Cheni to buy Energex’s Al claim
In concert with the company’s move away from mining, Energex Minerals (TSE) sold its Al Claims group in the Toodoggone region of northern British Columbia to Cheni Gold Mines (TSE) in exchange for var…
News
Noront putting six drills on Newfoundland, Ontario claims
With $1 million cash on hand, Noront Resources (VSE) is gearing for a major program of exploratory drilling that will employ six rigs. It will follow up a number of targets established during the past…
COATS (over-the-counter) Gold Bar drops 25 cents
Gold Bar Resources’ announcement that it has hired the firm of James Wade Engineering to prepare a prefeasibility report on Gold Bar’s Chester Twp. Ont., gold property didn’t do much to help that issu…
Skyrocket sues VSE for $230,000
A writ of summons has been filed in the Supreme Court of British Columbia by Skyrocket Exploration and Resources (VSE) against the Vancouver Stock Exchange and a number of its employees. The writ invo…
Editorial More on interest rates
From a speech by John Crow, Governor of the Bank of Canada, to the Winnipeg Chamber of Commerce In what I have just said I have aimed to make clear why the Bank of Canada has been seeking in recent …
Greenstone to test mill at Millie Mack
Toronto-based Greenstone Resources (TSE) and partner Dragoon Resources (VSE) have mobilized a 50-ton-per-day flotation mill which will begin processing material from the company’s 4,407-acre Millie Ma…
Agnico, Dumagami merger can’t stop takeover talk
It is business as usual at the Agnico-Eagle Mines (TSE) group now that shareholders of 43% owned Dumagami Mines have approved a merger with Agnico. At a special meeting in Montreal, 90% of Dumagami sh…
News in Brief (December 25, 1989)
Quartz Creek Gold Mines (B.C.) has changed its name to Pilot Peak Gold Inc. (VSE) on a 1-new-for-3-old-share basis. Transfer agent is Pacific Corporate Services Ltd.
Obituaries Robert Halet
Dr Robert Halet of Milton, Ont., a geologist instrumental in several significant discoveries, died recently. He was 79. Born in Brussels in 1910, he graduated with a B.Sc. in geological engineering fr…
Metal Prices (December 25, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 19 Dec 18 Dec 15 Dec 14 Dec 13 Copper 1488-149…
Hillman increasing Cal Graphite stake
A minority shareholder of Cal Graphite (VSE) is planning to increase its holdings in the junior to more than 15%. Wilmington Securities, a Delaware subsidiary of The Hillman Co., controlled by Pittsbu…
Hottest base metal (December 25, 1989)
It’s being called the hottest base metals discovery since Kidd Creek and the Louvicourt Twp., Que., find of joint partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) brought a sluggish June …