Alberta Stock Exchange Borealis surges
Calgary-based Borealis Exploration continues to thwart the short sellers whom President Rodney Cox blamed earlier this year for a rapid drop in the company’s share price. Borealis posted a whopping $3…
1989
LAC makes zinc-gold discovery near its Toqui zinc mine in Chile
An estimate of reserves from a new polymetallic discovery made by LAC Minerals (TSE) on the company’s Toqui property in Chile is expected by this fall. “By late September, we’ll have some firm numbers…
RFC dewatering program starting at Pend Oreille
Preparatory work for a major dewatering program is under way at RFC Resource Finance Corp.’s (VSE) Pend Oreille zinc mine in Washington State. The company has an option to earn a 100% unencumbered int…
FINANCING (July 10, 1989)
Canmark Int’l Res — min 600,000 offered @ 40 cents per sh Liberty Gold Corp — min 400,000 offered @ 44 cents per sh Broadwater Devel — 650,000 sold for gross $260,000 Cannelle Expl — min 625,000 …
Letters to the Editor Juniors quick to accept rock mechanic
You editoria o Ma 1 (Roc mechanic researc shoul b pu to use), while accurate in extolling the merits of applying numerical modelling techniques to mine design, did a great disservice to the efforts of…
Uranerz Exploration to view Varna bets
Calgary-based Varna Gold (ASE) has signed an agreement with Uranerz Exploration and Mining of Saskatoon which could result in the development of one or more of Varna’s exploration properties. Under th…
Report studies mining’s use of chemicals
The mining industry will provide a healthy boost to chemical producers in 1990 as new ore processing methods are developed that require new chemical compounds, says chemistry industry consultants Hoch…
Copper conference
The Metals Week copper conference will be held Dec 11-12, 1989 in La Costa California. Entitled “Preparing for the Worst,” the conference will look past the current booming market for copper to examin…
Win-Eldrich needs $3.1 million for Nevada gold mine
Armed with a positive feasibility study for its Ashdown gold deposit in Nevada, Win-Eldrich Mines (TSE) is pondering ways to raise the $3.1 million(US) needed to begin production at the proposed open …
INSIDER TRADES (July 10, 1989)
Antelope Res. — D. Brynelsen bought 24,500 (May) @ 70 cents -85 cents to hold 539,700. Barron Hunter — J. Hargrave sold 277,000 (May, June) @ 4 cents -5 cents to hold 2,348,200. S. Hargrave sold 23…
Taywin exploring old mine for copper/gold
The Merry Widow open pit iron mine near Port McNeill, B.C., is being explored by Taywin Resources (VSE) for its potential to host copper/precious metal reserves. The former producer is part of an asse…
Ontario schools funded
Grants worth $500,000 to seven Ontario universities have been announced by the provincial Ministry of Northern Development and Mines. The money will fund projects studying ways to improve mineral expl…