Metall attempts to shed `holding company’ image
When Placer Dome Inc. (TSE) announced recently that it was selling a 25% stake in Falconbridge Ltd. (TSE), one of the most likely buyers appeared to be Metall Mining(TSE). The newly created mining win…
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Overton to amalgamate with Newfoundland Exp.
Toronto-based Overton Energy and Resources has agreed in principle to amalgamate with private company called Newfoundland Exploration, Overton said recently. “Newexco’s” principle asset is the Handcam…
NO HEADLINE (June 13, 1988)
TEXT: Houston Metals Corp. (VSE) has signed an exploration agreement with 1988 Tap-IV Resource Ltd. Partnership to subscribe for 602,410 flow-through shares to be issued by Houston at 83 cents per sh…
Granges contemplating merger
Merger talks between Granges Exploration (TSE) and Hycroft Resources & Development (VSE) have been expanded to include Goldbelt Mines (VSE). The proposed merger is subject to fairness opinions from in…
Impressive assays SNIP looks good underground
Impressive assay results have been reported by Cominco Ltd. (TSE) and Delaware Resources (VSE) from underground exploration and development in the Twin zone at their SNIP project northwest of Stewart,…
Cobalt silver gave birth to Ontario’s mining industry
In 1988, the town of Cobalt, Ont., celebrates its 85th anniversary — 85 years of uninterrupted silver production, yielding half a billion ounces. Agnico-Eagle’s emergence as the dominant force in the…
Books in Review Register of Australian Mining
REGISTER OF AUSTRALIAN MINING, 1988-89, edited by Ross Louthean. Published by Resource Information Unit, 100 Hay St, Subiaco, Western Australia, 6008. Price $195. Overseas (North and South America), $…
Agreement on coal research
The action committee on Western Canadian Low- Sulphur Coal has endorsed recommendations calling for government support for the development of technologies to enhance the competitiveness of western coa…
Prospector made discovery that created Noranda
In the early 1920s, prospector Edmund Horne discovered along the shores of Lake Osisko, in northwestern Quebec, one of the richest lodes of copper and gold in the world. Over the years, the deposit wa…
Rockford to get shares of Northern Ranger
Rockford Minerals (TSE) has agreed to buy a controlling block of 4.7 million shares of Northern Ranger Minerals (ASE) from Northfield Capital Corp. (COATS) in a share exchange agreement. Northern Rang…
Abermin Corp. reports loss
Abermin Corp. (TSE) reported a $355,000 net loss for the quarter ended March 31 compared to a $202,000 loss a year earlier. Working capital (cash and short term deposits) totalled $1.5 million at the …
Alberta Exchange: smaller is better?
It may be the least visible of the four Canadian exchanges, but for junior mining companies trading on the Alberta Stock Exchange, smaller can sometimes be better. Free from the red tape and bureaucra…