INSIDER TRADES (April 03, 1989)
Amer. Barrick — Horsham Sec. bought 1,170,300 (Feb.) @ $23.07-$23.50 to hold 14,366,396. Augdome — J. Archibald sold 10,000 @ 30 cents (Sept./88, amended) and 25,000 (Feb., private) @ 21-22 cents …
News
News in Brief (April 03, 1989)
Lakeshore Minerals (ASE) has acquired a 33-claim gold property in Maricopa Cty., Ariz. Consideration paid for the claims was 100,000 common shares of Lakeshore. The property is subject to a 10% net pr…
Wharf Res. drawing attention in Dickenson takeover bid
Focus of the on-going takeover contest for Dickenson Mines (TSE) and Kam-Kotia Mines (TSE) appears to have temporarily shifted to an associated company, Wharf Resources (TSE). Corona Corp. (TSE), whic…
Marshall, Caribou in custom milling talks
Negotiations involving Toronto- based Marshall Minerals (ASE) and East West Caribou Mining could make an open pit base metal producer out of the Restigouche polymetallic property in New Brunswick. If …
Aur to expand its influence in burgeoning Val d’Or camp
Toronto-based Aur Resources (TSE) is expanding its holdings in the Val d’Or, Que., area by entering into option agreements with four junior exploration companies controlled by prospector Jack Kentish….
McNickel created by amalgamation
The shareholders of Hanson Mineral Exploration (COATS) and Perch River Mines have approved the amalgamation of the two companies. The name of the amalgamated company has been changed to McNickel Inc. …
Abcourt reports lower tonnage
Tonnage extracted from the Abcourt-Barvue zinc-silver mine about 40 miles north of Val d’Or, Que., during the last six months of 1988 was down when compared with the same period a year earlier, Abcour…
Low uranium prices at fault Cameco closes Rabbit Lake
Record low uranium prices are taking their toll on the world’s largest uranium mining company. Cameco-A Canadian Mining and Energy Company is being forced to temporarily shut down its Rabbit Lake uran…
Granges increases stake in Trout Lake mine
With a major development program to increase reserves and facilitate exploration at depth nearing completion, Granges Exploration (TSE) has moved to increase its stake in the Trout Lake mine located n…
Cusac, Gulf secure custom milling contract
With a custom milling contract now in place, 50/50 partners Cusac Industries (TSE) and Gulf Titanium (VSE) say the processing of ore produced at the Cruse-Belmont mine near Helena, Mon. will begin in …
U.S. Gold adds up fifth year of profits
Denver-based U.S. Gold Corp. (NASDAQ) reported its fifth consecutive year of profits in 1988, despite an expected decline in revenues over comparable 1987 figures. For the year ended Dec 31, the compa…
September is target date at St Andrew’s Stock Twp.
It may be well into 1990 before St Andrew Goldfields’ (TSE) Stock Twp. project situated on the famous Porcupine-Destor Fault zone structure, near Timmins, Ont., approaches anything close to full speed…