JFederal ruling on flow-through
Federal Finance Minister Michael Wilson has ruled that parties in a flow-through share agreement have up to 60 days after entering the agreement to set the price of the shares. This marks a change fro…
News
Falconbridge adjusts subscription price
Falconbridge Ltd. (TSE) says the adjusted subscription price for its common share purchase warrants, which expire July 27, 1989, will be $24.69, assuming the previously- announced $4.75 per share divi…
Black Swan seeking more Australian gold
After having achieved gold production within three years of a public listing — a rare enough accomplishment for a junior mining company — Black Swan Gold Mines (VSE) now expects to pay back its shar…
COATS Trading Features (August 01, 1988)
Kinova Minerals was trading actively this week on news that the company plans to take over Ontario Energy Marketing and Manufacturing. The latter is a private company which has the marketing rights to…
Lac reports higher earnings in 2nd quarter
Second-quarter earnings by Lac Minerals (TSE) were 23% higher than for the same period in 1987, and more than twice those recorded during the first quarter of this year. The Toronto-based gold produce…
Metal Prices FREE MARKET (August 01, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 26 July 25 July 22 July 21 July 20 Lead 345-347 356-358 354-356 360-361 3…
Chevron signs major deal on N.W.T. gold properties
Junior mining companies don’t often take in a $1- million immediate cash payment from a major mining company as part of an option agreement — particularly for gold properties located in the Northwest…
Goldteck continues work on Stairs property
A surface work program to select more drill targets is under way by Goldteck Mines (VSE) on the Stairs property in the Matachewan area of northern Ontario. According to President William Bergey, expen…
Fleck completes resampling program on Marathon property
Fleck Resources (VSE) says an extensive resampling and assaying program on more than 2,500 samples has been completed on its Marathon platinum group metals deposit near Marathon, Ont. Assays from the …
Letters to the Editor Legalized crooks
I have been a subscriber to The Northern Miner for 20 years or more. I am a slow learner but after all these years I have come to the conclusion that some executives and promoters of mining are like p…
Garrison encouraged by drill results
Further drilling is planned on property in Michaud Twp., 65 miles east of Timmins, Ont., reports COATS-listed Garrison Creek Consolidated Mines. The property’s Ludgate zone has been the site of recent…
Feasibility study underway at Goldstake’s tailings bet
The U.S. subsidiary of Goldstake Explorations (COATS) is conducting a feasibility study on its Whitewood Creek tailings project in South Dakota’s Black Hills area, shareholders were told at the annual…