News in Brief (November 03, 1986)
A takeover attempt for control of MacDonald Mines was narrowly thwarted by the current management at a recent shareholders’ meeting. The present board of directors received 1.75 million shares versus …
News
16 holes cut gold values on Cline’s Wawa-area property
Anomalous gold values were encountered with values ranging from 0.023 to 1.454 oz gold per ton in all of 16 holes drilled by Noranda Exploration on Cline Development’s Cline Lake property about 15 mil…
Vestgron shares not tendered to either two takeover bids
Trading in shares of Vestgron Mines resumed on Friday Oct 24 on the Toronto Stock Exchange after a week-long halt for disclosure that the major shareholder Cominco Ltd. has not tendered its Vestgron s…
Murphy Oil Co. has changed its transfer agent to Canada Trust Co.
NO TEXT…
A French research institute, Ifremer, has discovered substantial
deposits of cobalt off the islands of Tuamotu near Tahiti, says the French government. Production was halted Oct 22 at Boliden AB’s Aitik copper mine near Gallivar in northern Sweden when 400 of the m…
Gold Standard Resources has changed its name to Consolidated Gold
Resources on the basis of 1 new for 5 old shares.
Bruce Ross will head mining education review
C. Bruce Ross, who retired late last year as president of Labrador Mining and Exploration, has been appointed by the Ontario government to undertake a review of the future education and training needs…
Obituary: James Nowlan
A former Nova Scotia deputy minister of mines, James P. Nowlan, has di ed in Halifax at the age of 76. A professional geologist who enjoyed a long career in the mining industry before entering governm…
Giant Yellowknife Mines reports consolidated net income of $1,607,
37 cents per share for the third quarter of 1986 resulting in consolidated net income of $2,259,000 or 52 cents per share for the 9-month period ended Sept 30. Net earnings for the same periods in 1…
Anchor Gold placer mining in Colombia
The Spaniards were the first to mine gold commercially in the South American country of Colombia which is probably best known as a coffee exporter. But today, modern placer mining techniques are recov…
Kilembe Resources will receive $150,000 from a limited partnership
return for flow-through shares at 60 cents each. The proceeds will be used for exploration of Kilembe’s Malartic Twp. property in northwestern Quebec. A 2,500-ft drill program has already started on …
Survey maps Pickle Lake area
The hot Pickle Lake exploration area in northwestern Ontario is covered by a set of 59 new survey maps just released by Ontario’s Ministry of Northern Development and Mines. The ministry says the maps…