SMDC confirms Fork Lake zone
Infill drilling completed by Saskatchewan Mining Development Corp. on the Fork Lake gold property in Saskatchewan, has confirmed the continuity and high grade nature of the zone, the company says. Par…
News
Tarzan in Casa Berardi
An exploration program has been started by Tarzan Gold on the company’s 923-claim property in the Casa Berardi area of Quebec. Located eight miles southwest of the Golden Pond mine project being devel…
Prime Group firm bids for Delaware Resources
One of Murray Pezim’s Prime Group companies has moved to take control of Delaware Resources Corp., whose principal asset is the snip gold project near Stewart, B.C. Colossus Resource Equities has made…
News in Brief (March 28, 1988)
Charlim Explorations has changed its transfer agent to Guaranty Trust Co.
Investment Comment Earlier acquisitions pay off for Echo Bay
An aggressive acquisition policy appears to be paying off for Edmonton-based Echo Bay Mines. After paying Tenneco Inc. $130 million in late 1986 for a number of precious metal properties in the United…
HBM&S turns profit in ’87
Net income of $39.3 million on revenues of $342.6 million was reported by Hudson Bay Mining and Smelting in 1987, compared to a net loss of $20.2 million on revenues of $291.2 million in 1986. Preside…
Metal Prices FUTURES PRICES (March 28, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 104.00 102.80 103.40 + 2.30 May 97.20…
Hubert Lake revival slowed
Revival of the mining company Hubert Lake Ungava Nickel Mines is taking longer than expected. President Lloyd Beatty of Calgary had hoped to have the Quebec cease-trading order on the company lifted t…
Letters to the Editor Flow-through shares
In regard to flow-through shares and the great impact they have had on the Prospectors and Developers Association’s recent convention, I wish to state that the reason I refused to join the Flow-Throug…
Pacific Minesearch boosts interest in Howie gold bet
Pacific Minesearch has increased its potential ownership in the Howie gold project in North Carolina to 43.75% by purchasing the original 49.9% interest in the project held by Discovery West. Pacific …
Cassiar gets $25m. loan
The government of British Columbia has agreed to loan Cassiar Mining up to $25 million to develop its McDame asbestos deposit near Cassiar, B.C. Because of its difficult financial position, Cassiar Mi…
Iron Ore’s iron recovery to get a boost from CANMET
It’s expected that as a result of a new company/government technology agreement, the Iron Ore Co. of Canada, (iocc), will be able to considerably improve iron recovery from fine ore now going to taili…