Regulatory body gives nod to Midas
Notice of a plan by Midas Minerals (TSE) to acquire up to a 60% interest in the Tisdale gold project at Timmins, Ont., from Total Energold (TSE) and Davidson Tisdale Mines (TSE) has been accepted by t…
1988
Metal Prices FUTURES PRICES (December 19, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 156.10 151.65 152.00 + 0.75 Jan 143.00 142.00 142.00 — 2.80 Mar 132.00 128.20 129…
Delta drilling results please partners
Encouraging drilling results from the Delta platinum property in the Cape Smith area of Ungava in northern Quebec have been reported by the three companies involved in the project. Falconbridge Ltd. (…
Cambior to take over nova-Cogesco Res
Major Quebec gold producer Cambior Inc. (TSE) has announced a takeover bid for all of the outstanding shares of Nova-Cogesco Resources (TSE). Cambior says it will pay $1.80 per share on the condition …
Toronto Stock Exchange Massive Inco trades boost market volumes
More than 8.7 million shares of Inco Ltd. were traded today in a blizzard of action valued at more than $300 million. The immense volume, about 8.7% of the company’s issued and outstanding shares, com…
Earnings Report (December 19, 1988)
Quebec Sturgeon River Mines (TSE) reports a net loss for the 9-month period ended Sept 30 of $540,587 or 5.8 per share compared to $1.3 million or 14.7 p er share for the corresponding period in 19…
Stratmin financing
Financing totalling $450,000 has been announced by Stratmin Inc. (ME), the money to be spent on exploration work at the company’s Mont-Laurier graphite property in Quebec. Stratmin says CMP 1988 Resou…
Map available now of B.C. hot spots
A full color map covering one of the most active exploration areas in Canada is now available from Equity Preservation Corp., of Vancouver. Accompanying the 25×37 inch map is a handbook with ownership…
Corona acquires option in Messeguay bet
An option agreement has been entered into by gold producer Corona Corp. (TSE) and Quebec junior Messeguay Mines (ME) whereby the former may earn up to a 70% interest in a portion of Messeguay’s Launay…
Kewagama drilling at Granada bet
A preliminary underground drilling program at the Granada property in northwestern Quebec has been completed, Kewagama Gold Mines (Quebec) (ME) reports. A total of 3,288 ft of drilling was carried out…
Vancouver Stock Exhange Calpine continues to climb
With the Christmas season drawing near, market activity on the VSE has dropped off considerably. The expected seasonal decline and some tax-loss selling impacted on the VSE Index which was off 2.35 po…
Alberta Stock Exchange Bitech on gold scent
Even in a listless market, investors will still respond to the sniff of a significant gold discovery. Bitech Energy has offered plenty of recent evidence that it is on the scent of something interesti…