the south. Yet all too often we follow but lag behind their r…
Investment comment Falconbridge issue expected to lag
Riding on some of the healthiest commodity prices seen in recent years, Falconbridge Ltd. (TSE) went into fiscal 1988 in what can only be described as sterling financial shape. The Toronto-based nicke…
Jascan, Scotia Prime to go underground
Two companies with plans for underground programs within the next six months are Jascan Resources (ASE) of Toronto and Scotia Prime Resources of Halifax. Jascan is drilling the Dufferin Mine property …
Augmitto financing
Private placements totalling $8 million have been completed by Augmitto Explorations (TSE). The company placed three million Class A special shares at $1.80 per share with European investors. Another …
Sharp increase in quarterly profit for Noranda Inc.
Earnings for Noranda Inc. (TSE) continue to sparkle. The resources giant recorded a second-quarter net income of $186 million on total revenue of $2.3 billion, compared with $103 million on revenue of…
Rio ’89 meetins
A call for papers has gone out for the 13th International Geochemical Exploration Symposium and the 2nd Brazilian Geochemical Congress slated for Rio de Janeiro Brazil, Oct 1-6, 1989. Sponsors of the …
Spectacular results bode well for Muscocho group’s Magnacon
Partners Flanagan McAdam Resources (TSE) (50%), Muscocho Explorations (TSE) (25%) and Windarra Minerals (VSE) (25%) have announced a flurry of drill ** results from the Magnacon property which can on…
Annual SME meeting
More than 5,000 delegates are expected to attend the annual meeting and exhibit of the Society of Mining Engineers set for Feb 27-March 2, 1989, in Las Vegas, NV. To be held in conjunction with the an…
Garrison encouraged by drill results
Further drilling is planned on property in Michaud Twp., 65 miles east of Timmins, Ont., reports COATS-listed Garrison Creek Consolidated Mines. The property’s Ludgate zone has been the site of recent…
Feasibility study underway at Goldstake’s tailings bet
The U.S. subsidiary of Goldstake Explorations (COATS) is conducting a feasibility study on its Whitewood Creek tailings project in South Dakota’s Black Hills area, shareholders were told at the annual…
Amax Gold expansion plan to add 40,000 oz per year
From remarks made by Charles Stott, Jr., president and chief executive officer of Amax Gold at the company’s 1988 annual meeting in Golden, Colorado. I’d like to give you an overview of the Sleeper Mi…