Northgate, MSV in financing deal
Northgate Exploration (TSE) has agreed to provide MSV Resources (ME) with a financing package totalling $6.5 million. This includes a $5.2-million bridge facility which must be paid back by April 30, …
News
Nanisivik Mines ups stake in Highwood
A wholly-owned subsidiary of Mineral Resources International (TSE), Nanisivik Mines, recently acquired an additional 462,000 shares of Highwood Resources (TSE), increasing its stake in that company to…
Books Premise examined
The Centre for Resource Studies examines the wide-held premise that “more remote” means “less economic” for mineral exploration and development. The economic analysis and comparison of mining potentia…
Camindex shareholders vote in favor of MVP amalgamation
Shareholders of Camindex Mines (TSE) have voted overwhelmingly in favor of an amalgamation with MVP Capital Corp. (TSE). Camindex, which has a 51% interest in the troubled Valdez Creek placer gold pro…
Evaluating properties that have no proven reserves
From a presentation by Ross Lawrence, P.Eng., to the Toronto Geological Discussion Group. There are three broad categories of accepted valuation methodologies: income, cost and market techniques. All …
Dickenson acquires Wharf shares
Dickenson Mines (TSE) has acquired an additional 349,300 common shares, or 2%, of Wharf Resources (TSE) through purchases on the Toronto Stock Exchange. Dickenson now owns 6,030,411 common shares, or …
John Hansuld – 1988’s Mining Man of the Year
In an industry where the brightest geologists often go unrewarded with even one major discovery, the development of a gold mine is considered an achievement not to be taken lightly. So when a junior r…
Letter to the Editor Golden Rose history
In your paper of Nov 21, page 13, was an article on Noramco that interested me greatly. In that story, reference is made to the Golden Rose mine of Ontario. I would like to know if it is the Golden Ro…
Golden Dragon Res. options Matheson area gold property
A 25-claim gold property in Bond Twp., near Matheson, Ont., has been acquired by Golden Dragon Resources (VSE). The property covers the western extension of a fault zone which extends from the Harker-…
Metal Prices FREE MARKET (December 26, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 20 Dec 19 Dec 16 Dec 15 Dec 14 Copper 1890-1893 1787…
Heavy trading in Inco shares
Calling Inco Ltd. (TSE) a heavy trader of late would be an understatement. The nickel producer, which recently received shareholder approval for a recapitalization plan involving a “poison pill” provi…
Goldpost Resources
Goldpost Resources (TSE) says it has entered into an agreement with 1988 Can-Tax Minerals Limited Partnership whereby the latter has agreed to fund a minimum of $825,000 and a maximum of $1 million of…