Yukon silver bet for Apex Energy
Apex Energy Corp. reports it has acquired a 100% interest in a group of nine mineral claims in the Rancheria silver camp in southeastern Yukon Territory. Known as the tbmb property, it lies near the h…
1987
HBMS buying Ruttan mine from Sherritt
The Ruttan mine at Leaf Rapids, Man., is being acquired by Hudson Bay Mining and Smelting from Sherritt Gordon Mines in a deal that is expected to be concluded by July 15. Hudson Bay Mining, a subsidi…
Investment Comment Tundra project gives Getty some potential
Recent drilling results from its Northwest Territories’ Tundra gold property makes Getty Resources an emerging junior gold stock which could soon produce 100,000 to 200,000 oz of gold annually. That’s…
Change at Maggie spurs option
There has been a management change at International Maggie Mines which has enabled the company to pursue an option agreement with Minnova Inc., formerly Corporation Falconbridge Copper. Millard H. Lut…
Moneta options Hananni ground
Nahanni Mines has optioned its 86-claim Michaud Twp. gold property to Moneta Porcupine Mines, President J. A. Harquail told shareholders at the Nahanni annual meeting. Moneta paid $50,000 on signing a…
Metal Prices PRODUCER PRICES (June 29, 1987)
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (June 11, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.35-$3.45 per lb. (June 4, 1987). CA…
Heap leach bets high on Cominco’s list
With $40 million in its treasury from a recent equity offering, Cominco Resources International is preparing to initiate work on 50 international mineral properties. Exploration work at Cominco’s Buck…
Canadian to speak at symposium
Two prominent Canadians are scheduled among speakers at the 12th anuual symposium of the Uranium Institute, to be held in London, England, Sept 2-4. They are Marcel Masse, federal minister of energy, …
Mining engineer shortage looms Education Foundation warning
With a shortage of highly trained mining and metallurgical engineers once again looming in this country, the Canadian Mineral Industry Education Foundation is stepping up its efforts to attract studen…
METAL MARKETS Base metals beat summer doldrums
Low inventory levels and a weak U.S. dollar are preventing a summer slowdown in base metals markets, and in precious metals the sideways action is a positive action, First Marathon Securities says in …
People (June 29, 1987)
M. A. Hanna Company — Garth W. Henry elected vice-president and comptroller.
Nor-Quest bid for Northair a “property grab”
A formal offer has been made by Nor-Quest Resources for control of Northair Mines which is now preparing a fairness opinion on the proposal. The hostile takeover bid has already been denounced by Nor…