FINANCING (November 06, 1989)
ONTARIO Blue Heaven Res — final rec iss offer 2,400,000 @ 45 cents per sh to net $662,400. Harte Res Corp — final rec iss offer 250,000 @ $1.50 per sh to net $235,350. Windy Mountain Expl — final r…
News
Northair group among mine makers in northwestern B.C. gold camp
If recent activities by Newhawk Gold Mines (TSE) and Tenajon Resources (VSE) are any indication, the Northair group of companies will be among the new mine-makers in northwestern British Columbia’s St…
Editorial Mining is high tech’s best customer
There were some valid points about Canada’s pursuit of “high tech” objectives made in a recent speech by William Winegard, Minister of State for Science and Technology. Unfortunately, a statement that…
International exhibition
Arcus and the University of Lulea, Sweden, are inviting speakers and delegates to the first Swedish international exhibition on arctic airport and high technology in winter climate. The show and confe…
Belvieau
With its new Beliveau gold mine east of Val d’Or, Que., up and running, Cambior Inc. (TSE) can now turn its attention to bringing another of its numerous exploration plays into production. The Val d’O…
Inco, Noranda officers cash in shareholdings
A group of four executives at Inco Ltd. (TSE) and Noranda Inc. (TSE) made substantial amounts recently by unloading some of their holdings in the Toronto-based resource companies. According to the Ont…
Managing Canada’s Mines Better training will be key to success in
“One of the keys to success in the mining business in the 1990s will be better training and more employee involvement,” says professional engineer Harry Ewaschuk who manages Rio Algom’s Quirke uranium…
News in Brief (November 06, 1989)
Rio Algom (TSE) has declared a semi-annual dividend of 52.5 cents , an increase of 10 cents , on its common shares, payable Dec 4 to shareholders of record Nov 10.
Crown Butte, Noranda compiling results on Montana property
Evaluating a mass of recent drill results from the New World gold- silver-copper property in Montana will be a welcome task for partners Crown Butte Resources (VSE) and Noranda Inc. (TSE) this winter….
Ego plans more drilling on N.W.T. lead-zinc property
Final results have been reported from a 12,000-ft drilling program on Ego Resources’ (TSE) lead-zinc- silver property, 15 km north of MacLeod Bay on Great Slave Lake, N.W.T. A phase-two drill program …
LAC doubles Toqui reserves
LAC Minerals (TSE) has expanded reserves at its Toqui zinc mine 1,000 miles south of Santiago, Chile. Drilling has confirmed the continuity of the pollymetallic Dona Rosa deposit southwest of the mini…
Montreal Exchange Hot Freewest results
Exploration news from the Harker-Holloway gold area of northeastern Ontario sparked heavy trading in the shares of Freewest Resources, a junior involved there in a joint venture with Noranda Inc. (and…