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…
1989
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 …
Atlanta management slate re-elected
Despite a hostile take-over attempt by a coalition of its two largest shareholders, Atlanta Gold Corp. (TSE) has retained its long-standing management team headed by President Olaf Tolpinrud. Results …
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…
News in Brief (June 19, 1989)
The date for the separation of the seven million units issued last month by LAC Minerals (TSE) consisting of one common share and one-half warrant — 1989 series, will be June 19, the company reports….
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…
Jonpol,T & H sinking shaft in Garrison Twp
A $2-million underground exploration program has started on a Garrison Twp., Ont., gold property owned by associated juniors Jonpol Explorations (TSE) and T & H Resources (TSE). John Pollock, presiden…
Pioneer reports first-quarter loss
First-quarter financial results for Pioneer Metals Corp. (TSE) show a net loss of $330,000 or 2 cents a share compared with a loss of $46,000 for the period ended Mar 31, 1988. The company is expecti…
Mining Congress calls for deepsea research
The American Mining Congress (AMC) has called for the reauthorization of the Deep Seabed Hard Mineral Resources Act for a further three years at an annual funding level of $1.5 million(US). The AMC to…