News in Brief (April 27, 1987)
Starmark Resources has changed its name to Transglobe Resources on a 1-new-for-3-old share basis.
News
Intnl. conference on ground control
A call for papers is being issued for the seventh international conference on ground control in mining, to be held Aug 3-5, 1988, at Morgantown, West Virginia. Papers are invited in the field of groun…
Northair “will oppose” Nor-Quest takeover offer
Saber rattling sometimes occurs before outright war but the big guns are firing already in a proposed takeover offer for Northair Mines by Nanaimo-based Nor-Quest Resources. Incensed by an offer which…
Platinova enters into three deals
Platinova Resources, a private company and a subsidiary of Toronto-listed Black Hawk Mining, has entered into three separate agreements on three of its properties. The first is with Cominco Ltd. on th…
Exall joins Denison in Ghana gold project
A third partner is joining Denison Mines and Sikaman Gold Resources on the quest for the yellow metal on the original Gold Coast in the Republic of Ghana, West Africa. Toronto-listed Exall Resources i…
Montreal Exchange Rouyn completes funding
It was an up-and-down week for the mining and minerals index on the Montreal Exchange, although resource issues continued to trade actively. Rouyn Resources of Rouyn, Que., which earlier this month co…
Westfield and partners cut low grade in Newfoundland
Additional drill results have been released by partners Westfield Minerals, The Coniagas Mines and Anglo Dominion Gold Exploration from their Little River property in Newfoundland. Westfield, which ho…
Gordex to convert to vat leaching
Based on results of 92 drill holes on 12.5-m spacings, reserves at Gordex Minerals’ Cape Spencer gold mine stand at one million tons grading 0.057 oz gold per ton. Located northeast of Saint John, N.B…
Net asset value up 57% for BGR
The net asset value of BGR Precious Metals for the year ended Jan 31 was $81 million, an increase of 57% from last year, President Ned Goodman reports. Of that total, $14.3 million represents the addi…
A reason behind El Paraiso’s movements
I rely on The Northern Miner to tell me why stocks have jumped up rapidly. I have a number of shares of El Paraiso Resources, a junior penny stock that has steadily moved up from 14 cents this year. …
Editorial No need to panic over Amoco deal
Dome Petroleum’s sad saga continues much in the news these days, a situation that is likely to continue for some time as the politicians are getting more and more into the act. Sparking this latest su…
United Keno expects profit and a longer mine life
There were no questions from the floor at the annual meeting of silver producer United Keno Hill Mines, probably reflecting the fact that shareholders generally liked what they heard from President J….