Ramcor Res. acquires five Quebec claims
Ramcor Resources (ME) has acquired from Rejean Roy a group of five claims located in Dalquier Twp. north of Amos, Que., in return for 100,000 common shares and payment of a 1.5% net smelter royalty. A…
News
Anglesey gets financing mining within two years
By taking on a local partner, Imperial Metals Corp., (TSE) has put its Parys Mountain project on a fast track to production. Located on the Isle of Anglesey in northern Wales, the polymetallic mineral…
Echo Bay completes Muscocho acquisition
Edmonton-based Echo Bay Mines (TSE) has completed the purchase of $23.5 million in convertible debt securities of Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (V…
Letters to the Editor Confused about amalgamation
Will someone please explain what is going on, to an ignorant, uneducated holder of many Canadian mining stocks? First, an article in The Northern Miner (April 11/88), stating that a huge new corporati…
Pezim consolidating control of Delware and SNIP project
Just how serious Murray Pezim is about keeping control of Delaware Resources (VSE) has become more than evident. Several companies in his Prime Capital Group have announced plans to purchase Delaware …
People (June 06, 1988)
Royex Gold Mining Corp – Peter McBride appointed director, public and investor relations and Igor Levental, director, acquisition and evaluations…
Hudson Bay’s Ruttan mine on hold as strike called
Operations at Hudson Bay Mining and Smelting’s (TSE) Ruttan copper mine at Leaf Rapids, Man., are at a standstill after 330 employees called a strike at midnight, May 31. In the latest setback for the…
Toronto Stock Exchange Resource issues lead strong advance
Like a breath of fresh air on a humid Toronto afternoon, a 3-day rally which has added more than 100 pts to the composite index couldn’t have come at a better time. With the market testing post-crash …
Stratabound gets funds for Indin Lake drilling program
Through a number of private placements and flow-through share agreements, Calgary-based Stratabound Minerals (ASE) has raised about $800,000 to finance exploration on its New Brunswick and Northwest T…
Montreal Exchange Market aims higher
A quiet market this week — volume slipped to 2.6 million shares one day — suddenly turned bullish on the final day of our report period, with the market portfolio gaining more than 39 pts and the mi…
Mascot reports operating profit
The Nickel Plate mine of Mascot Gold Mines (TSE) reported an operating profit of $8.3 million for the quarter ended March 31. During that period, Mascot paid off $10 million of its gold loan, equivale…
Omni leasing Venus mill to process Skukum ore
By leasing the former Venus mill from an affiliate, Omni Resources (VSE) hopes to have its Skukum Creek gold property in production later this summer. The mill was previously leased from United Keno H…