COATS Trading Features (March 28, 1988)
Tarzan Gold was the volume leader for another week on coats, trading more than 260,000 shares to $1.65. The company has started a major exploration effort on a large tract of land immediately south of…
News
Cassiar gets $25m. loan
The government of British Columbia has agreed to loan Cassiar Mining up to $25 million to develop its McDame asbestos deposit near Cassiar, B.C. Because of its difficult financial position, Cassiar Mi…
Skylark to drill Carlin
A drill program is scheduled to begin shortly on the Pan property held by Skylark Resources (60%) and Pic Prospectors International (40%). Located in the Carlin area of Nevada, the Pan claims have bee…
TSE permits discount on private placements of flow-through shares
The Toronto Stock Exchange says it will permit listed companies to issue flow-through shares through a private placement at a discount to the market price of up to 15%. The exchange says the policy ch…
Iron Ore’s iron recovery to get a boost from CANMET
It’s expected that as a result of a new company/government technology agreement, the Iron Ore Co. of Canada, (iocc), will be able to considerably improve iron recovery from fine ore now going to taili…
Queries Sunburst President hopes for better days
I am writing to request some information on a company called Sunburst Exploration. When I last heard from them, they were involved with Soquem and Sullivan Mines in a joint venture property at Rouyn-N…
Toronto Stock Exchange Soaring nickel sparks Inco, Falconbridge
Nickel, the metal which no one wanted during most of the 1980s, can’t be had today. As a result, several records were set as the nickel price rally, which started at the beginning of the year, explode…
Editorial Stephen B. Roman
The death of Stephen B. Roman is truly a milestone in the history of Canada’s mining industry. Seldom has one man put his stamp so firmly on such a large mining enterprise. Seldom has the grip of one …
Onitap gets claim
Onitap Resources has optioned a 37-claim property near Goldboro, N.S. The property covers four old shafts which were used to access several gold veins in slate beds years ago. The property is near the…
No glitter at Glimmer
An 8-hole drill program financed by Canamax Resources on a property held under option from Glimmer Resources, has failed to intersect any significant gold mineralization, Glimmer says. Located in Barn…
Nickel prices flying high
Demand for nickel in a period of tight supply is driving the price of the base metal sky-high. The spot price for nickel on the London Metal Exchange (lme) had risen to the $8.70(US)-per-lb range at p…
Noranda, Hemlo Gold active at red-hot Mishibishu region
Mishibishu. It’s a strange sounding name but one likely to become increasingly familiar to our readers in the months and years ahead. The recent announcement that the Mishibishu joint venture group (5…