Delaware falls to Colossus
It almost seemed too easy and there wasn’t even a White Knight around to come to the rescue. Delaware Resource Corp. (VSE) has, as expected, fallen prey to Prime Capital affiliate, Colossus Resources …
News
Letters to the Editor Corrects Siscoe story
I read with great interest W. Babe Woollett’s April 11 “Odds ‘n’ Sods” article in The Northern Miner on the demise of Joe Siscoe. I knew Joe Siscoe and he was not a prospector. His brother, the late S…
Homestake wins battle for North Amer. Metals
The takeover battle for North American Metals appears to be over with U.S. gold producer Homestake Mining emerging as the victor. By midnight April 15, shareholders had tendered approximately 5.4 mill…
Tusk acquires LaRonge option
Calgary-based Tusk Minerals (ASE) has acquired an option to earn a 50% interest in a former producer called the Anglo-Rouyn and adjacent ground, the company said recently. Located about 35 km northeas…
Inco has a record quarter, but best is yet to come
Profit earned by Inco Ltd. (TSE) for the first quarter of this year is the largest such profit in the company’s history. Bolstered by the strongest nickel prices in the history of the industry, the co…
Tremblay honored
An engineer at Quebec’s Centre de Recherches Minerales, Remi Tremblay, was recently honored at the 117th conference of the American Institute of Metallurgical and Petroleum Engineers for his work on c…
Kam-Kotia purchases
Kam-Kotia Mines (TSE) has acquired an additional 159,000 Class B shares of Dickenson Mines (TSE) via purchases on the Toronto Stock Exchange. Kam-Kotia now owns 2,183,778 Class B shares or 41.6%.
Bateman claim option
Vauquelin Mines (ME) has acquired an option to earn a 60% interest in claims held by Bateman Bay Mining (ME) located 50 km east of Val d’ Or, Que. Vauquelin can earn its interest by spending $400,000 …
Essor has reserves
Work completed by Exploration Essor has outlined drill-indicated reserves of 207,000 tons grading 0.22 oz gold per ton in the Fayolle zone in Quebec. Partners on the project with Essor are Kerr Addiso…
News in Brief (April 18, 1988)
Rich Resources (VSE) has changed its name to Rich Capital Corp. on a share-for-share basis.
People (April 18, 1988)
Toronto Futures Exchange — Tristram S. Lett appointed to the board of governors.
Strong assays cut by Gemlo, Central
Strong gold assays have been received by Hemlo Gold Mines from the company’s Eagle River property held under option from Central Crude Ltd. Located in the Mishibishu Lake area west of Wawa, Ont., the …