Placer/Dome merger plan comes under Giant fire
Somebody is trying to throw a monkey wrench into Placer Development’s plans to merge with Dome Mines and Campbell Red Lake — and ironically it’s a former Placer executive. Out of the blue, Pamour Inc…
News
Naneco funds for U.S. bet
Alberta-listed Naneco Resources has recently entered into an agreement with underwriter Richardson Greenshields of Canada for the public distribution to a common share equity financing of up to $15 mi…
Cliff gold production scheduled for year-end
Gold production from a placer eluvial deposit is scheduled to begin by year-end Cliff Resources says. The company plans to start open pit mining and processing of gold- bearing eluvial accumulations f…
The Swede’s lead
When Mike Amsden, Falconbridge’s vice-president and general manager for Kidd Creek Mines, travelled to Stockholm earlier this year to attend the 13th World Mini ng Congress, he took a $1.25-million pu…
Eastmain explores Northern Quebec target areas
An 8-man field crew under a staff geologist is now on location carrying out geophysical and geochemical surveying, mapping and prospecting on the wholly-owned “Highway” Permit of Eastmain Resources in…
Books (August 03, 1987)
Mineral Development 1984-1986 by Nyal J. Niemuth — Reviews exploration and development at more than 180 mining properties in Arizona plus a table of gold and silver resources. $3.50(US), Department o…
Northern plans new financing
Northern Mining Explorations of Amos, Que., plans to raise up to $1 million through a new limited partnership, Societe en Commandite Isle-Dieu Matagami, the company reports. J. J. Martel, executive vi…
Glen Auden busy with several plays
Glen Auden Resources has completed a geophysical survey on over 100 claims in the La Peltrie area, Que. The ground protects the eastward extension of a gold discovery made by Rambo Exploration. Glen A…
ON THE MOVE Goodman Equipment Corp. (August 03, 1987)
Recently elected as a director of the Goodman Equipment Corp., of Chicago, Ill., is William Downey. During the past year, Downey has helped implement Goodman’s 1986 Mining Business Plan and has helped…
ON THE MOVE Fluirdrive Products (August 03, 1987)
John Marshall has been promoted to manager of Fluidrive Products. He will be par t of the Toronto sales office for itt Standard and will have total responsibilit y for Fluidrive sales and service thro…
Alberta Stock Exchange Gold volumes climb
Production decisions combined with an increase in the gold bullion price brought trading out of its summer doldrums and sent volumes shooting to levels not seen in recent months. For the second week i…
50 years Ago AUGUST, 1937 FALCONBRIDGE ENCOURAGED BY EXPLORATION
The big program of outside exploration undertaken by Falconbridge Nickel Mines on its extensive holdings in the Sudbury nickel- copper area is yielding result s. The holdings were acquired during the …