Homestake takes position in Vancouver companies
Developing “strategic relationships” has become an important part of Homestake Mining’s investment strategy in recent months, particularly in Canada. A few weeks ago the company entered into a series …
News
Audrey’s new sulphide lens, biggest since Quemont find
With four drills on site, Audrey Resources (TSE) is beginning to outline the dimensions of a new massive sulphide lens discovered recently near the company’s 70%- owned Mobrun mine workings at Rouyn-N…
Income from Barrick down, Horsham says
Due to the dilution of its ownership position in American Barrick Resources (TSE) of Toronto, The Horsham Corp.’s (TSE) share in the gold producer’s income declined this year. Horsham reported first q…
Cassiar negoitating to buy copper mine from Newmont Mines
At press time The Northern Miner learned that Cassiar Mining (TSE) was negotiating the purchase of Newmont Mines’ Similkameen Copper operation near Princeton, B.C. The move by Cassiar appears to be an…
Inco expects its nickel price will top $5/lb
The world’s premier nickel producer, Inco Ltd. (TSE), says its expects its average realized price for nickel will exceed $5(US) per lb for the second quarter of 1988. The company, which doesn’t normal…
FINANCING (June 13, 1988)
VANCOUVER Approach — min 600,000 offered @ 35 cents per sh. Claw — 600,000 sold for gross $127,400. Dundee — gross proceeds rec $270,000. Tungco — 700,000 shs offered @ 82 cents per sh. Trans As…
Gold City producing gold at Indian River placer bet
After brief delay, gold production is under way at Gold City Resources’ (ASE) placer operation at Indian River, Yukon, the company said recently. Thought to contain about two million oz of fine gold, …
Montreal Exchange Francoeur set to go
More good news from northwestern Quebec. Project manager Rouyn Mining Resources announces completion of a 25,000-ton bulk sample from the Francoeur property located est of Rouyn-Noranda averaging 0.19…
Gold not the only mineral being sought in Madoc camp
Ontario’s oldest gold camp — the Madoc area in the eastern part of the province — is still the site of exploration activity, although other minerals are being sought in addition to gold. One of the …
Mishibishu is hotter area that ever
Hemlo Gold Mines (TSE), which is heavily involved in the promising Misibishu area of northwestern Ontario, reports it has an agreement with Caribbean Resources (VSE) and Exmar Resources(VSE) for the e…
VSE, top junior resource market, still setting records
While the period since October 19 has been one of reduced volumes and lacklustre trading for the Vancouver Stock Exchange, Canada’s leading junior resource market has continued to set more records, as…
Gold fever of the 1800s alive in Australia today
The discovery of gold in Australia, which was greeted with great excitement and frenzied activity almost 140 years ago, changed the face and destiny of a very young nation. It was arguably the most im…