Corona takeover offers extended two weeks
A 2-week extension has been announced by Corona Corp. (TSE) on its takeover offers for Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). The original deadline for shareholders to respond was March 7. C…
News
Funds expand exploration program for Int’l platinum
International Platinum Corp., (TSE) has completed a $900,000- private placement of common shares with a group of Swiss, Belgian and English investors. In addition, the company has acquired $533,000 th…
OMA elects new chairman
Andrew Rickaby, vice-president, of mining for Denison Mines, has been elected chairman by the board of directors of the Ontario Mining Association (OMA) for 1989/90. His election was announced by Patr…
Oneida Res. options Arizona gold claims
An Arizona precious metals property has been acquired recently by Oneida Resources (VSE). .T The property, known as the Mexican Hat project, is located in Cochise Cty., Ariz., about 80 miles southe…
CIM-NB gives grant to school
Officers of the New Brunswick Branch of CIM met recently with students and teachers at Fredericton High School to present a grant to the school’s geological studies program. Seen here, John Stirling, …
Metal Prices FUTURES PRICES (March 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar153.50 150.00 150.10 + 13.40 May145.60 142.30 144.00 + 12.80 Jul138.30 135.30 137…
Greater Lenora
Donald T. Rankin, secretary of Greater Lenora (TSE) announces the company has requested that the Vancouver Stock Exchange delist their common shares. The common shares will continue to be listed and p…
Dofasco’s Ontario mines set to close next year
Hamilton-based steelmaker Dofasco Inc. (TSE) recently announced plans to discontinue operations at its two northern Ontario iron mines. The Adams Mine at Kirkland Lake and the Sherman Mine at Temagami…
Audrey confirms rise in Mobrun reserves
As expected, Audrey Resources (TSE) has received a welcome boost at the Mobrun polymetallic mine where production is on hold because of a mill construction program. Based on a study by Kilborn and Ass…
Bitech Res. bids to expand Newfoundland land position
Bitech Energy Resources (ASE) is attempting to expand its land position at Newfoundland’s Betts Cove area where the company is working on a promising gold discovery. Toronto-based Bitech is offering t…
Homestake production climbs
A 15% increase in gold production was achieved by Homestake Mining (NYSE) during 1988. Total output climbed to 781,458 oz which Homestake emphasized “more than offset a $10 per ounce decline in the av…
NovaGold drills copper below planned gold pit
A 15-hole drilling program has started on the Murray Brook property, west of Bathurst, N.B. The target is base metals, not gold. Project operator NovaGold Resources (TSE) is drilling the holes to prov…