Unocal option deal
A joint venture agreement has been concluded between Unocal Canada, Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) on a group of 86 claims near Timmins, Ont. Located in Michaud Twp., the propert…
News
Gilbert A. LaBine, 1890-1977
Gilbert LaBine helped shape the course of world history when in 1930 he discovered pitchblende at Great Bear Lake in the Northwest Territories. A trip to the Great Bear Lake area with partner C. E. St…
Editorial Honoring the past, looking to the future For we’ll sing
This country’s mine-finders and mine-makers are recognized internationally as the best — everywhere but right here at home. For the average Canadian, we suggest, remains quite unaware of the very sig…
James Y. Murdoch, 1890-1962
A lawyer by profession, James Y. Murdoch, who became first president of the fledgling Noranda Mines in 1922, at the age of 32, was one of the greatest builders Canada ever produced, not just a mine-…
Jerome Gold buys reprieve as reserve hunt continues
After persuading E.B. Eddy Forest Products to extend the deadline for an option agreement at the old Jerome mine near Swayze, Ont., Toronto-based Jerome Gold Mines (ASE) has raised $500,500 to finance…
Goldbank acquires Kamloops prospect
Calgary-based junior capital pool company Goldbank Ventures (ASE) has acquired a polymetallic property in British Columbia’s Kamloops mining division. Goldbank recently staked the 134-claim Mila prope…
H. H. “Spud” Huestis, 1907-1979
The claim to Canadian mining immortality for Herman H. “Spud” Huestis came with his introduction to the world of the large tonnage, low-cost Highland Valley copper deposits in British Columbia, severa…
Monte Carlo deal
Canarub NV, a wholly-owned affiliate of Monte Carlo Gold Mines (ASE) has completed a royalty agreement with the government of Aruba. If Canarub’s properties are ever placed in production, the company …
Queenstake acquires new placer project
In 1989, Queenstake Resources (TSE) intends to expand the present production unit and carry out a phased exploration program to increase reserves on a newly-optioned placer gold property in the Atlin …
Quebec boosts tax deduction for mining-firm investors
Flow-through financing for mining exploration may not be as much in the news as it once was in other parts of Canada, but in Quebec the investment scheme is alive and kicking. Whereas in the other pro…
Whim Creek board resolves problems over offshore deals
Directors of Australia-based Whim Creek Consolidated and Toronto affiliates Northgate Exploration (TSE) and Westfield Minerals (TSE) appear to have resolved their recent differences. Patrick Hughes wh…
Toronto Stock Exchange (January 02, 1989)
Although the markets ended the year with a whimper, most will agree that the year was anything but dull. Today’s 2.28-pt loss to close at 3359.31 pts capped the first post-October 1987 year — one whi…