Hislop gold project encourages Stroud
Deep drilling by partners Stroud Resources (TSE) and Chevron Minerals on the former Gunnar Gold Mines property in Hislop Twp., Ont., has led to a new geological reserve estimate for the Creek zone. St…
1989
Vancouver Stock Exchange Sorry year-end stats for ailing VSE
The VSE released results of its fiscal year ended March 31 which showed a deficiency of revenue over expense of $1.85 million before special items. Even though the Exchange held its position behind Ne…
The highs and lows of bringing on new gold mines (June 19, 1989)
I would like to share some of the lessons that I have learned in bringing on three new gold mines. Many of the observations that I am going to make may be pretty obvious to some of you. However since …
Moneta acquires land
Moneta Porcupine Mines (TSE) has acquired a 100% interest in 20 patented claims in Tisdale and Deloro twps., near Timmins, Ont. The claims, which were purchased for shares, are adjacent to claims held…
Cathedral Gold earnings reduced
A substantial drop in gold production at the 52%-owned Stirling mine in Nevada brought about reduced revenues and operating income for Cathedral Gold Corp. (TSE) during its 1989 first quarter. The com…
Others emulate mining’s vitality
From a speech by Jake Epp, minister of Energy Mines and Resources Canada, to the Mining Association of Canada I am well aware of the enormous contribution of the mining industry to the Canadian econom…
Amalgamation creates Cons. Abitibi Res.
Shareholders of three related companies in northwestern Quebec have approved the amalgamation of the companies into one, the new corporation to be known as Consolidated Abitibi Resources. Approval for…
INSIDER TRADES (June 19, 1989)
Audrey — Northgate Expl bought 500,000 (May, private) @ $3.75. to hold 3,300,500. Bachelor Lake — Que Sturgeon bought 30,00 (May) to hold 1,030,000. Battle Mountain — T Pate sold 24,875 (May) @ $13…
OSC to consider Comaplex issue at June hearing
The Ontario Securities Commission has scheduled a hearing for June 23, to consider whether shares of Comaplex Resources not held by a Swiss bank and two Liberian investment firms should be allowed to …
Fifth hole returns positive gold values, Armistice reports
A fifth hole drilled into the Kerr zone at the Virginiatown, Ont., property of Armistice Resources (ME) has returned interesting values, the company reports. Underground hole 22W900-4, between 3,200 f…
Coral shows potential of the U.S.
Canadian juniors generally have been more successful developing mines in the United States than they have in their own country. The main attraction, of course, is Nevada where heap leach technology ha…
Juniors shift attention to base metals as prices for precious
On the edge of the world’s largest anorthosite intrusion, 25 miles north of Lac St. Jean, Que., the rumble of diamond drill rigs echoes across the rolling terrain. Drill results from this summer’s wor…