Control of United going to Europeans
Control of United Mining Corp. could pass to a European group following the completion of a deal between United and a U.S.-based company, El Dorado Gold Mines. Under the terms of the agreement, United…
News
News in Brief (January 12, 1987)
Joutel Resources reports negotiations to divest itself of its U.S oil and gas interests have been successfully concluded with the sale of its wholly-owned U.S. subsidiary to a private U.S group.
No reinstatement for former mines minister
It seems that Ontario Premier David Peterson will continue as acting minister of the province’s ministry of northern development and mines for an unspecified period. There had been speculation that Mr…
Reins of power at Inco changing hands this year
The reins of power will be changing hands this year at Inco Ltd., the world’s largest producer of nickel. Following the annual meeting in April, Charles F. Baird, chairman and chief executive officer,…
Three companies continue drilling northern Que bet
Joint venture partners Golden Triangle Mining Exploration, Monica Resources and Canadian Industrial Minerals Corp. say further diamond drilling will begin early this month to test a geological environ…
New books (January 12, 1987)
Exploration in British Columbia — 1985 — The Geological Survey Bran ch of the Mineral Resources division of the B.C. Ministry of Energy, Mines and Petroleum Resources. Paperbound, 590-page publicati…
Flow-through deal for Citadel Gold
Additional exploration at Citadel Gold Mines property near Wawa, Ont., will be funded by a $2.5-million flow-through share offering made to CMP Funds Management. The former producing mine has been dew…
Aur and CMP reach agreement
Toronto-listed Aur Resources has entered into agreements with CMP 1987 (Quebec) Resources Partnership and Co. and CMP 1987 Resources Partnership and Co. for the provision of flow-through financing for…
Tashota-Nipigon options properties from McAdam
Tashota-Nipigon Mines says it has acquired the right to earn a 25% interest in two advanced gold projects in Quebec and British Columbia. One of the properties is the former McWatters gold mine near R…
Thompson becomes Mingold president
Toronto mining analyst Edward Thompson has been appointed president and chief executive officer of Mingold Resources. The newly formed company is equally owned by a subsidiary of Inspiration Resources…
Massive acquires more claims rom Roman at Lingman Lake
Additional ground has been acquired by Massive Energy in the Lingman Lake area north of Red Lake, Ont. Massive has acquired an option to earn a 50% interest in 17 patented claims held by Roman Corp. T…
Investment Comment Echo Bay expected to lead Canadian gold stock
Targetting the price of gold to move upwards to the $450(US) to $500-per-oz range this year, Richardson Greenshields of Canada’s David R. James expects Echo Bay Mines to continue as the leader in the …