$200m. uranium mine planned
Negotiations are in progress to form an international consortium charged with the task of building a $200-million uranium mine in Canada’s Arctic. Headed by Urangesellschaft Canada Ltd., (UG), an affi…
News
Obituary Huntly W.F. McKay
A former vice-president of the Toronto Stock Exchange (TSE), Huntly W. F. McKay, died recently. Born at Hemmingford, Que., McKay, 64, joined the TSE in 1963. He was vice-president markets and market d…
Granges applies mining knowledge
The transition from exploration to mining is a difficult one for any company and Granges Exploration is no exception. But it might have been a lot worse had Granges not had a 19.8% interest in the Tro…
Hayes debenture
Hayes Resources has received approval from the Toronto Stock Exchange to lower the conversion price of its 40 million Swiss franc convertible debentures. The conversion price will be lowered to $1.50 …
Bidding for North American may continue
U.S. gold mining giant Homestake Mining has dug deeper into its pockets and made a follow-up offer for North American Metals. Although North American’s board of directors favors the new offer, the bid…
Ecudor financing (April 04, 1988)
A private offering at $2 per share with la Societe en Commandite Sofimines 1987 secured Ecudor Mining of Rouyn-Noranda, Que., more than $1.1 million, the junior mining firm reports. Ecudor (formerly L…
Nova-Cogesco earns interest in Urbana bet
Three intersections grading more than 0.1 oz gold per ton over 5 ft have been reported by Nova-Cogesco Resources and Urbana Corp. from drilling at the latter’s Urban Twp. project near Lebel-sur-Quevil…
Alberta Stock Exchange Baslen high rader
An option to explore a 78-claim gold property in Val d’Or, Que., made a former oil producer called International Baslen Enterprises the the big trader this week. With 623,000 shares changing hands, th…
Conference to focus on nickel, moly, cobalt
A 3-day conference dealing with the nickel, molybdenum and cobalt industries is being organized by Metals Week for Tuscon, Ariz., Oct 26-28. In addition to the usual presentation of papers and speaker…
Nexus gets option in Hemlo gold bet
Vancouver- based Nexus Resource Corp. has signed a joint venture option agreement with Carlson Mines and Black Gregor Explorations to earn a 50% interest in the latter’s Marathon gold claims in the He…
Silverside, partners hike Garrison reserves
Related companies Silverside Resources and Proteus Resources report the recent completion of a drilling program on the 106-claim Garrison gold property in Garrison and Thackeray twps., in northern Ont…
COATS Trading Features (April 04, 1988)
A takeover offer for 750,000 shares of Newfield Mines helped perk up the share price of that issue to $1.85. Partners T & H Resources and Jonpol Explorations are making the bid. The latter companies h…