SOQUEM, Equity regional’ find
A gold-bearing structure consisting of quartz-tourmaline-pyrite mineralization has been outlined on the Olga Lake property of SOQUEM and Equity Silver Mines (TSE), about 40 km east of Matagami, Que. S…
Articles by Northern Miner Staff
Metal snips Bougainville on care and maintenance
Owners of the Bougainville copper-gold mine in Papua New Guinea have placed the project on a “care and maintenance” basis. Capable of turning out 180,000 tonnes copper per year, the mine was closed Ma…
Western Mining listed on NYSE
Australia-based resource giant Western Mining Corp. Holdings (NYSE) was listed for trading recently on the New York Stock Exchange. Ordinary shares of Western Mining are listed as American Depositary …
FINANCING (January 22, 1990)
VANCOUVER Dromedary Expl. — 800,000 sold for gross $288,000. Nortran Res. — min 600,000 offered @ 47 cents per sh. Circumpacific Egy — 1,000,000 sold for gross $500,000.
Homestake drills strong hole on SAG’s Akaiwong project
Drilling by Homestake (NYSE) on the Akaiwong gold property held under option from South American Goldfields (TSE) in Guyana, has returned encouraging results. A 12-hole program designed to test a larg…
Falco extends program
Falconbridge Gold (TSE) will extend the expiry date of its small shareholder selling program to Feb. 28. Originally scheduled to expire on Dec. 28, the program enables shareholders owning 99 or fewer …
Corona offering near $100 million
Following in the steps of two other major Canadian gold producers, Corona (TSE) has gone to the market to raise capital through an offering worth almost $100 million. Toronto-based Corona will issue n…
Wye Resources shuffles board
The board of directors of Wye Resources (COATS) have accepted the resignation of Martin Oosterveld as the company’s president and James Myslicki as vice-president. Elected as Wye’s new president is Da…
Toronto Stock Exchange Indices (January 15, 1990)
1989 Jan. 9 Jan. 8 Jan. 5 Jan. 4 Jan. 3 HIGH LOW Composite “300” 3952.353971.073990.374000.914009.474009.473952.35 Metals & Minerals 3344.403359.213399.973453.053452.903453.053…
FINANCING (January 15, 1990)
Major General Res — 500,000 offered @ $1.50 per unit. Team Res — 700,000 offered @ 70 cents per sh. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Forbes Res — min 650,0…
Claude extends work program at Seabee
Exploration work on Claude Resources’ (TSE) Seabee gold deposit in northern Saskatchewan is expected to lead to a production decision by May, the company says. The current exploration program, which b…
Breakwater makes offer to acquire El Mochito
Gold producer Breakwater Resources (TSE) has announced plans to acquire all the outstanding shares of American Pacific Mining (TSE) which owns and operates the profitable El Mochito polymetallic mine …