1989

Computer analysis reveals new reserves at Cochenour

A $4.7-million underground and surface exploration program is expected to be completed within two months on the former producing Cochenour Willans gold mine property near Red Lake, Ont. Project partne…


Strike acquisition

Strike Minerals (COATS) has acquired 103 claims in Baden Twp., Ont. The claims are adjacent to a 28-claim block already owned by the company. An airborne geophysical survey has been completed.



Falling base metal prices may hinder Amax

Is Amax Inc. (NYSE) getting Falconbridge Ltd. (TSE) for a song or will the proposed $2.8-billion takeover handcuff Amax to a staggering debt for years to come? Much depends on the outlook for base met…



Ego option deal

Toronto-based Ego Resources (TSE) has optioned a 17-claim gold- silver property near Brislane Lake, N.W.T., from Initiative Explorations (COATS). The agreement gives Ego the right to earn a 100% undiv…


Asarco directors adopt rights plan

The board of directors of base- metals producer Asarco Inc. (NYSE) has adopted a shareholder rights plan in which preferred stock purchase rights will be declared as a dividend at the rate of one righ…



Manitou tailings could be profitable: study

Environmental regulations relating to containment of potentially hazardous material at Societe Miniere Louvem’s (TSE) Manitou tailings project, could prevent the company from starting production until…


Montreal Exchange (August 14, 1989)

Mining issues active Mining issues again fueled investment activity, with the mining and minerals index on the week jumping more than 154 pts during fairly heavy trading. Volume reached 11.9 million s…


Trader has reserves

Additional work has been recommended for Trader Resource Corp.’s (TSE) Ronnoco gold property near Timmins, Ont. Dean Rogers, geological consultant to Trader, concluded that an additional $500,000 prog…


Eastmaque takes on partner for American Girl mine

Although its Kirkland Lake tailings operation will remain wholly- owned, Eastmaque Gold Mines (TSE) has taken on a joint venture partner for its American Girl gold mine located in southeastern Califor…


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