Tyranex takeover planned by Gunnar
A takeover offer has been made by Gunnar Gold Inc. for all the issued and outstanding shares of Tyranex Gold. Gunnar is offering three Gunnar shares and a $2 debenture for each four shares of Tyranex …
News
Spirit Lake planning summer drill program
Encouraging drilling results have been reported by Spirit Lake Explorations (ME) from a winter program carried out at the company’s Edwards prospect in Jacobson Twp., located 20 miles northeast of Waw…
With adit in place Geddes targets Windy Craggy ore
Toronto-based Geddes Resources (TSE) has almost completed a 7,000-ft adit at the Windy Craggy copper-gold-cobalt-zinc project in northwestern B.C., shareholders were told at the company’s recent annua…
Investment Comment Strong lead, zinc base making Cominco a buy
An expected end to the recent copper “boom” may not be music to the ears of Cominco Ltd.’s Vancouver-based executives. With an output of 194 million lb in 1987, Cominco was Canada’s second- highest le…
Alberta Stock Exchange Lacklustre session
In a relatively uneventful trading session, International Baslen Enterprises topped the list. With 422,500 shares changing hands the issue gained 15 cents to close at 93 cents . International Baslen …
Drill heads for Sullivan target
Drilling is scheduled to start this week on a single 5,000-ft hole near Cranbrook, B.C., in similar geological terrain as that which hosts the Sullivan lead-zinc-silver mine. The hole, which is estima…
Gold strategy pays of in Moinorco’s balance
Debt free and equipped with just under $900 million(US) for precious metal acquisitions, Luxembourg-based Minorco (NASDAQ) has confirmed its new precious metals acquisition strategy by investing in tw…
Annual gold output 650,000 Royex companies amalgamating
An amalgamation of five companies within the Royex-Corona group will create a Canadian gold- mining firm with annual production of 650,000 oz. The five companies involved are Royex Gold Mining (TSE), …
Acquisition by Pine Point will keep company going.
Loyal shareholders of Pine Point Mines (TSE) should be relieved to learn the company will be around for a while longer. The 50.1%-owned Cominco subsidiary recently agreed to acquire a 33% interest in …
Reserve estimate calculated by Murgold, Chesbar
A reserve estimate has been calculated by partners Murgold Resources (40%), VSE and Chesbar Resources (60%), ME for their Chester Twp., Ont., gold property. The property is located 67 miles south of T…
Canadian firm has process for recovery of platinum
What is believed to be a significant breakthrough in the recovery of the platinum group metals appears to have been made by Platinum Lake Technology Inc., a private Canadian company with strong backin…
Joutel to get Noront assets
A reserve takeover of Noront Resources (VSE) will take the company from the mineral exploration field to the computer sector. Under the terms of a proposed deal, Noront will transfer all its mining pr…