Sample results encourage Hidden Lake Gold Mines
Several occurrences of gold bearing iron-formation have been discovered by Hidden Lake Gold Mines on a large grassroots property near Wheeler Lake in the Northwest Territories. The 22,000-acre propert…
News
Obituary A.G. Roach
A. G. “Gerry” Roach, a prominent metallurgist and member of the Canadian Institute of Mining and Metallurgy, died recently after a battle with cancer. Roach was born in 1904 and graduated from Queen’s…
Computer analysis reveals new reserves at Cochenour
A $4.7-million underground and surface exploration program is expected to be completed within two months on the former producing Cochenour Willans gold mine property near Red Lake, Ont. Project partne…
New X-Cal find
A new gold discovery has been made by X-Cal Resources (TSE) on the company’s Snowbird property near Fort St James, B.C. Located 1,600 ft east of the East zone, the new gold-bearing zone is within a gr…
Hope Brook needs better gold price to show a profit
Having solved a number of operating glitches at its Chetwynd, Nfld. gold mine, Hope Brook Gold (TSE) is currently grappling with a new problem that is obviously beyond its control. As a result of lowe…
Strike acquisition
Strike Minerals (COATS) has acquired 103 claims in Baden Twp., Ont. The claims are adjacent to a 28-claim block already owned by the company. An airborne geophysical survey has been completed.
Letters to the Editor Consolidated Stikine not involved in Ski-4
I wish to point out some serious inaccuracies in your reporting of the Calpine Resources article on the first two pages of your July 24, 1989 issue. Your final paragraph reads in part, “The company’s …
Falling base metal prices may hinder Amax
Is Amax Inc. (NYSE) getting Falconbridge Ltd. (TSE) for a song or will the proposed $2.8-billion takeover handcuff Amax to a staggering debt for years to come? Much depends on the outlook for base met…
Toronto Stock Exchange Metals issues help composite above 4,000-pt
After continuing to rally to new highs this week, the composite, metals and gold indices retreated to close at 4003.67 pts, 3717.92 pts and 6361.9 pts respectively. Daily volumes remained firm above t…
Ego option deal
Toronto-based Ego Resources (TSE) has optioned a 17-claim gold- silver property near Brislane Lake, N.W.T., from Initiative Explorations (COATS). The agreement gives Ego the right to earn a 100% undiv…
Asarco directors adopt rights plan
The board of directors of base- metals producer Asarco Inc. (NYSE) has adopted a shareholder rights plan in which preferred stock purchase rights will be declared as a dividend at the rate of one righ…
Managing Canada’s Mines Manager of `classic’ Dome mine is a 30-
“It’s a classic. It’s my life,” says Robert John Perry of the famed Dome Mine at Timmins, where he has worked for the past 30 years from shift boss to his present post of general manager. And indeed i…