Queries Loss of Inspiration
I have an old stock certificate for 100 shares of Inspiration Ltd., dated Jan 6, 1969. What is the current status of this company and does the stock certificate have any value? L.B. Bathurst, N.B. U…
1989
Redstone Resources completes offering
Toronto-based Redstone Resources (TSE) says it has successfully raised $800,000 through a rights offering. Net proceeds will be invested in mining ventures and related fields, according to President D…
New mill boosts FirstMiss earnings
Now that it has a new mill up and running at its Getchell gold mine project in northern Nevada, FirstMiss Gold Inc. (NASDAQ) is reporting a significant increase in its net earnings and operating profi…
Montreal Exchange Eastmain go-ahead
Mixed trading marked the week in Montreal, where the general market portfolio index jumped more than 30 pts and the mining and minerals index dropped almost 20 pts. Daily volumes ranged between 4.3 mi…
Royal Gold enters California venture
Denver-based Royal Gold (NASDAQ) has entered into a joint venture agreement with Standard Industrial Minerals of Sparks, Nev., for development of Standard’s Long Valley gold property in California. Th…
Varna, Gingrich Exp. complete Tilt deal
Calgary-based Varna Gold (ASE) and Gingrich Exploration have signed an agreement allowing Varna to earn a 100% stake in the Tilt Cove gold property in return for expenditures of $250,000. The property…
Former president of USMX named in Nevada lawsuit
Gold producer USMX Inc. is taking its former president to court over certain mining claims in Pershing Cty., Nev. USMX has filed a suit in Nevada alleging a breach of fiduciary duty by Gary Grauberger…
Books Geochemistry
A new book entitled Geochemical Detection of Volcanogenic Massive Sulphides in Humid-Temperate Terrain was published recently by J. S. Cummings. The text reflects more than 30 years experience in mine…
Cassiar looks to exceptional year
With copper and asbestos prices at their highest levels in years, 1989 could well be another exceptional year for Cassiar Mining (TSE). Indeed, first-quarter earnings of $7.4 million or 40 cents per s…
Sphinx drilling
Reporting encouraging drilling results from a 164-hole program representing almost 21,000 ft at the Duvay gold property in northwestern Quebec is Sphinx Mining (ME). A heap leach bulk test is being un…
News in Brief (May 08, 1989)
Hillside Energy Corp. has changed its name to Charter Minerals Inc. (CMN:VSE) on a 1-new- for-2.5-old share basis. Transfer agent is Montreal Trust Company.
Onweida’s Mexican Hat bet optioned by Placer Dome
The American subsidiary of Placer Dome Inc. (TSE) has acquired an option on Oneida Resources (VSE) Mexican Hat gold property in Arizona. Placer has the right to earn a 60% interest by buying 400,000 O…