Resource study centre appoints MacCulloch
Patrick MacCulloch has been appointed a distinguished visitor for 1989-90 at the Centre for Resource Studies (CRS) at Queen’s University in Kingston, Ont. Mr. MacCulloch, named “Man of the Year” by Th…
News
Onitap sale approved
Shareholders of Onitap Resources (TSE) have approved the sale of the company’s Goldboro gold property in Nova Scotia to Exploration Orex (ME). Orex has already made its first payment of $500,000 and i…
News in Brief (May 29, 1989)
Goldenbell Resources has amalgamated with ABM Gold Corp. under the latter name. Goldenbell shareholders will receive one class A common share of ABM for each three old shares held. ABM Gold is a U.S. …
Queen’s studies ways to guage productivity
Ontario metal miners will benefit from a research program at Queen’s University in Kingston that is studying new ways to measure mining productivity. Industry-wide results traditionally have been used…
NovaGold to sell projects
NovaGold Resources (TSE) has signed an agreement with Orex Explorations (ME) to sell its interest in the Goldenville and Cochrane Hill gold projects in Nova Scotia. Orex has the right to buy a 70% int…
Shipping concentrate to Sherritt Nickel mine opens in Timmins
Concentrates from the Redstone nickel mine — Ontario’s newest — are being shipped to Sherritt Gordon Ltd.’s (TSE) nickel refinery in Fort Saskatchewan, Alta. Situated near Timmins, Ont., the Redston…
Friedland undaunted by Wellgreen’s past failure
To say the Wellgreen polymetallic sulphide project in the Yukon has its skeptics is something of an understatement. A subsidiary of Hudson Bay Mining & Smelting is said to have lost about $20 million …
Toronto Stock Exchange Gold sector hammered by strong U.S. dollar
The metals sector took a double- barrelled blast from plummeting gold and copper prices. The gold and silver index lost another 37.77 pts to close at 5254.69 pts whereas metals and minerals managed a …
Tusk exercises option
Tusk Minerals (ASE) has exercised its option to earn an additional interest in a gold-copper property near La Ronge, Sask. The property includes the former producing Anglo-Rouyn mine which closed in 1…
Abitibi Metal Mines concludes placement
A private placement worth $735,000, involving 3,675,000 shares at 20 cents each, has been finalized, Abitibi Metal Mines (ME) reports. The funds will go towards exploration work carried out on the Jol…
Beauchamps expands holdings in B.C.
Beauchamps Exploration (VSE) has acquired five claims in the Stikine area of northwestern British Columbia. The company purchased the ground for $5,000 and 100,000 shares from treasury. The property i…
Dolphin launches Cape Ray program
A $4-million exploration program is set to begin this month on Dolphin Explorations’ (TSE) Cape Ray gold property in southwestern Newfoundland. About half of the program’s budget will be spent on surf…