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 …
1989
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…
Managing Canada’s Mines …..First in a series Making a mine of
Although he started out as a mine geologist, operating soon intrigued Ebe Scherkus 0000,0600 who now manages the big new Donald J. Laronde gold mine of Dumagami Mines at Cadillac, Que. “I’ve been fo…
Inco team wins award
A team of scientists from Inco Ltd. who developed an innovative process to destroy cyanide in industrial effluents has been awarded an industrial technical achievement award. The 7-member team from In…
Golden Shield shuts Kerr mine (July 10, 1989)
The Kerr mine in Virginiatown, Ont., has been closed and the owner, Golden Shield Resources (TSE), has filed for bankruptcy. The company, which purchased the Kerr Addison mine in 1987 for $38 million,…