NLX Res. acquiring Sandy K. property
An agreement has been worked out between NLX Resources (TSE) and Sandy K. Mines, a private company, whereby NLX will acquire 100% of the issued and outstanding shares of the latter in return for 6.7 m…
News
Gold reserves double since ’81
Canadian gold reserves — the gold content of proven and probable ore in all operating mines and deposits committed for production — have doubled since 1981 according to Energy, Mines and Resources, …
People (April 18, 1988)
Toronto Futures Exchange — Tristram S. Lett appointed to the board of governors.
Vancouver Stock Exchange Greenwood sale boosts Rimacan
With gold prices marginally weaker, the Vancouver market has softened somewhat and at presstime was off 2.3 points to 1097.5. This is typically a slow period in Vancouver and reflects the seasonal nat…
Toronto Stock Exchange Inco races tonew high during week-long rally
A 5-day rally which has added more than 70 pts to the composite index, paused today with a small 4.64-pt loss to close at 3,397.72 pts. The rally, which has taken the TSE- composite to a post-crash hi…
Cominco Resources forecasts 100,000 oz gold production
Intent on becoming a major gold producer in the near future, Cominco Resources International (TSE) has established a “realistic” production goal of 100,000 oz within a few years. Addressing the compan…
Kam-Kotia purchases
Kam-Kotia Mines (TSE) has acquired an additional 159,000 Class B shares of Dickenson Mines (TSE) via purchases on the Toronto Stock Exchange. Kam-Kotia now owns 2,183,778 Class B shares or 41.6%.
Quebec delays new mining law
A new Mining Act in Quebec which was scheduled to come into force April 1 will not be promulgated until the first of September, George Cockburn, director of mining titles with the mining division of t…
Phoenix srengthens ’87 position to $4.9 million
The sale of a 50% interest in the Bateman, Twp. project at Red Lake, Ont., strengthened Phoenix Gold Mines’ (COATS) 1987 cash position, the company said recently. After selling a 43% interest in the j…
New Corona combines companies of Royex group
Canada’s newest major mining company, Corona Corp., is an amalgamation of five Royex-Corona firms whose total estimated gold output this year and in 1989 will put it among the top three gold producers…
Good assay results at Pan East/Gunnar joint ventre
Some very encouraging assay results were received this week from two holes put down by joint venture partners Pan East Resources (ASE), Petroment Resources (TSE) and Gunnar Gold Inc. (TSE) on the Fift…
Timmins Report Anyox mills Toronto sewage
The latest in heap leaching technology will be the topic of discussion at a seminar to be held in Timmins May 24-26. The seminar, called Heap Leaching in the Canadian Environment, is being sponsored b…