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…
News
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…
Bechtel executive named President of Louisiana
Cade Harvard, chairman of Louisiana Mining (ASE), is handing over control of the company to a couple of former Bechtel Corp. engineers who he hopes will turn the company’s southern Nevada gold project…
Galactic options portion of Philippines project to major
The timing couldn’t have been better for Galactic Resources (TSE) to announce an agreement with an undisclosed international major mining company involving its Far Southeast porphyry gold-copper proje…
Toronto Stock Exchange Easing bullion prices snap rally in golds
A 4-day rally in golds came to an end today, Nov 8, as easing bullion prices and profit-taking from nervous traders clipped 81.9 points or 1.13% from the gold and silver index. The rally in golds was …
HudBay’s profit up
Strong copper and zinc prices resulted in improved earnings for Hudson Bay Mining and Smelting, the 100%-owned company of Inspiration Resources (NYSE). For the quarter ended Sept 30, Hudson Bay earned…
Nickel shines in Ontario; gold is Quebec’s top value
The high prices for nickel last year made the metal the largest income producer among Ontario’s minerals, the Ontario Ministry of Northern Development and Mines reports in its publication Ontario Mine…
McAdam drifting at Spud Valley
Exploration drifting on the Linton North vein at the Spud Valley gold project on Vancouver Island continues to yield positive results on the 7A sublevel, 60 ft updip from the 7 level, McAdam Resources…
Northgate increases stake in Geddes after Cominco buys 17%
Toronto-based Northgate Exploration (TSE) was prompted recently to protect its investment in the Windy Craggy copper gold project by increasing its stake in Geddes Resources (TSE) to 42% from 31%. Nor…
Total Energold options Tarzan-Glen Auden claims
Vancouver-based Total Energold (TSE) has increased its interest in the Casa Berardi gold belt by optioning a parcel of claims from junior companies Glen Auden Resources (TSE) and Tarzan Gold (ASE). A …
Cameco project closely watched
Aur Resources’s big base metals find in Quebec is not the only project being watched by investors. In Saskatchewan, about 35 miles west of Flin Flon, Cameco, a government mining agency and Trimin Reso…