Nova-Cogesco, MSV pursuing merger
Two Quebec-based junior companies are pursuing a merger, announcement of the move coming on the heels of a takeover proposal by a gold producer of one of the juniors. Nova-Cogesco Resources (TSE) says…
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Editorial Who’s in charge here?
Politics can make for some very peculiar reasoning. Take, for example, our recent general election, won by the Progressive Conservatives with what appears to be a resounding majority — 169 of 295 sea…
Glimmer Resources plans more drilling on Barnet Twp. bet (December 12, 1988)
NSR Resources (TSE) has signed a letter of intent with Master Gold, a private company, which gives Master the right to earn an interest in three of five concessions held by NSR in Rouyn Twp., Que. Mas…
Spot prices at a glance (December 12, 1988)
Week’s Price (US) Change Gold (per oz) $425.35 +$ 4.05 Silver (per oz) $ 6.11 +$ .04 Platinum (per oz) $597.00 –$ 5.00 Copper (per lb) $ 1.64 +$ 0.10 Lead (pe…
Ateba sampling old Magnet mine workings
Underground mapping and sampling are currently under way on Ateba Mines’ (TSE) Magnet mine property, located 10 km west of Geraldton, Ont. A dewatering program, completed last month, has enabled acces…
Shortage leads to `black market’ for sodium cyanide
Sodium cyanide, essential in the recovery of most gold produced today, is in such short supply that a “black market” has developed for the chemical driving prices up sharply for those without an assur…
Montreal Exchange Mining issues stronger
Resource issues put on a strong show this week, with the mining and minerals index moving up more than 54 pts. In comparison, the general market portfolio index gained slightly more than 9 pts. Daily …
Lac gets $48 for Stillwater
A one-third interest in the Stillwater platinum-palladium operation in Nye, Mont., is being sold by LAC Minerals (TSE) for $48 million(C) to its two project partners. Operator of the mine, which opene…
Cal Graphite prepares mill; Stewart Lake uncovers new zone
Two juniors exploring for graphite in Ontario report continued activity at their properties. Cal Graphite (VSE) says its $1.1- million exploration program at Graphite Lake north of Huntsville is near …
Calpine Winter Drill Program In Full Gear
Encouraged by the impressive results of an earlier 6-hole diamond drill program, Calpine Resources (VSE) is now in full gear with its winter diamond drill program on the Eskay Creek project located no…
China will host 1990 World Mining Congress
A call for papers has been issued by the organizing committee of the 14th World Mining Congress and Exhibition. “Mining for the future — trends and expectations” is the theme of the congress which wi…
Canadian-United says Teeshin option on Dome Mountain project
The fight has been going on for years but Canadian-United Minerals (VSE) may at long last have the upper hand in its dispute with Teeshin Resources (VSE) over the Dome Mountain project northeast of Sm…