Placer Dome’s Dona Lake close to full production
Placer Dome’s (TSE) Dona Lake gold mine near Pickle Lake, Ont., is nearing full production capacity with an official opening scheduled for early this summer. Three gold bars have been poured at the …
News
Lawyers operating despite strike
A number of unionized workers employed at the Lawyers gold-silver mine in the Toodoggone region of northwestern British Columbia have walked off the job. Despite the legal strike, Paul Girard, preside…
INSIDER TRADES (April 17, 1989)
Atlantis — M. Hogarth bought 700,000 (Dec., private) @ $1.10 to hold 870,000. Black Cliff — N. Kacira bought 248,416 (Mar., private) @27 cents , exercised 391,433 rights @ 36 cents -48 cents , sold …
Gunsteel, Nu-Dawn work out innovative milling deal
Raising money to bring a small gold mine into production is no easy task for junior mining companies these days, which may account for the innovative arrangement worked out by Gunsteel Resources (VSE)…
News in Brief (April 17, 1989)
Cambria Resources has changed its name to On Wah Investments Corp. (ONW:VSE) on a share for share basis.
Spot prices at a glance (April 17, 1989)
Price Week’s ($US) Change($) Gold* 384.15 –0.25 Silver* 5.82 + 0.02 Platinum* 527.50 + 2.75 Nickel** 6.58 — 0.44 Lead** …
High Frontier drilling
High Frontier Resources (VSE) has started an exploration program on the company’s Conglomerate Lake property 40 miles northwest of Geraldton, Ont. The 35-claim property covers several gold showings, t…
TSE Short Positions (April 17, 1989)
Semi-monthly report as of Mar. 31 showed 38,663,520 shares of 604 issues compared with 37,762,039 shares of 616 issues on Mar. 15. Larger individual positions included: Amer. Barrick 50,200; Augmitto …
Cathedral drill program discovers more reserves
A surface drill program at Cathedral Gold Corp.’s (TSE) Sterling mine property in Nevada has increased geological reserves by 49% to 469,000 tons grading 0.21 oz gold. The mine produced 8,500 oz last …
Encouraging results from Eskay Creek
Some more encouraging assay results have been returned from the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) north of Stewart, B.C. The holes are part of a 45,0…
Fertilizer feasibility
The Ontario government will explore the feasibility of building a fertilizer plant in northern Ontario which would exploit the region’s phosphate deposits. The study will address a wide range of facto…
Stratmin uncovers gold showing
Drilling has outlined a lengthy gold mineralized area along a portion of the northwesterly trending Montpas shear on the Cossette property in Duverny Twp. in northwestern Quebec, Stratmin Inc. (ME) re…