MacDonald ponders future of Gallen
The new directors of MacDonald Mines Ltd have changed the name of the mining company to MacDonald Mines Exploration (COATS). The company took on a new life last year (N.M., Sept 5/88) when shareholder…
News
Production decision at Farley in ’89
A production decision for the Farley Lake gold deposit near Lynn Lake in northern Manitoba could come in 1989 if the results of a recent feasibility study are positive. A 12,000-ton bulk sample has be…
Metal Prices FUTURES PRICES (January 16, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Jan 146.00 144.60 144.70 — 7.00 Mar 136.20 133.40 143.70 — 2.00 May 126.30 124.50 125….
Former LAC geologists join combined Perrex Res. group
A couple of former executives in LAC Minerals’ (TSE) exploration wing have agreed to lend their expertise to a new mining group. When the assets of Alberta-listed companies Perrex Resources (ASE), Alb…
Rio Algom buys 22% stake in Vancouver gold company
Toronto-based resource giant Rio Algom Ltd. (TSE) has emerged as the largest shareholder in an unlisted gold exploration company called Pan Orvana Resources. In a bid to access some joint venture oppo…
Photo…..Mining Hall of Fame
Photo by George Onuska Bill James, right, president of Falconbridge Ltd. and the keynote speaker at the recent inaugural dinner for the Canadian Mining Hall of Fame, points out to fellow head-table gu…
Alberta Stock Exchange Borealis takes a dive
The general market malaise which pervaded the investment world for much of 1988 appears to be continuing into the new year. Volumes picked up slightly from the low levels of recent weeks, but there wa…
Jerome financing
Jerome Gold Mines (ASE) has received a commitment from a flow-through fund which will provide $369,360. Jerome will issue shares at a price of 55 per share.
Western Canadian to acquire Sulphurets Gold
Major shareholders of Sulphurets Gold (VSE) have agreed to vote in favor of an agreement that would result in Western Canadian Mining Corp. (TSE) acquiring 7,423,290 of its shares in exchange for West…
Santa Cruz venture secures copper bet
The Santa Cruz joint venture of Asarco Inc. and Freeport-McMoRan Gold have purchased 2,420 acres near Casa Grande, Ariz. The companies say a portion of the acreage contains a porphyry copper deposit. …
Troudor exploring new Idaho gold project
Preliminary sampling of a recently-optioned property in Idaho is confirming the presence of good gold values in underground workings, according to Troudor Resources (VSE). The company recently acquire…
Second generation of miners
Even though Balmertown,Ont., is a 4- Ehour drive from the nearest city, Campbell management has never relied on itinerant miners coming to the door in search of employment. Rather than bring in unskil…