Rio Algom completes Kerr-McGee purchase
Toronto-based Rio Algom (TSE) has completed a $28.5-million(US) acquisition of uranium properties owned by Kerr-McGee Corp. and all the issued and outstanding shares of Quivira Mining, a wholly- owned…
News
Nevada Goldfields, Minerex discussing rationalization (January 30, 1989)
Discussions have taken place between Nevada Goldfields Corp. (NASDAQ) and Minerex Resources (TSE) about a possible rationalization of their mining operations near Hawthorne, Nev. While emphasizing the…
T&H makes new gold discovery east of Casa Berardi
T&H Resources (TSE) has made a new gold discovery on property held by Northway Explorations (TSE) in Noyon Twp. east of the Casa Berardi area in northwestern Quebec. President John Pollack says a dril…
News in Brief (January 30, 1989)
Orex Resources (ORX:ASE) has changed its name to Carlin Gold Co. Inc. (CIO:ASE) on a share for share basis.
Engineering studies under way for Meridian Beartrack deposit
Drilling is expected to resume on Meridian Gold Company’s Beartrack deposit (N.M., Dec 12/88) in early spring, said Raymond Threlkeld, regional exploration manager. In the meantime, engineering studie…
Judgment reserved in Scintilore suit
Judgment was reserved recently by a Supreme Court of Ontario judge in a motion seeking to dismiss an ownership claim by Scintilore Explorations (TSE) to the David Bell gold mine at Hemlo in northern O…
Frederick A (Ted) Fell
Frederick A. (Ted) Fell, the original mine manager at Dickenson Mines’ gold mine at Red Lake, Ont., died in Toronto Jan 23. He was 82. Fell supervised the shaft sinking in 1946-47 at what is now calle…
PRODUCER PRICES Metal Prices (January 30, 1989)
ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…
Antelope/Bryndon Rossland properties
A drill indicated mineral inventory has been calculated for three separate zones of gold mineralization found on the Rossland project in southeastern British Columbia, a 50/50 joint venture involving …
COATS Trading Features (January 30, 1989)
Chance Mining was active again this week, trading 127,000 shares in the 59 cents -76 cents range. The company retains a 10% net profits interest in property owned by Falconbridge Ltd nearby the Timmi…
Teeshin stake in Redstone
Teeshin Resources (VSE) has signed a letter of intent with Timmins Nickel, a private company, giving it the right to buy 3.5% of Timmins’ interest in the Redstone nickel deposit. Located near Timmins,…
Bema Gold plans full scale production at Champagne mine
Assuming receipt of all necessary permits, the Champagne heap leach mine near Arco, Idaho, is officially scheduled to begin life as a year-round gold and silver producer in June, 1989. Bema Gold Corp….