Correction (July 25, 1988)
Contrary to what was reported in The Northern Miner recently, Galactic Resources and Lepanto Consolidated Mining have blocked out approximately 292,200,000 tons of grade 0.041 oz gold per ton at the L…
News
Editorial We’re way behind on market regulation
We in this country are subjected to essentially the same market forces — including the excesses and abuses — as are our big neighbors to the south. Yet all too often we follow but lag behind their r…
Vancouver Stock Exchange Seven Mile High gets attention
Surging gold prices did little to muster enthusiasm for most junior resource stocks today. One issue which saw better days during the Hemlo heyday, came back. International Interlake Industries, which…
Messeguay reserves
A mineral reserve (probable and possible) of at least 541,300 tons grading 0.12 oz gold per ton is indicated to date for zone 75 at the Launay-Privat property located 30 miles northeast of Rouyn-Noran…
Michele deal ended
An option agreement between Michele Gold Mines (VSE) and Cathedral Gold Corp. (TSE) has terminated. Under the agreement, Michele had the right to earn a 49% interest in Cathedral’s Addington gold prop…
Holt-McDermott dilution monor problem: Barrick
With all the hype surrounding some astonishing gold discoveries at the Goldstrike operation in Nevada and a lawsuit over the Mercur mine in Utah, American Barrick Resources’ (TSE) newest gold producer…
Obituary Emerson Thompson
Veteran prospector Emerson Huck Thompson died recently at Durham, Ont., in his 81st year. Thompson, who prospected for many years for Conwest Exploration, did most of his lifetime work in Ontario and …
Investment comment Falconbridge issue expected to lag
Riding on some of the healthiest commodity prices seen in recent years, Falconbridge Ltd. (TSE) went into fiscal 1988 in what can only be described as sterling financial shape. The Toronto-based nicke…
South African mine strikes cited in gold output drop
From the South African Chamber of Mines’ Newsletter While tons of ore milled by primary gold mines, members of the Chamber, remained constant at 107.6 million tons in 1987, gold production fell by som…
Placer Dome top producer, Golden Giant leading mine
If asked which mining company is the largest gold producer in Canada, from Canadian gold-mining properties, you probably wouldn’t have any trouble in identifying Placer Dome (TSE). The gold giant is o…
News in Brief (July 25, 1988)
Vancouver-based Fleck Resources (VSE) says it has arranged with NIM Resource — 1988 and Co. Ltd. Partnership for a flow-through share issue to raise $500,000 for qualified expenditures on Fleck’s Smi…
Rouyn’s Francoeur ready to produce
Operations at the Francoeur gold mine near here are scheduled to begin generating cash flow on October 15th, project operator Rouyn Mining Resources (TSE) says. Shared equally with Lac Minerals (TSE),…