France unveils Olympic coins
The first gold and silver coins of the French Olympic Coin program were recently unveiled in Toronto. Sales of the coins will help fund the 1992 Winter Olympic Games set for Albertville, France. The O…
News
Corona, Platinova drill 9 holes at Greenland bet
A drilling program this year at a gold-platinum prospect in East Greenland confirmed the continuity and integrity of a layer of precious metals mineralization over an area of several square kilometres…
Placer increases Omai gold reserves
Work by Placer Dome (TSE) has increased reserves at the Omai gold project by 30%, joint venture partner Golden Star Resources (TSE) says. Situated in Guyana, South America, the Omai deposit hosts rese…
Barrack funds Cinola to production
Stalled by financial problems of the City group of companies and by threats of environmental opposition, the Cinola gold project in the Queen Charlotte Islands of British Columbia is about to resurfac…
Teck builder Norman Keevil dies at age 78
With the passing of Dr Norman Bell Keevil, O.C., on Oct 9, 1989, the Canadian mining industry and business community lost a distinguished and dynamic leader. Best known for building Teck Corp. into o…
United Gunn shares profits from copper mining projects
A 30% interest in the Cuisson Lake Mines copper project in British Columbia has paid off nicely for United Gunn Resources (VSE) which has been chalking up healthy dividend payments over the past few y…
Mt. Milligan focus of lawsuit betweeen PB and Continental
The Mt. Milligan bulk tonnage gold-copper project near Fort St. James, B.C., has become the focus of a legal dispute between joint venture partners, Continental Gold (VSE) and BP Resources Canada. BP …
American Reserve raises fuinds for Paymaster work
Vancouver-based American Reserve Mining (VSE) has entered into a financing agreement with CMP 1989 II Resource Partnership for the sale of flow-through shares worth $1.4 million. The share purchase pr…
Placer almost done draining Paymaster
A mine dewatering program is nearly 80% complete on the Paymaster property which is being explored by 60/40 joint venture partners Placer Dome (TSE) and American Reserve Mining (VSE). The property, wh…
FINANCING (October 16, 1989)
ONTARIO Cochise Res — final reciss offer 1,800,000 @ $2.25 per sh to net $2,449,800. VANCOUVER Braemount Res — gross proceeds rec $500,000 Canadian Patricia Expl — gross proceeds rec $360,000 Grac…
Nevada Goldfields reports net loss
For the fiscal year ended June 30, Nevada Goldfields (TSE) reports a net loss of $15 million, compared with a net income of $2.8 million a year earlier. The loss includes a combined writedown of $8.2 …
News in Brief (October 16, 1989)
Azora Minerals has changed its name to International Azora Minerals Inc. (IAZ:VSE) on a 1-new-for- 4-old share basis. Transfer agent is Montreal Trust Company.