Aster merger
Shareholders of Aster Exploration (ME) and Eastmin Explorations have approved a merger of the two companies. Name of the new corporation is Aster Exploration. The share exchange ratio will be two East…
1988
D’Or Val/Perron amalgamation gets board approval
The boards of directors of two Hughes-Lang firms, D’Or Val Mines (TSE) and Perron Gold Mines (ME), have approved a plan of amalgamation for the companies. Name of the new corporate entity has not been…
Placer Dome terminating Claude option agreement
Placer Dome Inc. (TSE) has terminated its option agreement with Claude Resources (TSE) which saw the former company spend $8 million on Claude’s Seabee gold project. Located northeast of La Ronge, Sas…
Borealis ends fiscal year with $16 million in bank
Still without an ounce of mineral production to its credit, Arctic explorer Borealis Explorations completed its financial year with over $16 million in cash and securities. Deferred exploratory and de…
Placer Pacific gets Australian prospect
In a package deal that involves two separate agreements, Placer Pacific, a subsidiary of Placer Dome (TSE), has acquired a potential gold producer in Western Australia and a number of other properties…
COATS Trading Features (July 11, 1988)
A holiday shortened week took its toll on COATS-listed issues. Newfield Mines continued firm at $5 on volume of 5,600 shares. The company will be merged with TSE- listed issues Jonpol Explorations and…
Lac Moves on Jonpol project
Trucking of ore from a Garrison Twp., Ont., property to the Macassa mill in Kirkland Lake will be considered by Lac Minerals (TSE), a Lac spokesman tells The Northern Miner. The operation is contingen…
Montreal Exchange adds 3 listings
Three resource-related companies — Aurtec Mining Development (symbol AUD), Equity Reserve (symbol EQR) and Orbite Exploration (symbol ORT) — were recently listed for trading on the Montreal Exchange…
Obituary Percy Claire Finlay
Percy Claire Finlay, best known for his association with Hollinger Consolidated Gold Mines for more than half a century, died at Toronto General Hospital on June 29. He was 89. Finlay was active in th…
Normetal completes six holes at Bassignac
A 6-hole drill program has been completed by Normetal Mining Exploration (ME) at its Bassignac property in Destor Twp., in northwestern Quebec. Four holes intercepted gold values, the company reports….
Rumors of Asamera unrest
Rumors of unrest within the hierarchy of Asamera Inc. (TSE) and its minerals subsidiary are apparently not unfounded. Bruce Kennedy, Asamera Minerals’ dynamic ex-president, has left and several other …
Euro-Nevada’s Hasbrouck property dealt to FMC
Royalty specialist Euro-Nevada Mining (TSE) has granted to FMC Gold, an option to buy its Hasbrouck Mountain Gold property near Tonopah, Nev., for $2.39 million(US), the company said recently. Under t…