Ottawa eases regulations for CEIP grants
Bureaucratic concerns about detailed supporting documentation needed for applications made under the new CEIP (Canadian Exploration Incentive Program) have led to some streamlining of the regulations….
News
Toronto Stock Exchange Rebounding gold adds some life to majors
Signs of creeping inflation finally outweighed the negative effects of high interest rates on gold bullion. Today’s second London fix of $387.25 (US) per oz was up by more than $3. Despite the firming…
Stroud, Exador drilling extends Leckie zone
A drill program has extended a gold mineralized zone along strike and at depth, partners Stroud Resources (TSE) and Exador Resources (TSE) say. Work on their Leckie property north of Temagami, Ont., e…
Placer funding Lassie drilling
An exploration agreement has been entered into between Lassie Red Lake Gold Mines (COATS) and Placer Dome (TSE) whereby the latter will provide funds for an exploration program on Lassie’s Red Lake pr…
Sale of Whim Creek assets unaffected by suitor bid
Australia-based Whim Creek Consolidated NL may be playing hard to get with suitor Dominion Mining of Australia, but the sale of Whim Creek’s offshore assets to a Bermuda banking company has already be…
Shebandowan mine producing again
Solid strength in base metal prices has prompted Inco Ltd. (TSE) to quietly reopen its Shebandowan nickel-copper mine west of Thunder Bay, Ont. Last winter Inco let a contract for mining and milling a…
Vista Mines faces management change
A change in management will take place at Vista Mines (TSE) shortly. The company, along with its major shareholders, feels that full time professional management is required to properly direct Vista’s…
Umex studying Thierry deposit
Although Umex Inc. has been seriously looking at the feasibility of reopening its shutdown copper- nickel mine at Pickle Lake, Ont., the company says no production decision has yet been made. Frederic…
Normetal, La Sarre perform drilling
Results of a drilling program intended to test the continuity of mineralization in the proximity of stope 308 near the old Normetal mine workings, and to outline a small tonnage in the east surface pi…
FINANCING (April 17, 1989)
ONTARIO Grand Oakes Res — final rec iss offer 1,695,000 @ $1 per sh to net $950,895. VANCOUVER Champion Orient — 550,000 sold for gross $247,500. Kookaburra Gold Corp. — min 500,000 offered @ 45 ce…
Westmin/Nexus busy at Yellow Band
An underground sampling program at the Yellow property of Westmin Resources (TSE) and Nexus Resource Corp. (TSE) on Vancouver Island has generated some encouraging results. Westmin has been operator f…
COATS Trading Features (April 17, 1989)
The first week of trading in shares of McNickel Inc. saw that issue find a base of support at the $3.25 level, after reaching an earlier high of $4.50. McNickel is currently raising funds to explore a…