Lease of Yukon mill terminated
Partners Omni Resources (VSE) and Skukum Gold (VSE) have terminated an agreement to lease the Mount Skukum mill owned by Total Energold (TSE) and AGIP Resources. Skukum and Omni had intended to use th…
News
Hughes-Lang Group plans reorganization
A proposal to restructure and reduce the number of companies within the Hughes- Lang Group has been approved by directors and will be presented for shareholder approval at meetings scheduled for June….
Umex studying Thierry deposit
Although Umex Inc. has been seriously looking at the feasibility of reopening its shutdown copper- nickel mine at Pickle Lake, Ont., the company says no production decision has yet been made. Frederic…
Placer Dome’s Dona Lake close to full production
Placer Dome’s (TSE) Dona Lake gold mine near Pickle Lake, Ont., is nearing full production capacity with an official opening scheduled for early this summer. Three gold bars have been poured at the …
Books in review
A book tracing the history of the Quebec mineral industry from its beginnings to the present, titled Des mines et des hommes, was recently published. “It’s the first time such a complete and detailed …
Stratmin uncovers gold showing
Drilling has outlined a lengthy gold mineralized area along a portion of the northwesterly trending Montpas shear on the Cossette property in Duverny Twp. in northwestern Quebec, Stratmin Inc. (ME) re…
Jonpol and T & H in share exchange
Associated juniors Jonpol Explorations (TSE) and T & H Resources (TSE) have agreed in principal to exchange 1.5 million common shares, the companies report. The exchange is subject to shareholder appr…
Normetal, La Sarre perform drilling
Results of a drilling program intended to test the continuity of mineralization in the proximity of stope 308 near the old Normetal mine workings, and to outline a small tonnage in the east surface pi…
Editorial The Yellow Brick Road?
Brunswick Mining & Smelting produces only fertilizer, lead, zinc, copper and silver. Right? Well, if current negotiations pan out and a new sintering process works, the company may well be selling a w…
FINANCING (April 17, 1989)
ONTARIO Grand Oakes Res — final rec iss offer 1,695,000 @ $1 per sh to net $950,895. VANCOUVER Champion Orient — 550,000 sold for gross $247,500. Kookaburra Gold Corp. — min 500,000 offered @ 45 ce…
High Frontier drilling
High Frontier Resources (VSE) has started an exploration program on the company’s Conglomerate Lake property 40 miles northwest of Geraldton, Ont. The 35-claim property covers several gold showings, t…
TSE Short Positions (April 17, 1989)
Semi-monthly report as of Mar. 31 showed 38,663,520 shares of 604 issues compared with 37,762,039 shares of 616 issues on Mar. 15. Larger individual positions included: Amer. Barrick 50,200; Augmitto …