Dona Lake ….photo
Lyall Chapman, left, mine manager at the Dona Lake gold mine, played host to about 120 guests at the mine’s official opening recently. With him, from left, are Placer Dome Chairman Fraser Fell and Wal…
News
FINANCING (June 26, 1989)
Blake River Expls — final rec iss offer 1,140,000 @ $1.35 per sh to net $946,200. VANCOUVER Labyrinth Res — gross proceeds rec $192,500. Jordex Res — 500,000 sold for gross $250,000. Newgate Res –…
Degussa Canada bars gain new recognition
The Canadian subsidiary of giant metals company Degussa of Germany has been accorded “good delivery status” on the London market for its gold bars. Degussa Canada has announced its name has been added…
Brex drilling
Encouraging results have been reported by Brex Exploration (ME) from the Shoal Lake property 24 miles southwest of Kenora, Ont. Three holes were drilled. Hole 89-2 cut 9.7 ft of 0.24 oz gold per ton a…
New environmental controls for CCR
Two new facilities were opened officially at the CCR refinery of Noranda Minerals in the east end of Montreal recently. The copper refinery, founded in 1931 and undergoing a modernization program, has…
Citadel Gold stakes base metal anomaly near Rimouski, Que.
A release by the Geological Survey of Canada (GSC) of results from a heavy mineral geochemical survey near Rimouski, Que., has generated a small-scale staking rush with Citadel Gold Mines (TSE) emergi…
Vancouver Stock Exchange Rumors fuel Continental Gold surge
A slightly stronger gold price and a slightly weaker dollar encouraged some investors to peek out of the trenches at press time, but most brokers still maintain it will take a sustained gold price ove…
Goldpost to mine high grade ore
Actively exploring a couple of prospects east of Timmins, Ont., Goldpost Resources (TSE) reports it plans to mine about 10,000 tons of high grade ore from the Gibson West zone lying above the 250-ft l…
Editorial Don’t write off ’89 yet
Watch out — 1989 may not be quite the dismal year for mineral exploration many have been predicting. With gold prices in the dumper, investors shy of mining stocks since the ’87 market crash and fl…
Gold producers reap rewards of industrial mineral sales
Not placing all your eggs in one basket is advice more than a few mining companies, in particular those known best for their gold production, seem to have heeded. Subsidiaries of two of Canada’s large…
Blue Emerald options Lac St. Jean properties
A group of exploration properties totalling some 377 claims in the Lac St. Jean area of Quebec has been optioned by Vancouver-listed Blue Emerald Resources. Subject to regulatory approval, Blue Emeral…
Montreal Exchange Deposit stirs investors
Interest by investors in a massive sulphide find at Val d’Or, Que., continued throughout the week, with shares of both the principal players, Aur Resources and Societe Miniere Louvem (and Louvem’s maj…