Control block of Falconbridge worth $500m.
Anyone with $500 million and an urge to purchase the controlling block in Falconbridge Ltd. (TSE) is advised to talk to Placer Dome (TSE). The giant gold producer says it wants to unload its Falconbri…
News
NIM Management files prospectus
Because of the federal government’s new policy on flow- through shares, NIM Management will be filing a preliminary prospectus for two million limited partnership units ($200 million) of NIM Resource …
Skyline test milling
Test milling is expected to begin at Skyline Explorations’ (VSE) Johnny Mountain gold property by month-end and full production by mid-June, the company claims. The lower level adit now extends for ab…
Northgate acquires shares of Norbeau in Roxmark swap
A share exchange agreement has given a private company called Zinc Metal Corp. 1,339,675 shares of affiliate Roxmark Mines (TSE) formerly held by Northgate Exploration (TSE) of Toronto. In return, Nor…
Goldbrae, Selectek Snow Lake agreement
Selectek Industries (VSE) has reached an agreement with Goldbrae Developments (VSE) whereby Selectek will earn a 50% interest in Goldbrae’s North Star property in the Snow Lake area of Manitoba by spe…
Encouraging results at Trans America, Sherrgold venture
Trans America Industries (VSE) has been advised by its joint venture partner, Sherrgold Inc. (TSE) that preliminary results from a drilling target west of Shortie Lake are encouraging. However, assayi…
Echo Bay, Nuinsco still short of mineable grades at Cameron
The jury is still out on the mineability of the Cameron Lake gold deposit in northwestern Ontario, shareholders were told at Nuinsco Resources’ (TSE) recent annual meeting in Toronto. Partners Nuinsco…
Obituaries (May 16, 1988)
Thomas M. Crandell, vice-president mining for Orofino Resources, died in Orillia, Ont., May 6 after a brief illness. Crandall, who was also general manager operations for Orofino’s parent company, Nor…
CIM a success, trade show a money-maker
More than 1,400 delegates signed up for the 90th annual meeting of the Canadian Institute of Mining and Metallurgy held at the convention centre on the banks of the north Saskatchewan River in this ho…
Strengthening dollar cuts Brunswick’s quarterly earnings
High metal prices and increased production contributed to a profitable first quarter for Brunswick Mining and Smelting Corp (TSE). Net earnings for the quarter were $3.9 million or 11 cents per share …
Canamax gold discovery boon for Kremzar mill
When Canamax Resources (TSE) decided to build a brand new 500- ton-per-day mill to process ore from the soon-to-be-producing Kremzar property near Wawa, Ont., the facility was designed to handle an ad…
Black Swan acquires Australian gold find
A significant new gold discovery with near-term production potential has been acquired by Black Swan Gold Mines (VSE) in Western Australia. Located 285 miles north of Perth, the Carlinga Well project …