1988


Sale of Mascot brings profit to Royex Gold

An extraordinary gain resulting from the sale of Mascot Gold Mines to Lacana Mining, enabled Royex Gold Mining to realize net income of $47 million for the year ended Sept 30, 1987. This compares to a…



News in Brief (January 25, 1988)

Emerald Lake Resources and Highland-Crow Resources have amalgamated into Noramco Mining Corp. each on a share-for-share basis.


COATS Trading Features (January 25, 1988)

A generally dull week of trading is the only way to summerize activity on coats this week. One long- lost issue which has come back from the grave is New Yarandry Ltd. Once a junior explorer in the 19…


Cash-hungry Mingold finds partner

At first glance, the recent marriage of a private Toronto company called Mingold Resources with tse-listed Golden Range Resources looks like any other back- door acquisition agreement. In need of cash…


McAdam updates reserves at its McWatters gold bet

An updated gold reserve figure of 910,869 tons at a grade of 0.189 oz gold per ton is reported by McAdam Resources, at its McWatters project near Noranda, Que. President John McAdam says surface drill…


Golden Princess in California bet

Golden Princess Mining has agreed to acquire a 55% interest in the Gold Cliff property near Angels Camp, Calif., about 80 miles from San Francisco. According to the company, “the economics of the prop…




Zahavy begins $3 m program

A $3-million underground exploration program has begun on the Favourable Lake, Ont., gold property controlled by Zahavy Mines. Zahavy is an affiliate of Noramco Mining Corp. The program will focus on …


Chamber meeting held again with Cordilleran Roundup

The 76th annual general meeting of the British Columbia and Yukon Chamber of Mines is scheduled for Feb 3 at the Pacific Ballroom in the Hotel Vancouver. The meeting will be held in conjunction with t…


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