Montreal Exchange Lull in the action
The wind seems to have gone out of the sails of the ME, with both the general market portfolio index and the mining and minerals index experiencing downturns. In the case of the latter, the index was …
News
PDAC seeks new members
A membership drive is under way by the Prospectors and Developers Association of Canada (PDAC). Established in 1932, the PDAC currently boasts an individual and corporate membership of more than 4,200…
Corona hunting for diamonds
Corona Corp. (TSE), better known for its gold production, is getting into the diamond game. Corona has acquired an option giving it the right to earn a 70% interest in a 35,000-acre property held by C…
New coal company
A reorganization and amalgamation of Manitoba and Saskatchewan Coal (1984) and Bienfait Coal has resulted in the formation of a new company, Estevan Coal Corp. Headquarters of the new company will be …
Obituary Colonel Kippen
Colonel Eric Douglas Bruce Kippen, O.B.E., died suddenly on Oct 22. He was 95. Colonel Kippen served in France in World War I, was commissioned in 1916, wounded and taken prisoner in the Battle of Cam…
Copper and potash sectors boost Rio Algom earnings
Toronto-based Rio Algom (TSE) is continuing to benefit financially from a favorable economy and the performance of 68.8%-owned copper producing subsidiary Lornex Mining Corp. (VSE). After reporting im…
Annual meeting
The program planned for the 1989 Society of Mining Engineers annual meeting and exhibit includes technical sessions, three special symposia, three short courses, several field trips and an expanded ex…
Bitech high grade
The first four drill holes completed on the Nugget Pond project, owned by Bitech Energy Resources (ASE), has returned strong gold values. Drilling on the new discovery in Newfoundland’s Betts Cove are…
War Eagle soars on drill results from Idaho bet
Additional drill results are awaited from the War Eagle Mountain property of War Eagle Mining Company (VSE) in southwest Idaho. Not only has the discovery been heavily promoted by the company but also…
Editorial (November 07, 1988)
A cabinet shuffle not long ago at the federal level eliminated the position of mines minister. If it is, as we hope, only a temporary situation and a new Member of Parliament is to be named to the pos…
Dejour, Noble plan major effort in ’89
A second-phase drill program has been completed by partners Dejour Mines (TSE) and Noble Peak Resources (ASE) on their Turquetil gold property. Located 140 miles southwest of Rankin Inlet, N.W.T., the…
Investment Comment Corona warrants deserve close look
Two recent events may be causing some of our readers to take a closer look at the warrants being offered by Corona Corp. (TSE). Those events are the merger of Corona’s five predecessor companies (Inte…