Control of United going to Europeans
Control of United Mining Corp. could pass to a European group following the completion of a deal between United and a U.S.-based company, El Dorado Gold Mines. Under the terms of the agreement, United…
News
Investors break records with vengence on the TSE
Records were broken with a vengeance on the Toronto Stock Exchange with investors trading a greater dollar value and a greater volume of shares in 1986 than ever before. Dollar value traded rose to $6…
BP Canada Inc. raising funds for capital use
BP Canada Inc. has filed a preliminary prospectus for an offering in Canada of 3,000,000 common shares at a price of $36.625 per share. The underwriters for the issue are Wood Gundy Inc. and McLeod Yo…
Editorial Uranium could be next on U.S. hit list
Well that was some victory we won(?) in those last-minute negotiat ions to settle that Ottawa-Washington bitter trade dispute over the imposition of U.S.-ordered taxes against our multi-billion- dolla…
Reins of power at Inco changing hands this year
The reins of power will be changing hands this year at Inco Ltd., the world’s largest producer of nickel. Following the annual meeting in April, Charles F. Baird, chairman and chief executive officer,…
Three companies continue drilling northern Que bet
Joint venture partners Golden Triangle Mining Exploration, Monica Resources and Canadian Industrial Minerals Corp. say further diamond drilling will begin early this month to test a geological environ…
Investment Comment Echo Bay expected to lead Canadian gold stock
Targetting the price of gold to move upwards to the $450(US) to $500-per-oz range this year, Richardson Greenshields of Canada’s David R. James expects Echo Bay Mines to continue as the leader in the …
Canper drilling in Larder Lake LD
A 4,200-ft drilling program is continuing at Canper Resources’ Katrine-Ossian Twp. gold property in the Larder Lake area of northeastern Ontario, known formerly as the Walsh-Katrine mine. To date, gol…
Drilling extends to 250 m Novamin’s Tonawanda zone
The Tonawanda property, 3.5 miles east of Cadillac, Que., is shaping up into an interesting gold play for joint venture partners Novamin and St. Joe Canada. A gold-bearing zone discovered by two earli…
Underground work is planned by Omni Resources
An underground development program is planned at Omni Resources’ Skukum Creek gold-silver property this January. The property is adjacent to the AGIP-Erickson Mt. Skukum gold mine which started produc…
Drilling planned on Roxwell project
Drilling should start this February on Roxwell Gold Mines’ MOS project 50 miles northwest of Yellowknife, N.W.T. The property falls under an option agreement with Canamax Resources. Canamax can earn a…
Granges/Abermin close to decision on Tartan Lake
A 500-ton modular mill will likely be operating at an initial rate of 250 tons per day by late March at Tartan Lake, eight miles northeast of Flin Flon, Man., according to project operator Granges Exp…