Obituary Nelson Bidgood
Nelson Bidgood, a name synonymous with the early development of the Chibougamou area, died in late April at the age of 80. For his pioneering work there he had received numerous plaques and citations …
1988
Falconbridge near settlement on Dominican tax
William James, chairman of Falconbridge Ltd. (TSE) confirms that a settlement is in the making though not yet finalized with the government of the Dominican Republic, which could see Falconbridge’s fe…
Spirit Lake issue
A private placement has been arranged by Spirit Lake Explorations with three financial institutions in France. The deal will see Spirit issue common shares at a price of $3.70 per share for total proc…
Gold assays prove marginal at Geddes’ Windy Craggy bet
If the Windy Craggy deposit operated by Geddes Resources (TSE) contains a sizeable gold deposit, judging by the first results from northwestern B.C., the Toronto-based company has yet to find it. Afte…
Breakwater intersects rich values at Darius
Deep drilling at Breakwater Resources’ (TSE) Darius gold project near Malartic, Que., has yielded an exceedingly rich intersection averaging 2.1 oz gold over 21.9 ft. Brian G. Pewsey, president, says …
Euro-Nevada picks up a new Nevada royalty
Royalty acquisition specialist Euro-Nevada Mining (TSE), has picked up another royalty property in the Nevada gold district, the company said recently. Euro-Nevada says it will acquire a 3% net smelte…
Chelsea transfer of mine interest to Northgate
Caught in a financial squeeze because its Spotted Horse mine near Lewistown, Mont., has not met design criteria, Chelsea Resources (VSE) has transferred a 20% direct interest in the mine to Northgate …
Letters to the Editor Equal partners
Your recent article (N.M., May 9/88) highlighted the progress made in the development of the Ketza River mining project jointly owned and operated by Pacific Trans- Ocean and Canamax Resources. As a r…
Alberta Stock Exchange Mohave buys producer
For the third week in succession, Mohave Gold was one of the big traders following news that the Calgary company will buy a Nevada- based gold-silver producer called Canyon Development Mining Inc. Tra…
Placer bulk test planned by Macamic
A bulk sampling test on a section of the Chaussegros zone of the Gilbert River gold placer project in the Beauce region of Quebec will be undertaken by Macamic Resources (ME). The company says reverse…
Augmitto gold loan
A gold loan worth up to $10 million, has been arranged by Augmitto Explorations (TSE) with Rothschild Australia Ltd. The loan, which is available until March 31, 1989, remains subject to several condi…
Montreal once site of diamond hunt
Canada is known for its wealth of mineral resources but one variety it has had little to do with is diamonds, although they too have been the subject of exploration campaigns within the country. News …