Mahogany/Corona project to start
Gold production from the Jolu project is expected to begin within three months, partners Mahogany Minerals Resources (VSE) and Corona Corp. (TSE) say. Located north of La Ronge, Sask., the mine will b…
News
Alberta Stock Exchange Octan gains ground (August 29, 1988)
Preliminary assay results from Octan Resources’ Bonanza silver property in the Northwest Territories, made the Calgary company the one to watch during trading this week. With 90,000 shares changing ha…
INSIDER TRADES (August 29, 1988)
Brohm — W. McClay sold 45,000 (June) to hold 583,500. Glencairn — R. Peereboom bought 100,000 (private, June, July) to hold 398,000. Highland Crow — G. A. Keevil sold 158,898 (private, Nov/87) to h…
International Curator drawn to Jualin mine
International Curator Resources (VSE) wasn’t drawn to this state by the appeal of such base metal discoveries as Cominco’s Red Dog zinc deposit. What has drawn Curator to Alaska is the old Jualin mine…
Books (August 29, 1988)
Bicentennial Gold ’88 Conference — A 3-volume set of extended abstracts comprising oral and poster papers presented at Australia’s first international conference on the geology of gold deposits, May …
Bruised but not broken, Newmont vows to cut debts
Financially bruised by an unsuccessful takeover battle, New York- based Newmont Mining has promised to take more steps this year to reduce its heavy debt load. One of North America’s largest gold prod…
Black Swan ore being replaced
Gold production at Black Swan Gold Mines’ (VSE) Gabanintha project in Western Australia is presently averaging 40,000 oz per year, Arthur T. Fisher, president, said at the company’s annual meeting. On…
Bulk Sample Planned for B.C. Gypsum Project
By year-end, Queenstake Resources (TSE), Haines Gypsum (VSE) and new joint venture partner Prospector Airways (VSE) expect to have mined and delivered a 50,000 tonne bulk sample of gypsum from the O’C…
Books in Review Who owns, controls Canadian firms
Statistics Canada has released its 1987 version of Inter-Corporate Ownership. This new edition offers financial analysts, investors and corporate executives the most recent, comprehensive and authorit…
Normetal, La Sarre drill off reserves at zinc-silver project
Normetal Mining Exploration (ME) and affiliate company La Sarre Mining Exploration (ME) have delineated several blocks of reserves on the former producing Normetal polymetallic mine near La Sarre, Que…
Hemlo Gold Boosts Teck Earnings
Net earnings of $20.9 million or 26c a share were reported by Teck Corporation (TSE) for the quarter ended June 30, 1988, up from $9.5 million or 11c a share in the comparable period a year earlier. R…
Queenstake’s placer mine big business in Atlin
In small communities like Atlin where placer mining is the major industry, a code of honour exists among locals that is rarely broken. Stealing from your employer is taboo and those that do are ostrac…