Hollinger North tests for lump ore
Bulk-sample testing of three iron ore deposits, aimed at identifying lump ore, was undertaken this past summer by Hollinger North Shore Exploration, a wholly owned subsidiary of La Fosse Platinum (TSE…
News
World potash market on recovery curve
Consumption of potash will continue to increase at about 2% per year until at least the end of the century, Roskill of London predicts. The research company says world production of potash in 1988 hit…
Cheni bottom line improves
New producer Cheni Gold Mines (TSE) reported earnings of $1.76 million or 16 cents per common share after an extraordinary item for its third quarter ended Sept 30. Cumulative earnings for the seven …
Betts Cove results encourage Bitech in Newfoundland
Preliminary assay results from recent drilling on Bitech Corp.’s (ASE) Betts Cove property in northern Newfoundland have encouraged the company. The property is about two kilometres south of Bitech’s …
FirstMiss quarterly profits slip
First-quarter earnings for FirstMiss Gold Inc. (NASDAQ) fell to $621,000(US) or 3 cents per share for the period ended Sept 30, compared with earnings of $771,000 for the same period in 1988. The com…
Preview blossoms into notable gold deposit in just one year
A feasibility study on the Bakos gold deposit near La Ronge, Sask., could lead to a production decision by mid-1990, Cameco says. Cameco, Uranerz Exploration and Mining and Windarra Minerals (TSE) own…
Esperanza revises Tillicum reserves
This season’s drilling by Esperanza Explorations (VSE) on its 100%-owned Tillicum Mountain property near Nelson, B.C., has resulted in a revision of reserves. The East Ridge zone is now reported to co…
Westfield’s sale of Chilean mine draws criticism
Some minority shareholders of Westfield Minerals (TSE) are unhappy with a recent transaction in which all of the company’s mining assets were transferred to a wholly owned Northgate Exploration (TSE) …
Exchanges limit super-voting’ shares
Canadian stock exchanges have adopted measures designed to limit the sprea of multi-vote shares, which are often used by company insiders to sell shares without losing control of the company. Starting…
Dejour, Quill merger
Dejour Mines (TSE) plans to merge with privately owned Quill Resources. Dejour will issue 12 million treasury shares to Quill’s shareholders in a reverse takeover that will give control of Dejour to Q…
Aur hits widest section yet in deep hole at Louvicourt
Results from the latest round of drilling at the Aur Resources (TSE), Societe Miniere Louvem (TSE) discovery near Val d’Or, Que., indicate that the deposit is still opening up at depth. That was confi…
News in Brief (November 13, 1989)
Trader Resource (TSE) says it plans to exercise its option to acquire all of the shares of Ronnoco Gold Mines (COATS) held by Broulan Resources (TSE) and a private estate at $1.25 per share. Broulan o…