Continental to merge with United Lincoln
Affiliate companies Continental Gold (VSE) and United Lincoln Resources (VSE) plan to merge. The amalgamation will be on the basis of one Continental share for one share of the new company. United Lin…
News
Argyle begins program on Pickle Lake property
A first-phase drill program operated by Argyle Ventures Inc. (VSE) is about to begin on the Dorothy Lake gold property in the Pickle Lake area of Ontario. Path Resources, a private company, is spendin…
Editorial Inco pays its way
Inco certainly marches to the beat of a different drummer. After declaring a special dividend that will put it $1.5 billion in debt, there were legitimate questions raised about whether the company wa…
Inco plans to spend $500 million to cut acid rain emissions
Inco Ltd. (TSE) has advised the Ontario government that it will spend nearly $500 million over the next five years to reduce sulphur dioxide (SO2) emissions from its Sudbury, Ont., smelter complex. Em…
Drilling continues on Asquith’s Matona mine gold property
The first 12 holes of an 8,000-ft diamond drilling program have been completed on Asquith Resources (COATS) Matona mine property in Tyrrell Twp., 20 miles west of Gowganda, Ont. The program, currently…
Britsh Columbia bans exploration in all parks
In an effort to reduce escalating confrontations over land use in British Columbia, Parks Minister Terry Huberts and Mines Minister Jack Davis formally announced in late December that mineral explorat…
Canamax reduces debt load to Amax Gold and Nat West
Denver-based Amax Gold has emerged with a larger stake in affiliate Canamax Resources (TSE). Following Canamax’s decision to repay $5 million of an outstanding loan to the Denver company, Amax has inc…
Wollastonite discovery
NYCO, a division of Processed Minerals Inc., has made a signi- ficant discovery of wollastonite near Lewis, N.Y. Exploration near the company’s operating wollastonite mine was initiated in 1986. Drill…
HudBay tackles challenges at Namew Lake nickel mine
The country’s newest nickel mine will produce 12.5 million lb of nickel this year compared with the 15 million lb originally planned. The reason is a delay in reaching full capacity, now set for some …
Vancouver Stock Exchange (January 09, 1988)
When trading finished on the last business day of 1988, the VSE Index closed at 792.72 points, off 31.1% for the year. Unlike the Toronto or Montreal Exchanges, which managed to regain at least some o…
Metals trader Deak tries to win producer status
New York-based metals trader Deak International Inc. is gearing up for a two-pronged attempt to become a producing mining company. After amalgamating wholly- owned subsidiary Deak Ariadne, with Canadi…
Rea Gold drilling Flap claims
Six holes totalling 4,337 ft were drilled by Rea Gold Corp. (TSE) on its 29,500-acre Flap property located 20 miles west of Kelowna in south-central British Columbia. The company said the initial diam…