Vedron plans debentures
A proposed $16-million debenture offering has been announced by Vedron Ltd. (TSE) which, if successful, would allow the company to bring its Fuller gold depos it to production. Near Timmins, Ont., th…
News
Sept 5 mine manager — Mackay
Managing a unique solution process for the recovery of potash from a big, deep-seated deposit, located 25 miles west of Regina, Sask., is the job of Colin S. Mackay, manager of operations for 0000,06…
Holmer has Bristol Twp. drill results
A recent deep drill hole on Holmer Gold Mines’ (ASE) Bristol Twp., property near Timmins, Ont., has yielded three significant intersections in a previously un explored area near the main zone deposit….
Spot prices at a glance (September 25, 1989)
Week’s Price (US) Change Gold* $360.75 +$ 1.95 Silver* $ 5.07 –$ 0.01 Platinum* $473.65 –$ 0.95 Nickel** $ 5.17 +$ 0.31 Lead** $ 0.34 +$ 0.02…
Canamax gives nod to sale of Midway
Vancouver-based Canamax Resources (TSE) has agreed to sell its 24.5% stake in the Midway zinc- silver project in British Columbia to Regional Resources (TSE) for $1 million. As reported (N.M., Aug 7/8…
TAX
A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this a nalysis, tax specialists Barry Dent and J…
Terex to earn 30% of Eskay property
Toronto-based Terex Resources (ASE) recently optioned two separate claim groups in the Eskay Creek region of British Columbia about seven miles south of the gold discovery of Calpine Resources (VSE) …
Bond sells Yuba operation, plans new mine in Uruguay
London-based Bond International Gold (TSE), also known as BIG, has become a little smaller. After recently selling a portion of its Australian mining interests near Kalgoorlie’s “Golden Mile” area, BI…
Vipond Mine, Schumacher, Ont. c. 1920
The headframe is typical of the next stage in the evolution of mine headframes: it is completely enclosed. Enclosed headframes are also called shafthouses. The shafthouse keeps out the frost and the …
Sept 20, 1989 (September 25, 1989)
Ontario’s Ministry of Northern Development and Mines has approved 101 grants totalling $6.27 million for programs completed under the Ontario Minera l Explorat ion Program (OMEP) between April and Jun…
NOTE: add to end of Crown Butte story:
Crown Butte recently said that it had elected not to proceed with the previously announced public financing. Instead it arranged a private placement in the am ount of $2,150,000 consisting of special …
Tundra in Kirkland
Tundra Gold Mines (VSE) is conducting exploration programs on its Kirkland Lake area properties in Ontario. On the Shamrock property, two miles no rth of the K irkland Lake main break, an important go…