Alberta Stock Exchange Dispute lifts Baslen
A controversial ownership dispute over a group of mining claims in the Hemlo, Ont., gold belt has made International Baslen one of the hottest issues in Alberta during recent trading sessions. The fac…
1988
Tundra completes reserve calculation
A reserve calculation has been completed by Tundra Gold Mines (VSE) for a portion of the Lamaque exploration lands near Val d’Or, Que. The property is shared equally between Teck Corp (TSE) and Tundra…
Falcombridge offers dividend in issuer bid
At presstime for this issue, Falconbridge Ltd.(TSE) Chairman William James told The Northern Miner he was confident the company would get a quick ruling from the Ontario Securities Commission on a Fal…
Stewart Lake aims at special graphite market
Graphite may not be as easily marketed as gold, but Stewart Lake Resources (TSE) is confident it will have no trouble selling the product from its graphite deposit near Kingston, Ont., at a price that…
EDITORIAL Study of the sun, deep in a mine
Inco Ltd. is doing some mine development work from which it will never make a cent. And it doesn’t expect to. Purely in the interests of science, the giant nickel company is enlarging and preparing …
Metal Prices FUTURES PRICES (June 27, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun 111.50 111.50 111.45 + 2.95 Jul 109.50 104.00 …
Rio beefing up exploration role
Backed by the financial muscle of its England-based parent company, Rio Algom Ltd. (TSE) of Toronto is back in the exploration business. While company executives have declined to be specific about Rio…
NovaGold cuts wide zone in U.S.
Toronto-listed NovaGold Resources reports intersecting 11.9 ft of gold mineralization grading 0.407 oz gold per ton on the Summit property in New Mexico. The intersection was part of a larger 91.9-ft …
U.S. REPORT Progress toward amalgamation of Crown, Gold Texas
Negotiations are progressing towards an amalgamation of Crown Resource Corp. (NASDAQ), Gold Texas Resources (VSE), and Gold Capital Corp. (Spokane). Specific details of the merger are pending awaiting…
Consolidated Professor needs $47 million to bu ild gold mine
A positive feasibility study has been received by Consolidated Professor Mines (TSE) for the company’s 100%-owned Duport gold project. Completed by the consulting firm of Wright Engineers, the report …
Toronto Stock Exchange (June 27, 1988)
A rush by investors to catch a piece of the summer rally added another 27.02 pts to the composite index today, pushing it to a new post-October 19th high. For the week, the index has gained more than …
Montreal Exchange Gold loan for junior
One of the various means of raising money for exploration and development that seems to be growing in popularity is the gold loan. Recent news out of Quebec is that a junior, Nova-Cogesco Resources, h…