Western Mng. bids for Grandview Res.
VANCOUVER — Subject to shareholders and regulatory body approvals, Western Mining Corp., through its wholly-owned subsidiary wmc (bc) will take control of Grandview Resources. The Australian mining g…
News
Louvem, partners completing drilling at Courvan bet
Encouraged by a drilling campaign just concluding on the Courvan gold property near Val d’Or, Que., are partners Louvem Mines (52%), Courvan Mining (45%) and Aabarock Mining Resources (3%). The curren…
Musacocho bucks market trend with $18 million offering
While the Black Monday market debacle has forced other companies to cut back on their equity financing activities, Toronto-based Muscocho Explorations is going ahead with a plan to raise $18.87 millio…
Indian exhibition
Planning a major mining show next year is India, with the staging of the Indian International Mining Equipment and Minerals Processing Technology Exhibition in New Delhi. The exhibition, scheduled for…
Editorial Tax Reform hurts base metal miners
These glory days for gold are overshadowing the importance of base metals to Canada’s mining industry to the point where the future of base metal mining in Canada is not at all clear. The last thing t…
Yellowjack options Lucky Boy claims
Yellowjack Resources has optioned the Lucky Boy property from Cominco Ltd. Located two km south of the H.B. mine near Salmo, B.C., the property covers showings of lead-zinc mineralization similar to t…
Asamera Minerals shows profit
The new mining arm of Asamera Inc., Asamera Minerals reports net profits from the start of operations on July 1 to Sept 30, of $1.1 million(US) on revenues of $6 million. Pro-forma results (which assu…
Camindex Mines awaits name change approval
While production has resumed at the Valdez Creek placer gold mine in Alaska, Camindex Mines is still waiting for regulatory authorities to approve the company’s decision to change its name. At a meeti…
News in Brief (December 21, 1987)
Carben Energy has changed its name to American Medical Technologies Inc. (amo:vse) on a share- for-share basis.
New zone uncovered by Rayrock, partners
A new zone has been discovered on the Bellavista section of gold- silver property in Costa Rica which Rayrock Yellowknife Resources, Midland Energy and Westlake Industries are exploring under an optio…
Metal Prices FUTURES PRICES N.Y. Commodity Exchange Week’s High
.00 — 7.50 ** May 715.00 684.00 686.90 — 7.30 ** ** GOLD (in US$ per oz.) ** ** Dec 494.20 480.00 482.70 — 0.08 ** ** Feb 499…
Homestead drilling early next year
Drilling is slated for early 1988 on Homestead Resources’ newly acquired Legacy gold prospect in the Rice Lake belt of Manitoba. Geological mapping, line cutting and geophysical work is being carried …