People (May 02, 1988)
Ontario Ministry of Northern Development and Mines — John B. Gammon appointed director, mineral development and lands branch; Andrew J. Freyman, senior policy advisor.
News
Metall Mining posts 9-month earnings
Metall Mining (TSE) benefited from strong metal prices in the last quarter of 1987 to post net income of $17.3 million or 46 cents per share for the nine months ended Dec 31. That includes extraordina…
NEGOTIATIONS The Ground Rules
The Ontario Court of Appeal, in the case between Lac Minerals and International Corona Resources, has made most of the mining industry acutely aware of the concept of negotiation in mining deals. In e…
What’s new Clarification
In our January issue we announced that Wagner Mining Equipment of Portland, Ore., is marketing an electrical-powered scoop equipped with a 1/2-cu-yd bucket and a diesel-powered scoop of the same size….
Stay of execution still possible for flo-through funds
Members of the mining exploration community received some indication here last week that the federal government is about to back down from its plan to weaken flow-through shares. Robert Jones, directo…
Val d’Or, Abcourt pleased by results
Encouraging drill results have been reported by Val d’Or Resources (ME) and Abcourt Mines (ME) from the northern part of the Vendome property located 30 miles north of Val d’Or, Que., and three miles …
Letters to the Editor Inaccuracies and misinterpretations
We are appalled by the inaccuracies and misinterpretations in the two articles in your April 15 issue relating to recent agreements between Echo Bay Mines and three companies of our group. Your front-…
Reserves lower than expected at Granges gold bet
Reserves at the Tartan Lake gold project of Granges Exploration (TSE) and Abermin Corp. (TSE) may be lower than the “drill-indicated grade originally set out in the feasibility study,” says Abermin pr…
Alberta Stock Exchange Zahavy moves up (May 02, 1988)
The spectre of the Oct 19 market downturn may still be casting a long shadow across North American equity markets, but a number of Alberta gold stocks showed significant increases during trading this …
Thunderwqood earmarks $4.8 million for exploration on Goldhawk
With a conditional listing on the Toronto Stock Exchange and $1 million in working capital, International Thunderwood Explorations (VSE) is preparing to forge ahead with work on a number of key proper…
Quinterra pleased at Central Patricia
Exploration work completed by partners Quinterra Resources (TSE) and Pure Gold Resources (TSE) on the Central Patricia property near Pickle Lake, Ont., has returned strong gold values from the Springe…
Investment Comment Analysts give approval to Royex amalgamation
The recent amalgamation of the Royex group of companies under a new entity called Corona Corp. has been a major talking point in mining and investment circles. Coming, as it did, in the wake of a cont…