The news that the Newfoundland government has taken steps to boost exploration in that province is indeed welcome (N.M., Sept 19/88). As part of the provincial government’s program, financial incentiv…
Just weeks away from becoming a Canadian gold producer, Aur Resources (TSE) is taking a calculated gamble on a Brazilian diamond property which it hasn’t seen yet. The Toronto company has signed a let…
In a bid to keep its healthy balance sheet intact, Toronto-based Aur Resources (TSE) has made arrangements with The Chase Manhattan Bank of Canada for an $8 million gold loan. The company is attemptin…
Creating a federal ministry for housing is widely seen as a sop to Toronto’s voters, a gesture with little substance. Intended to show concern for city issues, many regard it as little more than a plo…
An agreement for flow-through share financing has been reached between NIM Resources and International Prism Exploration (VSE), whereby NIM will purchase 980,000 shares of International Prism at 65 ce…
Breakwater Res — R. A. Bruce McDonald sold (private) 144,217 to hold nil. B-Mac sold 565,426 (private) to hold nil. Noramco Cap sold (private) 1,890,357 to hold 55,514. Denison — P. Kostiuk sold 10,…
Toronto-based Franco-Nevada Mining (TSE) has taken the For Sale sign off its Goldstrike royalty asset. Priced at $180 million, Franco- Nevad a’s 4% net smelter return and 5% net profit royalty in …
Luxembourg-based Minorco has commenced what promises to be a titanic bidding war by announcing a $6.6 billion(US) offer for all the outstanding shares of Consolidated Goldfields of London. Minorco alr…
An Indian band in northwestern Ontario recently put a halt, temporarily at least, to drilling by operator Eldor Resources on property at Windigo River. According to Staff Sgt. Reg Weeks of the OPP det…
Leaving aside the negative impact of the Western Mining-Seabright Resources dispute, the dragged-out uncertainly over flow- through and the general skepticism over Nova Scotia gold prospects, the Nova…
The Mining Association of Canada’s initiative in calling for a major research program to improve the management of mines’ tailings is an important one. Raising the issue and offering to pay a major pa…
A $1-million program ending in a feasibility study on the QR gold deposit near Quesnel, B.C., is scheduled for completion in early 1989 by QPX Minerals (VSE). According to Tim Ryan, president, a produ…
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