Grab samples
Annual meetings, under normal circumstances, provide shareholders with the opportunity to meet management, ask questions and get updated on past performance and future company plans. Naturally, one as…
News
Federal geologist
A story in last week’s edition (N.M., June 13/88) on exploration activity in the east Arctic should have identified Jacobus (Ko) Griep as the geologist for the Keewatin district in the Northwest Terri…
Letters to the Editor No shares involved
There is an error in your May 20 edition story on American Pacific Mining (page 21). The story notes that the El Mochito mine in Honduras was purchased by APM from Rosario Resources, an AMAX subsidiar…
Pierce Mtn gets option of Ferro bet
Pierce Mountain Resources (VSE) has acquired an option on the Ferro gold property near Snow Lake, Man. Based on a consultant’s report, the Ferro property hoses reserves of 73,000 tons grading 0.39 oz …
COATS Trading Features (June 20, 1988)
Transgold came back to life this week, trading more than 150,000 shares to close at 90}. Just two weeks ago, the issue was quiet at 55}. The company’s main asset is a major land position in the Wawa- …
Rio appointments beef up mining wing
Toronto-based Rio Algom (TSE) is beefing up its mining wing with a couple of appointments in the company’s executive suite. President Ray Ballmer will become the company’s new vice- chairman Aug 1, wh…
Queenstake gold production may include hardrock mines
Placer gold mining operations will continue to represent Queenstake Resources’ (TSE) principal source of cash flow in the next few years. But revenues from hardrock production could also figure promin…
Murgold, Chesbar encouraged by Chester results
A $4.2-million exploration program at the Chester Twp. project south of Timmins, Ont., is producing some encouraging results for partners Chesbar Resources (ME) (60%) and Murgold Resources (VSE) (40%)…
Hoisting: Engineers and legislators face off
It’s a very rare event in underground mines. But it couldn’t have happened at a worse time, in terms of public relations, for Placer Dome. As 500 delegates from around the world began checking into th…
INSIDER TRADES (June 20, 1988)
Amer Ore — G. Oughtred bought 75,000 to hold 205,000. Gldn Briar — Flag Res (1985) bought 16,000 to hold 869,266. Gldn Shadow — E. Rosenberg bought 147,500, sold 175,000 to hold 128,285. Imperial M…
B. C. mines are cited for reclamation work
Four British Columbia mining/ exploration companies have been recognized for the quality, innovation and research work that has gone into rehabilitation of mining areas in the province. Three mines ci…
Gold Standard files claim over Mercur
Gold Standard has launched a second lawsuit in its bid to regain control of the Mercur mine in Utah from American Barrick Resources. While Gold Standard already holds a 15% net profits interest in the…