Esso earmarks funds for Shasta claims
A $625,000 exploration budget has been earmarked by Esso Minerals Canada for the Sha gold-silver prospect of International Shasta Resources located in the Toodoggone area of British Columbia. The prog…
1988
Messeguay Mines pulls another good section
A 50-ft-long section grading 0.12 oz gold per ton was intersected on the Launay/Privat property located about 30 miles northeast of Rouyn- Noranda, Que., Messeguay Mines reports. The section was part …
Swayze Res. stakes additional claims
Twelve additional claims have been staked by Swayze Resources in Butt Twp., near Burks Falls, Ont. The company, which is hoping to mine graphite from the property, originally staked five claims in the…
United Gunn results
United Gunn Resources says that its share of earnings realized by Cuisson Lake Mines was $950,000 in 1987. Cuisson Lake, in which Gunn holds 30%, has a property which covers a part of the Granite Lake…
Obituary Huntly W.F. McKay
A former vice-president of the Toronto Stock Exchange (TSE), Huntly W. F. McKay, died recently. Born at Hemmingford, Que., McKay, 64, joined the TSE in 1963. He was vice-president markets and market d…
Cominco has four new mines and expects others in 1988
Veteran producer Cominco Ltd. marked its first year under new management by dramatically reversing a profit slide, reducing debt by half and planning four new mines. As reported earlier, earnings shot…
Kasner companies study large deposit in Saskatchewan
Two Kasner Group companies, TSE-listed Lenora Explorations and VSE-listed Mary Ellen Resources, will put the finishing touches on a mine feasibility study late this month. The study is expected to sho…
Kam-Kotia Mines adding sodium sulphate division
The sodium sulphate division of Saskatchewan Minerals, which is owned and operated by the Saskatchewan government, is being sold to Kam-Kotia Mines of Toronto for $12.5 million. The purchase transform…
Metal Prices FREE MARKET (April 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 29 Mar. 28 Mar. 25 Mar. 24 Mar. 23 Copper 1293-1295 1300-1302 1260-1262 1330-1332 1292-12…
Gulf ups bid for Asamera
Common shareholders of Calgary-based Asamera Inc. are going to get more money for their shares under a revised takeover bid by Gulf Canada Resources. The large oil and gas producer has increased its o…
INSIDER TRADES (April 04, 1988)
Augdome — B. Gerol sold 96,837 to hold 5,050. Canuc — K. Murton bought 35,000 (private) to hold 227,554. Cheni Gold — Com Francaise de Mines bought 43,700 common shares and 68,570 units to hold sam…
Granges applies mining knowledge
The transition from exploration to mining is a difficult one for any company and Granges Exploration is no exception. But it might have been a lot worse had Granges not had a 19.8% interest in the Tro…