Correction (February 29, 1988)
Equinox Resources has an option to earn a 60% interest in the Maude Lake gold deposit in Ontario. The deposit contains reserves of more than one million tons grading 0.2 oz gold per ton, not 0.1 oz as…
News
Employees end strike at Lac mine
Hourly employees at Lac Minerals’ Bousquet mine near Malartic, Que., have voted 80% in favour of accepting a new three-year collective agreement, the company said recently. The 262 employees represent…
Lead/zinc meetings
The 60th annual meeting of the Lead Industries Association and the 70th annual meeting of the Zinc Institute will open April 11 in Chicago. The 3-day lead/zinc affair will cover marketing and supply-d…
Toronto Stock Exchange Sliding bullion prices pull resource issues
A crashing gold price, which erased 232.13 pts from the tse’s gold and silver index today, was the only highlight in a generally lacklustre trading week. Bullion tumbled through the $440-mark to $435….
Walter Baker named Prospector of the Year
Walter Baker, an 83-year-old Kirkland Lake prospector who first suggested to Donald McKinnon that claims around the cpr whistle-stop of Hemlo might be worth looking into, has been named Prospector of …
COATS Trading Features (February 29, 1988)
The volume leader on coats this week was Tarzan. Trading more than 450,000 shares, the issue hit $1.25 at the high. Tarzan’s exploration projects, which are run by well- known geologist Robert Middlet…
Adit at first objective on Geddes copper deposit
A 5,400-ft-long adit has reached its first objective at the Windy Craggy copper deposit, Geddes Resources says. Located in northwestern British Columbia, the Windy Craggy deposit is in rugged, mountai…
Investment Comment Promising projects make Noramco a buy
It may be a relatively new listing on the Toronto Stock Exchange, but Noramco Mining Corp. is an experienced player on the Canadian exploration scene. A public company since April 1987, the Vancouver-…
Lacana boosts Mascot interest
Recently boosting its holdings in Mascot Gold Mines to 50.3% (from 49.1%), through the acquisition of about 560,000 shares, was Lacana Mining of Toronto. Lacana says it acquired the Mascot shares (bot…
Alberta Stock Exchange Barrons chides Borealis
One of North America’s most influential financial publications has taken Borealis Exploration to task for spending flow-through dollars on its Arctic iron ore and gold projects without yet making any …
Metal Prices FUTURES PRICES (February 29, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 93.70 93.70 93.60 — 14.90 Mar 94.60 …
Noranda up stake in Crown Butte
Toronto-based Noranda Exploration has elected to increase its participation in a Montana polymetallic property by exercising its right to acquire shares of Vancouver- listed Crown Butte Resources. Und…