U.S. REPORT Escalante shutdown
Hecla Mining (NYSE) has closed its Escalante silver mine, 40 miles west of Cedar City, Utah. The orebody at Escalante has been mined out and exploration failed to add additional reserves. In operation…
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Marshall gets funding
Marshall Minerals (ASE) has raised $2 million via a private placement of flow-through shares. Marshall will issue 2,010,000 flow through shares at a price of $1 per share. The proceeds of the offering…
Share swap ratio is proposed by Syngold/Int. Thun.
Toronto affiliates Syngold Exploration (TSE) and International Thunderwood Exploration (TSE) have agreed to a share exchange ratio for a proposed amalgamation of the two companies. Pending shareholder…
Sikaman completes NWT drill program
A diamond drill program was completed recently by Sikaman Gold Resources (TSE) on the company’s Kaminak Lake gold property located 160 km southwest of Rankin Inlet in the Northwest Territories. The co…
Jascan, Atlantic each get another $6 million (US)
The final payday came in for partners Jascan Resources (ASE) and Atlantic Goldfields Inc. (COATS). Each company has received $6 million(US) as the final payment from the sale of their interest in the …
Gold Texas seeks court injunction
An injunction is being sought by Gold Texas Resources (VSE) against Malartic Hygrade Gold Mines (VSE) which, if approved, would prevent the latter from voting its shareholding at any Gold Texas shareh…
Trans-Dominion to acquire 48.3% of Doelcam
Trans-Dominion Energy Corp. (TSE) plans to acquire a 48.3% equity interest (3.8% voting) in Doelcam Mining, a private company controlled by Dennis MacLeod. The interest will be acquired in exchange fo…
Coats Trading Features (January 09, 1988)
Chance Mining and Exploration, which retains a 10% net profit interest in ground adjoining the big Kidd Creek mine near Timmins, Ont., was an active trader this week. The Chance property, located in K…
Inco completes work with Seven Mile High on Vault gold project
Inco Gold has completed a 15,000-ft diamond drill program on the Vault gold project in the Osoyoos area of British Columbia and, based on the results, will decide whether to exercise an option to buy …
Vancouver Stock Exchange Market in watching, waiting period
This time of the year is typically a slow period for stock exchanges and Vancouver is no exception. Without much liquidity in the market (yesterday’s volume was only 10.2 million shares), investors ar…
Galactic’s Summitville shuts down for winter
Pit operations and ore production at Galactic Resources, Summitville mine in the San Juan mountain range of Colorado have closed down for the winter, the company said recently. During November, the mi…
New look for Falconbridge
Heading in 1988 into its 60th year of life, Falconbridge Ltd has taken on a new look just over the past year or so. It’s a new look that’s been structured largely by Chairman William James, chief arch…