Golden Tanager completes survey
A geophysical survey has been completed by Golden Tanager Resources (COATS) on the company’s two properties near Pickle Lake, Ont. On the North Caribou property, located 166 km north of Pickle Lake, t…
News
Cumberland financing
A $211,000 flow-through share placement by Cumberland Resources (VSE) will fund an exploration program on the company’s Prairie River property near Thunder Bay, Ont. Cumberland can earn a 45% interest…
Production possible by mid-1990: Yorbeau
Production at the Astoria property near Rouyn-Noranda, Que., could be 18 months away, the president of Yorbeau Resources (TSE), Karl Glackmeyer, told shareholders at the annual meeting in Montreal. “W…
Montreal Exchange Downturn in market
Whether or not the extra warm weather of late is responsible, something has caused a downturn in the market. While daily trading volumes the past week have been fairly constant (in the 4.8 million-to-…
Alberta Stock Exchange Tarzan climbs high
Volumes were down once again this week as Alberta investors continued to play wait and see with both gold prices and the future direction of the U.S. economy. As a result, the big traders like Interna…
Editorial Mining, too, a victim of over-taxation
Taxation in this country is draining us dry. Indeed it’s up over 1,000% since 1961, reports the reputable Vancouver-based Fraser Institute, which carries out an ongoing assessment of the whole, broad …
Northern Mining has 81 claims in Dunlop Bay area
Ownership of 81 claims (about 3,120 acres) in the Dunlop Bay area of Matagami Lake in northwestern Quebec is reported by Northern Mining Explorations (ME). Since 1985, numerous gold indications have b…
Prime buys U.S. Grant, brings in Bethlehem
Spreading its tentacles into Montana, Prime Capital has acquired control of U.S. Grant Gold Mining and the U.S. Grant property near Virginia City. Prime and a Vancouver junior, Bethlehem Resources, (V…
Editorial “Greenhouse” scare boosts nuclear power
Despite the recently-announced abandonment (after it had been completed) of a major U.S. nuclear power station, other events have offered hope and expectation that there will be no slowing in the worl…
OBITUARY John Black
John Black, a well known mining executive, died recently in North Vancouver. He lived his early days in St. Louis, Miss., and attended Queen’s University before joining Rio Algom in the early years of…
Breakwater buys control of Noramco
Breakwater Resources (TSE) has completed the purchase of 3.2 million shares or 19.9% of the issued capital of Noramco Mining (TSE) for an aggregate consideration of $20.8 million. Of that amount, $6 m…
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