Costs up by $14 million, but Lawyers producing
Although the final tally for realizing its goal proved to be some $14 million higher than expected, Cheni Gold Mines (TSE) says it has reached commercial production at its 100%- owned Lawyers mine in …
News
Chinese get close look at Canadian mining
Canada’s gold industry may not be all that old when compared with China’s, but it appears Canadians may be in a position to teach a mining trick or two to the Oriental nation. A small delegation of Ch…
Corona sues to halt bid by Goldcorp
A lawsuit has been launched by Corona Corp. (TSE) in the Supreme Court of Ontario dealing with the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). The legal a…
INSIDER TRADES (April 10, 1989)
Ansil — C. Harrop sold 7,800 (Feb.) @ $1.25 to hold 6,800. Eastmaque — H. Klingmann sold 5,000 (Feb.) @ $3.40-$3.45 to hold nil. Flint Rick — A. Donato bought 33,333 (Feb., private) @ 30 cents to h…
Atlantic, Jascan principals engage in control struggle
After months of manoeuvering, Jascan Resources (TSE) and Atlantic Goldfields (COATS) have finally shed their gloves and embarked on a major control battle. Jascan and Atlantic, both of Toronto, have i…
Missed Payment May Force Resolution at Dome Mountain
Holding a missed option payment by Total Energold (TSE) as a trump card, the prospectors and underlying vendors of the Dome Mountain project near Smithers, B.C., are forcing the key players to find a …
Northgate increases Geddes shareholding
Northgate Exploration (TSE) of Toronto recently purchased by way of private placement an additional 850,000 flow-through common shares of Geddes Resources (TSE) at $1.50 each. With 4,854,325 Geddes sh…
Bresea issues shares to ease debt problems
Calgary-based Bresea Resources (ASE) has managed to ease itself out of financial difficulty by issuing shares for debt. According to Bresea, a debt load of $100,000 will be paid off when it issues 205…
Letter to the Editor Heather was manager of Madsen Red Lake
I read with interest your obituary on Allison Heather in the Mar. 20, 1989, issue. However, there was one glaring inaccuracy which I would like to correct. Mr Heather was never manager of Madsen Red L…
Mono Gold completes drilling program
Vancouver-based Mono Gold Mines (VSE) says that a recently completed surface drill program on its Bannockburn project near Madoc, Ont., indicates that more underground exploration is required. Mono Go…
Oglebay Norton profitability buoyed by U.S. steel industry
With the United States steel industry operating at 90% of capacity, the fortunes of Oglebay Norton Company (NASDAQ) have improved dramatically. According to President Renold Thompson, iron ore pellet …
Chesbar, Murgold into test milling
Test milling of material from the Chester Twp. gold property of Chesbar Resources (TSE) and Murgold Resources (TSE) near Gogama, Ont., is under way. The companies — Chesbar has a 60% interest and Mur…