Cliff Resources, Canaustra Gold to merge
Toronto-based Cliff Resources (TSE) says it plans to merge with Canaustra Gold Exploration (VSE) and a numbered Ontario corporation, which owns 100% of Baie Verte Mines Inc. The proposed merger would …
News
Anglo Dominion Gold has first half loss
Toronto-based Anglo Dominion Gold (TSE) continues to suffer from the market malaise which is currently hampering the fund raising efforts of many Canadian junior exploration companies. The company rep…
Aurogin, Duration pleased with Batchwana exploration
Grab samples from six areas within Aurogin Resources (VSE) Batchawana property have returned gold assays ranging from 0.2 to 0.4 oz per ton. The large 495-claim property is shared by Aurogin and Durat…
Metal Prices (October 24, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Copper 1660-1662 1667-1672 1680-1685 1598-1600 1614-1616 Lead …
Editorial Opportunities in gold
These are exciting times for gold miners. Since Sir Isaac Newton first established a fixed gold price back in 1717, gold has been synonymous with money, the standard against which all other currencies…
Euro-Nevada obtains Castle Mtn. royalty
Toronto-based Euro-Nevada Mining (TSE) has reached an agreement to buy a 4% net smelter return royalty interest in 540 acres of land on Viceroy Resources’ (TSE) Castle Mountain gold property. Located …
News in Brief (October 24, 1988)
Cambior Inc. (TSE) has expanded into California. The company has acquired a 50% interest in a 950-acre property which covers a section of the famed Mother Lode structure. The purchase price was $500,0…
Letters to the Editor CIM ignored
I was pleased to note that you included Jack McOuat’s speech on Due Diligence as presented at the Toronto Branch of CIM on Sept 15 in your Oct 3, issue. I was disappointed however that you made no men…
Magino mine officially open
The second gold- mine opening in less than a month took place northeast of here recently when the Magino property of Muscocho Explorations (TSE) and McNellen Resources (TSE) officially went into produ…
Surf Inlet option
Surf Inlet Mines (VSE) has signed an agreement with Newfields Minerals (TSE) which gives the former company the right to acquire a 50% interest in Newfields, McGarry Twp. gold prospect. Located beside…
Stratmin completes graphite sample test
A 2,225-ton bulk sample of graphitic material from the Mont- Laurier graphite deposit owned by Stratmin Inc. (ME), has been processed. The milling was completed by Asbury Graphite Mills, one of the la…
Vedron exploration
Recently reporting the substantial completion of a program of ramping to the 650-ft level and driving exploration drifts, crosscuts and ventilation and access raises at its Timmins, Ont., property was…