Muscocho/Echo complete deal
Muscocho Explorations (TSE) and Echo Bay Mines (TSE) say they have completed a private placement agreement designed to finance development at a number of projects including the Magino gold property ne…
News
Flush with 1987 successes, future bright for drillers
Members of the Canadian diamond drilling industry has just completed their twelve busiest months on record. The ’87-’88 drilling season caps a 5-year period in which there has been an estimated 220% i…
Platinova sees cash flow from wollastinite in ’89
Platinova Resources (TSE),is a fast-moving 2-year-old company whose credo is to explore for and develop specialized commodities with high growth potential. One of the first of such projects to possibl…
Can-Mac drill results from Boston project
Encouraging results have been received by Can-Mac Exploration (VSE) from the company’s drill program on the Boston Twp., Ont., property. A 4,200-ft diamond drill program followed up high grade results…
Brohm Gilt Edge reserves
An independent analysis of reserves has been prepared by a U.S. consulting firm for Brohm Resources’ (TSE) Gilt Edge project in South Dakota. Proven and probable oxide reserves now stand at 6.2 millio…
CIM a success, trade show a money-maker
More than 1,400 delegates signed up for the 90th annual meeting of the Canadian Institute of Mining and Metallurgy held at the convention centre on the banks of the north Saskatchewan River in this ho…
Bishop suspends mining and milling pending review
President Rene C. Mutsaerts of Bishop Resources Development (VSE) reports that two shipments of lead, zinc, silver and gold concentrate have been made from the Duthie mine and that the mill on the pro…
Vancouver Stock Exchange Rate fearts send market down
Last week the federal government’s decision to extend and enhance flow-through (at least for juniors) was greeted with a big yawn; but the market has backed off since then and today it followed Toront…
Strengthened Noranda looks for even better year in ’88
First-quarter results by Noranda Inc. (TSE) picked up where they left off at the end of 1987, with the diversified resources company recording net earnings of $129 million, or 66 cents per share, com…
Obituary William Bawden
William E. Bawden, a former chief engineer in the 1950s and 60s of the then-Ontario Department of Mines, inspection branch, has died at Port Hope, Ont., at age 90. A 1926 mining engineering graduate o…
$500 million deal Placer to sell Falco stake
Gold-producer Placer Dome (TSE) wants to divest itself of its almost 25% interest in Falconbridge Ltd. (TSE), shareholders were told at Placer’s annual meeting which took place in Toronto. Placer has …
Metal Prices FREE MARKET (May 16, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 10 May 9 May 6 May 5 May 4 Copper 1320-1330 1232-1234 1182-1184 1200-1202 1188-1190 Lead 337-339 …