Grants to Laurentian
Government grants totalling $49,700 will be used by Laurentian University at Sudbury, Ont., to examine and report on the current status of research in remote sensing and its potential application to m…
1988
Toronto Stock Exchange Rate concerns ignored asrally reaches new
Interest rate fears took a back seat to investor desires to squeeze out more profit from the summer rally. During the week, the composite reached a new high before settling back to 3,454.9 pts — down…
Coin Lake prevails for U.S. gold mine
Gold production from the Golden Reward property in South Dakota is expected to begin within six months, Thomas Skimming, chairman and chief executive officer of Coin Lake Gold Mines (TSE), told shareh…
Platinova, Corona form joint venture
Toronto-based Platinova Resources (TSE) and International Corona Resources (TSE) have agreed to become joint venture partners, at Platinova’s East Greenland exploration concessions. In 1987, extensive…
Inspiration sells U.S. subsidiary
Inspiration Resources Corp. (TSE) has completed the sale of substantially all the assets of its U.S. subsidiary, Inspiration Copper Co., to Cyprus Minerals Co. for approximately $125 million in cash. …
Perrex drill program
A 30,000-ft drill program is in progress on the Iris gold property held by partners Perrex Resources (ASE) and The Alberta Gold Exploration Corp (ASE). Located in the Harker-Holloway area east of Math…
CoCa Mines sought by USMX
Explaining why its recently proposed merger with Pegasus Gold (NASDAQ) ended in failure, CoCa Mines (NASDAQ) said in a shareholder’s letter that it also held serious negotiations with USMX Inc. of Den…
Placer Pacific gets Australian prospect
In a package deal that involves two separate agreements, Placer Pacific, a subsidiary of Placer Dome (TSE), has acquired a potential gold producer in Western Australia and a number of other properties…
COATS Trading Features (July 11, 1988)
A holiday shortened week took its toll on COATS-listed issues. Newfield Mines continued firm at $5 on volume of 5,600 shares. The company will be merged with TSE- listed issues Jonpol Explorations and…
Lac Moves on Jonpol project
Trucking of ore from a Garrison Twp., Ont., property to the Macassa mill in Kirkland Lake will be considered by Lac Minerals (TSE), a Lac spokesman tells The Northern Miner. The operation is contingen…
Euro-Nevada’s Hasbrouck property dealt to FMC
Royalty specialist Euro-Nevada Mining (TSE) has granted to FMC Gold, an option to buy its Hasbrouck Mountain Gold property near Tonopah, Nev., for $2.39 million(US), the company said recently. Under t…
Quebec STurgeon group follows St. Andrew lead
A concerted drive toward production at the Stock Twp. property near Timmins, Ont., has made St Andrew Goldfields (TSE) the star in Quebec Sturgeon River Mines’ (TSE) group of four mining companies. Th…