FINANCING (July 03, 1989)
Pars Res — 575,000 offered @ 40 cents per sh VANCOUVER Precious Metals — 700,000 sold for gross $350,000 Donner Res — 500,000 sold for gross $175,000 Hixon Gold Res — gross proceeds rec $270,000 S…
1989
Halt trading order on Comaplex shares remains in effect
A cease trading order placed on the common shares of Comaplex Resources (TSE) will remain in effect for the time being, the Ontario Securities Commission has ruled. The cease trading order was issued …
Drifting increases Ronrico stockpile
Drifting on the second and third levels of the East Zone of Ronrico Exploration’s (VSE) Simkar gold project near Val d’Or, Que., have increased the company’s No 1 stockpile to 5,991 tonnes. Ore reserv…
Vancouver Stock Exchange Mishibishu gold claims sparkle
The discovery of a significant copper-zinc massive sulphide deposit near Val d’Or, Que., has provided a badly needed psychological boost to market activity here, even though the find directly involves…
American Reserve closes Paymaster deal with Placer
American Reserve Mining (VSE) has finalized its agreement with Placer Dome (TSE) involving the sale of a 60% interest in the Paymaster gold property at Timmins, Ont. American Reserve President Carl Zu…
Aur takes on U.S. sulphide deposit owned by Savanna
Shortly after announcing its Val d’Or, Que., massive sulphide find, Toronto-based Aur Resources (TSE) has agreed to get involved in another polymetallic project. Under an agreement with Savanna Resour…
Rock mechanics integral part of day-to-day mine operation
Management at the Campbell Red Lake mine in northwestern Ontario takes its rock mechanics seriously. “They form an integral part of our ground support system,” S.M. Reid, mine manager of the Placer Do…
Maintenance AVOIDING CRISES
“History-and-analysis” is the term used for the recording and analytical study of interesting past events in a given maintenance program. It is an essential part of any effective maintenance operation…
GASPE CONCENTRATOR
When the fatal fire in 1987 closed Wthe E Zone mine at Murdochville, Que., management at Noranda Minerals didn’t have a difficult choice to make as far as the smelter was concerned. The 70,000-tonne-p…
Specs HYDRAULIC BREAKERS
Boom-mounted impact rock-breakers mounted on mine carBriers are increasingly necessary in underground operations. These units break oversize rocks in stopes and at drawpoints in place of the time- con…
Gold Vessel placement
Gold Vessel Resources (ASE) reports completion of a private placement with 158474 Canada Inc., by which the numbered company has acquired more than 2.1 million A common shares of Gold Vessel at 18.75 …
Golden Knight reports Casa Berardi production
Gold output at Golden Knight Resources (TSE) 40%-owned Casa Berardi East project in northwestern Quebec averaged just under 4,400 oz per month for the first five months of 1989, Brian Keevil, presiden…