Monte Carlo Gold president resigns
Gordon Leliever, former president and major shareholder of Monte Carlo Gold Mines (ASE) has sold his control block of Monte Carlo shares to a group of investors headed by Robert Salna of Richmond Hill…
1988
Eskimo Point overlooked
Being a long-term resident of the Keewatin region of the Northwest Territories, specifically Eskimo Point, I am offended by The Northern Miner’s insinuation that exploration activity in our region is …
Bresea has dollars for Back-River bet
Calgary-based Bresea Resources (ME) has secured $285,000 from two flow-through share issues to finance exploration at its wholly- owned Back-River claims in the Northwest Territories. Under separate a…
COATS Trading Features (November 21, 1988)
This week, Mount Pleasant Resources reached an agreement with Cambior whereby it will receive Cambior’s 89% interest in Brunswick Tin Mines Ltd. Mount Pleasant already owns 11% of the issued shares of…
Echo Bay Mines earnings steady
Third-quarter earnings were steady for Echo Bay Mines (TSE), despite increased sales from expanded production. The company had net earnings of $13.5(US) million or 14 per share in the third quarter, …
B.C. heap leach producing gold, silver
The Union heap leach project operated by Sumac Ventures (VSE) near Grand Forks, B.C., generated gross revenue from the six heaps to Oct 1, of $659,804, the company reports. Sumac is treating tailings …
Louvem financing
The issue of rights to its holders of common shares for the sub- scription of flow-through shares amounting to $1.3 million will not proceed, Louvem Mines (TSE) reports. Instead, the company has accep…
Pamorex/Queenston sign Beaver deal
Pamorex Minerals (TSE) has signed a letter of intent to earn a 51% interest in Queenston Gold Mines’ (TSE) Upper Beaver mine gold property. Located about 15 miles east of Kirkland Lake, Ont., the Uppe…
Echo Bay plans new gold mine in Washington state
Echo Bay Mines (TSE) has announced plans to bring into production by early 1990 its Kettle River property in northeastern Washington state. Based on exploration to date and a mining plan developed by …
Galactic/Can-Pacific in Chinese venture
Galactic Resources (TSE) is teaming up with another Vancouver company, Can-Pacific Rare Earths, to conduct exploration in China. The new company Galactic Resources China, will attempt to strengthen th…
Chesbar, Murgold report drilling confirming continuity
Underground drifting and drilling programs at the Chester Twp., gold property being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) in northern Ontario continue to confirm the continu…
Muscocho companies to convert loans into common shares
Loans worth a total of $23.5 million from Echo Bay Mines (TSE) will be converted into common shares, Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) report. T…