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…
News
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.
Several nickel projects alive despite price decline
The base metal price boom of 1988 may be fading into history now, but the legacy of new nickel projects it left behind still endures. It was nearly a year ago this month, for example, when Hudson Bay …
Letters to the Editor Devon R&D centre not closing
In the editorial page of your edition of Oct 2, 1989, you allude to cuts in R&D in surface mining at one of the Canada Centre for Mineral and Energy Technology (CANMET) laboratories at Devon, Alta., t…
Amax, U.S. Gold OK $73-million(US) Hayden Hill project
Colorado-based companies Amax Gold and partner U.S. Gold have agreed to go ahead with a $73-million(US) development plan to bring their Hayden Hill gold project into production by 1992. Situated in La…
High grade ore shoot drilled by Biron Bay
Results just released by Biron Bay Resources (ASE) from the Summit gold project in New Mexico indicate that the property contains a high grade ore shoot within a gold- silver deposit delineated by ear…