Correction (June 06, 1988)
A bulk sampling program at the Theresa gold property near Longlac, Ont., will mine out up to 3,000 tons of rock for testing, partners Duration Mines (TSE) and Locator Explorations (VSE) say. In last w…
News
Gross award is presented
The first William Harvey Gross award, consisting of a medal and a cash supplement through an endowment provided by Lacana Mining Corp., was awarded to Robert Kerrich of the University of Saskatoon by …
Wawa area survey results released by Ont. ministry
The result of a recently completed airborne geophysical survey covering an area of 4,000 sq km surrounding Wawa, Ont., have been released, Mines Minister Sean Conway said recently. “These are the firs…
Euro-Nevada acquires Marigold interest
Euro-Nevada Mining Corp. has entered into an agreement for the acquisition of a 3% net smelter return on the Marigold mine near Battle Mountain, Nev., fo r $2,187,500 (US), decreasing to 1.75% nsr aft…
VSE halts Carter/Ward stocks until management changes made
A number of companies associated with promoters David Ward and Edward Carter have been halted by the Vancouver Stock Exchange until management changes are made. The VSE contends their continued associ…
Windarra planning major exploration
Windarra Minerals (VSE) reports that its initial private placement with Hemlo Gold Mines (TSE) has been completed. The placement consisted of two million shares at $2 per share, providing $4 million t…
Stan West financing
An $8.5-million debt financing has been completed by Stan West Mining (TSE) which will fund development at the company’s McCabe gold project in Arizona. Placed with Elders Finance Group, an Australia…
Strike at Inco averted, nickel prices still high
In times of prosperity, Inco Ltd. (TSE) has shown that it is prepared to share the spoils with its employees. That became obvious recently when about 6,300 hourly paid Inco workers voted to accept a n…
U.S. uranium tailings plan could end trade dispute
The current uncertainty in the U.S. uranium market could be cleared up soon. Unconfirmed rumors are that the U.S. government is prepared to put up about $1 billion for uranium tailings reclamation wor…
Central Crude play paying off for Noranda
If Richard Nemis was a little overexuberant in his analysis of Central Crude Ltd.’s (VSE) achievements in the Mishibishu, Ont., gold camp, no one at the company’s annual meeting could really have blam…
Investment Comment Sulphurets makes Newhawk a buy
While fears of rising inflation and interest rates means that investment opportunities among Canadian gold stocks have been few and far between, the outlook for the price of gold appears to be good. A…
Galactic at work on new mines as Summitville output goes up
With production expected to begin at two new U.S. gold mines, 1988 will be a busy year for Vancouver-based Galactic Resources (TSE). As the company attempts to establish itself as a major gold produce…