Melrose/Placer-Dome Inc. in Blackstock venture
Toronto-based Melrose Resources (VSE) says exploration is about to begin at the Blackstock Twp. property near Timmins, Ont., where the company is joint venturing with Placer-Dome Inc. (TSE). After spe…
News
People (June 20, 1988)
Quartz Mountain Gold Corp. — David S. Jennings appointed president and chief executive officer.
Davidson shareholders question non-mining deals
Several non-mining investments made by Davidson Tisdale Mines (TSE) came under shareholder attack at the company’s annual meeting. Despite dissension by a minority group, shareholder approval for the …
Editorial Rumors no substitute for reality
Sometimes, a good rumor packs a bigger and faster punch than facts do. Just ask anyone who plays the market. They know the rumor mill can be more real than the facts of a situation. Rumor also plays…
Reserves increase atGolden Pond
Reserves have been increased at the Golden Pond project shared by Inco Gold Co. (60%) and Golden Knight Resources (TSE) (40%). Located in the Casa Berardi area of northwestern Quebec, the deposits hos…
B. C. mines are cited for reclamation work
Four British Columbia mining/ exploration companies have been recognized for the quality, innovation and research work that has gone into rehabilitation of mining areas in the province. Three mines ci…
Hoisting: Engineers and legislators face off
It’s a very rare event in underground mines. But it couldn’t have happened at a worse time, in terms of public relations, for Placer Dome. As 500 delegates from around the world began checking into th…
Toronto Stock Exchange Summer rally pushes index near record high
Ground continues to be gained by the stock market which closed just shy of the 3,400-pt mark today. The market rally, which began several weeks ago, has added more than 200 pts to the composite index,…
Vancouver Stock Exchange Drill intersections spur trading
The Vancouver market has finally come down to earth after Huntington Resources reported a spectacular drill intersection (N.M., June 13/88) grading 2.0 oz gold over 235 ft. After reaching a high of $5…
PRODUCER PRICES (June 20, 1988)
ALUMINUM: MW U.S. Market $1.26-$1.32 per lb. (June 2, 1988). ANTIMONY: New York dealer $0.98-$1.02 per lb. (June 9, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…
FINANCING (June 20, 1988)
ONTARIO Golden Penguin — final rec iss offer 1,000,000 @ $1.60 per sh. Home Lake — final rec iss offer 500,000 @ $1 per sh. VANCOUVER Armanda Gold — gross proceeds rec $165,000. Rat Res — gross pr…
News in Brief (June 20, 1988)
Playing a much more aggressive role in the Vancouver market, Homestake Mining recently concluded option agreements with McConnell-Peel Resources (VSE) and Sheba Copper Mines. The agreements, which cov…