Tyler/Stockmen share exchange
Stockmen Minerals (ASDE) has entered into a share exchange agreement with Tyler Resources Inc. (TSE) whereby Tyler will become the majority shareholder of Stockmen. Diamond drilling has commenced on t…
News
Toronto Stock Exchange Inco, Falconbridge reach highs as minerals
A summer rally which began last week, continued to roll along adding more than 87 pts to the composite index this week. Today, the TSE index advanced 33.98 pts to close at 3,366.53 pts on volume of 23…
La Ronge area to attract $65m. spending in 1988
A 6-year exploration boom in the La Ronge area of northern Saskatchewan, has opened up a new gold mining camp. According to Claude Resources (TSE), one of the major players here, $65 million will be s…
Re-opening of Glodlund possible in Camreco study
Significant drill results reported by Camreco Inc. (TSE) at its northwestern Ontario gold claims have led to preliminary feasibility studies which will look at the possibility of re-opening of the gol…
U.S. coal-miner Nerco moves solidly into gold
Choosing between tenure at the University of Alaska or forming his own exploration company, Lawrence Heiner opted out of academia in 1970 and created Resource Associates of Alaska. He hasn’t looked ba…
New Freewest claims
Twenty-five claims in Benoit Twp. in northwestern Quebec have been acquired from Louis-Paul Dionne, Freewest Resources (ME) reports. The company also says it has entered into an option agreement with …
Exploration the only answer to dwindling reserves
From a speech by Norman B. Keevil, Jr., president and chief executive officer of Teck Corporation, at the 1988 Mineral Outlook Conference in Ottawa. The biggest challenge facing Canada’s mining indust…
Alberta Stock Exchange Tusk to produce gold
In a week when lack of rainfall may have put a damper on the speculative activities of Alberta investors, the Tusk Minerals issue was one of a small group which managed to post gains in their share pr…
Metals Snips
News out of Australia has the Labor government saying it will introduce a tax on gold-mining profits in 1991. Producers of the yellow metal there haven’t paid any taxes since 1925. Australia turned ou…
Inco, Queenston in joint venture at Upper Canada
Inco Ltd. (TSE) subsidiary Inco Gold has agreed to become a 50% joint venture partner with Queenston Gold Mines (TSE) at the Upper Canada mine property near Kirkland Lake, Ont. Under the agreement, In…
Letters to the Editor Confused about amalgamation
Will someone please explain what is going on, to an ignorant, uneducated holder of many Canadian mining stocks? First, an article in The Northern Miner (April 11/88), stating that a huge new corporati…
Central Crude play paying off for Noranda
If Richard Nemis was a little overexuberant in his analysis of Central Crude Ltd.’s (VSE) achievements in the Mishibishu, Ont., gold camp, no one at the company’s annual meeting could really have blam…