Orex to acquire Goldboro property
Having acquired a 25% interest in the Goldboro gold property in Guysborough Cty., N.S., Orex Exploration (ME) will spend $8 million to purchase the remaining 75% interest held by Onitap Resources (TSE…
News
Whim Creek rejects Dominion Ltd offer
The board of directors of Australian gold producer Whim Creek Consolidated NL recently advised shareholders to reject a share swap offer from Dominion Mining Ltd. While he isn’t opposed to a merger wi…
Goldhunter, Caviar drill results
Drilling completed by Goldhunter Explorations (ASE), Pinetree Explorations (COATS) and Caviar Resources (COATS) has intersected high grading gold values on their Wright Lake property west of Pickle La…
United Keno Hill rights offering
Toronto-based Falconbridge Ltd. (TSE) affiliate United Keno Hill Mines (TSE) is attempting to arrange a rights offering to pay off outstanding debts and finance working capital requirements. United Ke…
Falconbridge Gold profit
Earnings of $846,000 were realized by Falconbridge Gold (TSE) on revenues of $30.7 million in 1988. The company sold 57,518 oz of gold during the period. During the year, the company spent $5.1 millio…
Coral aims to double production at Robertson mine
Vancouver-based Coral Gold Corp. (VSE) is looking to double the production capacity of its 100%-owned Robertson open pit gold mine located in the Battle Mountain district of Nevada. Louis Wolfin, pres…
Fraud charges force resignation
Eric Laing has resigned as a director of five companies comprising the Applegath Group. Laing gave up his directorships in Golden Pond Resources (VSE), Alotta Resources (VSE), Tundra Gold Mines (VSE),…
FUTURES PRICES (March 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar140.90 137.10 139.80 — 4.80 May136.20 131.50 134.80 …
Letter to the Editor Ontario Hydro cost conscious
Contrary to the opinion stated in the Feb 6 editorial “Money is no object,” Ontario Hydro is proposing the least cost option for reducing acid gas emissions. Costs are a major consideration for all pr…
Stralak feasibility expected by July
Drilling on a zinc property held by Stralak Resources (VSE) has outlined reserves of 859,974 tons in three zones. Located in the Benny greenstone belt, 40 miles northwest of Sudbury, Ont., the deposit…
Calpine modified out of Prime’s takeover plan
The business arrangement whereby Prime Resources (VSE) was to have acquired all the shares of Canacord Resources (TSE) and Calpine Resources (VSE) has been modified. Prime still intends to proceed wit…
The Northern Miner’s role
Editor’s Note: Our policy is to publish each week the most significant developments in the mining industry. Regarding your concerns about our coverage of the Neptune story in particular, we feel that …