COATS Trading Features (December 26, 1988)
Recently revived Young-Shannon Gold Mines has arranged a private placement of flow-through shares in the amount of $300,000 at $1.00 per share to fund work on its gold property in Chester Twp., north …
News
Esso expects bids in New Year
Bids will likely start coming in during the first week of January for the assets of Esso Minerals Canada, which were put on the selling block earlier this year by parent Imperial Oil. President Michae…
Aurogin awaits better markets
Declining stock market interest, especially in junior resource issues, has got Aurogin Resources (VSE) looking around for joint venture partners to continue exploration on its properties. “We have qui…
Echo BAy to triple Cove’s gold output
A 14-year mine plan which will see gold output triple at the McCoy/ Cove property of Echo Bay Mines (TSE) in Nevada has been completed by Pincock, Allen & Holt Inc., consulting geologists and engineer…
T. R. V. Minerals
T. R. V. Minerals (VSE) says it has accepted a proposal for a private placement of 8.5 million shares at 15 per share. Also included in the placement are warrants to purchase an additional 8.5 millio…
Pamorex placement raises $3.5 million
Shareholders of Pamorex Minerals (TSE) recently gave their approval, at a special meeting, to a private placement with Giant Yellowknife Mines (TSE) involving about 4.8 million shares at $0.726 per sh…
Hanson zinc-copper deposits firms up
Drilling by Cameco — A Canadian Mining & Energy Corp. on the Hanson Lake property has outlined three sulphide lenses displaying the potential for hosting in excess of three million tons of zinc-coppe…
Tundra increases reserves at Lamaque
Drill-indicated reserves at the former producing Lamaque gold mine have been increased to 1.73 million tons grading 0.19 oz gold per ton, Tundra Gold Mines (VSE) says. Located near Val d’Or, Que., the…
U.S. REPORT Fischer-Watt concludes pact with subsidiary of Inco Ltd
A joint venture agreement has been concluded between Fischer- Watt Gold Company and American Copper and Nickel, a subsidiary of Inco Ltd. (TSE). The agreement involves the exploration and development …
Esso to spend $1 million at Springhill
Esso Resources Canada, a wholly- owned subsidiary of Imperial Oil, is planning to spend $1 million on exploration to assess some coal deposits near Springhill, N.S. The program will include field mapp…
Tight market foreseen for platinum
An announcement by automaker Ford in the United States that it is developing a catalytic converter for motor vehicle emission control which doesn’t require platinum recently sent the market into a tiz…
A year to remeber
It seems like a bear’s age since Newmont Mining pulled a 1,040-ft hole averaging 0.495 oz gold per ton on its Post deposit in Nevada, but it’s really been less than a year. It’s been a year that would…