Placer Dome encouraged by Mexican Hat results
Drilling by Placer Dome Inc. (TSE) on the Mexican Hat project in Arizona is returning encouraging results. The property is held under option from Oneida Resources (VSE). Results from drilling include …
1989
Sikaman sells equity in Ghanaian gold project
Sikaman Gold Resources (TSE) has sold a 25% equity interest in the Bogosu gold project in Ghana to its joint venture partner, Billiton BV for $5.1 million. Billiton now holds 65.5% interest and Sikama…
Report calls for shaft on Fontana claims
A $5.86-million shaft sinking program is justified on the Fontana property near Amos, Que., says a report compiled for partners Bay Resources and Services (ASE) (37.5%), Stratmin Inc. (ME) (37.5%) and…
Editorial Mixed review for B.C. minerals tax
Amendments to the new Mineral Tax Act which were introduced to the Legislature in British Columbia, are being greeted with mixed feelings by the Mining Association of B.C. (MABC). To no one’s surprise…
Kennecott Corp. reborn after RTZ takeover
A new, but time-honored name has been resurrected for BP Minerals America following its takeover by the giant RTZ Corp. The company will now be known as Kennecott Corp. and operate as a wholly- owned …
Alberta refuses to lift Shabu cease trading order
Shares of Shabu Gold Mines (ASE) cannot resume trading on the Alberta Stock Exchange until officers of the company file a new prospectus, the Alberta Securities Commission has ruled. After a 3-day hea…
Plexus’ Rawhide project to produce in April ’90
Gold production at the Rawhide project north of Reno, Nev., will begin by next April now that a 2-year property ownership dispute has been settled. Plexus Resources Corp. (TSE), which holds a 24.01% i…
Editorial Northern spirit
Mining men and women have always had to face the vagaries of Mother Nature not only underground but on land as well. Imparted with a pioneering and adventuresome spirit, such people faced hardships in…
Gold Vessel to earn 49% of Manitou bet
Gold Vessel Resources (ASE) recently agreed to earn a 49% stake in Societe Miniere Louvem’s (TSE) former Manitou base metal mine in Bourlamaque Twp., east of Val d’Or, Que. From 1942 to 1979, before t…
Toronto Stock Exchange Indices (July 31, 1989)
1989 July 25July 24July 21July 20July 19HIGH LOW Composite “300” 3899.77 3893.83 3901.36 3886.15 3872.64 3901.36 3353.13 Metals & Minerals 3316.10 3295.39 3327.60 3309.61 3308.75 3564.92 32…
Alberta Stock Exchange New Texmont rises
Results from the Tully Twp. gold property near Timmins, Ont., drove up the prices of at least three of the Alberta companies who are participating in the project. However, even though project operator…
Malartic gains Val d’Or gold property from Audet
Malartic Hygrade (VSE) has acquired from the Audet family, a 20-claim property in Bourlamaque Twp. Que., two miles east of the Sigma and Lamaque mines in Val d’Or. The claims are within 10 miles of th…