Aurizon Mines aims for 24,000 oz in ’89
Quebec gold-silver producer Aurizon Mines (TSE) is projecting output of more than 24,000 oz for 1989. The Hughes-Lang company, created in 1988 through the amalgamation of Perron Gold Mines and D’Or Va…
News
Goldcorp facing legal battles in Dickenson/Kam-Kotia takeover
A takeover of associated companies Dickenson Mines (TSE) and Kam-Kotia Mines earlier this year has left Goldcorp Investments Ltd. of Toronto with a substantial loan payment and two lawsuits. Goldcorp,…
High River-Sikaman conclude agreement
An agreement has been concluded between High River Gold Mines (TSE) and Sikaman Gold Resources (TSE) which will transfer the former’s interest in the gold- bearing arsenical residues at the company’s …
Toronto Stock Exchange Aur, Louvem big gainers as discovery gains
The talk of the town continues to be Aur Resources’ copper find in Louvicourt Twp. near Val d’Or Que. As more information comes to light on this discovery, investors are recognizing the significance o…
IOCC GOLD OPTIONS (June 26, 1989)
Options Open eries Volume Last Interest Aug 370 C * 218 9.00 743 Aug 380 C * 325 4.60 1,854 Aug 390 C * 274 2.50 1,742 Aug 400 C * 981 1.40 2,769 Nov 360 C * 125 22.00…
Belmoral, Wrightbar plan amalgamation
A letter of intent has been entered into between Wrightbar Mines (ME) and Belmoral Mines (TSE) whereby Wrightbar will be amalgamated with a wholly-owned Belmoral subsidiary. Gold-producer Belmoral own…
Minefinders raises exploration funds
Recently completing a $400,000 flow-through financing with CMP 1989 Resources Partnership and Co. Ltd. was Minefinders Corp. (VSE). The company says it will be issuing shares to CMP at an average pric…
Campbell River to crown”King Miner” July 1
Campbell River, B.C., will be the site of a mining competition on Saturday, July 1, during that community’s salmon festival. The contest, sponsored by Westmin Resources, is open to experienced miners …
Dona Lake ….photo
Lyall Chapman, left, mine manager at the Dona Lake gold mine, played host to about 120 guests at the mine’s official opening recently. With him, from left, are Placer Dome Chairman Fraser Fell and Wal…
FINANCING (June 26, 1989)
Blake River Expls — final rec iss offer 1,140,000 @ $1.35 per sh to net $946,200. VANCOUVER Labyrinth Res — gross proceeds rec $192,500. Jordex Res — 500,000 sold for gross $250,000. Newgate Res –…
Degussa Canada bars gain new recognition
The Canadian subsidiary of giant metals company Degussa of Germany has been accorded “good delivery status” on the London market for its gold bars. Degussa Canada has announced its name has been added…
Brex drilling
Encouraging results have been reported by Brex Exploration (ME) from the Shoal Lake property 24 miles southwest of Kenora, Ont. Three holes were drilled. Hole 89-2 cut 9.7 ft of 0.24 oz gold per ton a…