BREAKING NEW GROUND CARIBOU
The Australians who picked up the Caribou deposit two years ago for a song expect to be dancing about their good fortune by year-end. But the skeptical eyes of many a senior geologist in the industry …
News
Newmont to explore Miramar’s Paymaster properties
A gold-silver project in Nevada encompassing several former producers will be explored by Newmont Exploration under the terms of a recent agreement with Miramar Energy Corp. (VSE). The agreement gives…
Murdochville to resume production in 1989
Mining operations at the Murdochville copper mine will resume in the first quarter of 1989, Noranda Inc. (TSE) says. The mine, located at Murdochville, Que., was shutdown in April, 1987 after a fire d…
Hemlo puts $28 million into Central Crude play
Hemlo Gold Mines (TSE) is a firm believer in the Mishibishu gold camp west of Wawa, Ont. The big gold miner is taking down a 750,000- share private placement in Central Crude Ltd. (VSE) at a price of …
Whim Creek board resolves problems over offshore deals
Directors of Australia-based Whim Creek Consolidated and Toronto affiliates Northgate Exploration (TSE) and Westfield Minerals (TSE) appear to have resolved their recent differences. Patrick Hughes wh…
Sumac facing cash flow crunch
Faced with insufficient cash flow to meet current obligations, Sumac Ventures (VSE) recently presented its creditors with a proposal that would allow it to continue producing gold and silver for anoth…
Monte Carlo deal
Canarub NV, a wholly-owned affiliate of Monte Carlo Gold Mines (ASE) has completed a royalty agreement with the government of Aruba. If Canarub’s properties are ever placed in production, the company …
Monique Exploration
Monique Exploration (ME) reports it has pulled off the market its prospectus for flow-through financing worth $1,266,000. Monique, formerly Monicor Exploration, planned to use the funds for exploratio…
Scintrex opens service centre in China
In 1988, Scintrex completed negotiations with the People’s Republic of China which resulted in the opening, on Oct 14, of a service centre for Scintrex instrumentation, in co-operation with the China …
Claude to proceed at Seabee
Claude Resources (TSE) has decided to proceed to final mine feasibility on its Seabee gold project in northern Saskatchewan. The decision follows a review of prefeasibility studies completed by A.C.A….
Noranda to buy Norcen shares
Noranda Inc. (TSE) said it has filed with the Toronto Stock Exchange and the Montreal Exchange a notice of intention to make normal course purchases of up to 3,122,490 subordinate voting shares (10%) …
Metal Prices FREE MARKET (January 02, 1989)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 27 Dec 26 Dec 23 Dec 22 Dec 21 Copper N/A N/A 1…