Golden Tanager completes Pickle Lake area work
Surface exploration has been completed by Golden Tanager Resources (COATS) on its two Pickle Lake area gold properties. On the company’s 84-claim North Caribou property, located 166 km north of Pickle…
News
Graphite drawing an exploration crowd (November 21, 1988)
Yet another Canadian mining company has entered the search for graphite. Quebec-based junior Mazarin Inc. (TSE) plans to spend almost $1.1 million between now and next May exploring for graphite, as w…
Muscocho companies to convert loans into common shares
Loans worth a total of $23.5 million from Echo Bay Mines (TSE) will be converted into common shares, Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) report. T…
Lead supply keeping pace with demand
It hasn’t been such a bad year for lead during these profitable times of higher prices for base-metal commodities, with the metal averaging about 29 (US) per lb on the London Metal Exchange so far thi…
Price stability seen for metals in short-term
Reasonable stability for base- metal prices is expected at least for the next few months, and possibly for the next year or two, says the chief executive officer of the Mining Association of Canada. G…
Galactic/Can-Pacific in Chinese venture
Galactic Resources (TSE) is teaming up with another Vancouver company, Can-Pacific Rare Earths, to conduct exploration in China. The new company Galactic Resources China, will attempt to strengthen th…
Rio Plata to Drill Hislop and Matheson Claims
A 4-month preliminary exploration program carried out by Rio Plata Resources (VSE) was recently completed on the Hislop and Matheson Township claims in northern Ontario. The company says geophysical s…
Rio Algom, Teck, planning wind-up of Lornex Mining
An agreement has been concluded between Rio Algom (TSE) and Teck Corp. (TSE) which should see Lornex Mining (VSE) discontinued as a public company. The tightly held company was incorporated in British…
American Barrick reports 9-month earnings increase
A 33% increase in production from seven gold mines has enabled American Barrick Resources (TSE) to report record third-quarter and 9-month earnings. The Toronto company increased its gold production t…
Echo Bay Mines earnings steady
Third-quarter earnings were steady for Echo Bay Mines (TSE), despite increased sales from expanded production. The company had net earnings of $13.5(US) million or 14 per share in the third quarter, …
Rockford, Ranger plan amalgamation
Rockford Minerals (TSE) has agreed in principle to amalgamate with Northern Ranger Minerals (ASE). The terms of the merger are one common share of the new company for each Rockford share held and thre…
Gibraltar strike affects earnings
Normal mining and milling operations remain suspended at Gibraltar Mines’ (TSE) open pit copper mine near Williams Lake, B.C. The Placer Dome (TSE) subsidiary said one of two alternative contract offe…