First brick for Aunore, Nova-Beaucage
The first gold brick from the Elder mine project in Quebec’s Rouyn-Noranda area was poured in early March, partners Aunore Resources (ME) and Nova Beaucage Mines (TSE) report. Plans by the companies c…
1989
Aurogin completes drilling program
Aurogin Resources has completed a drill program on properties under option from Morrison Minerals (COATS) in northeastern Ontario. Eight diamond drill holes were completed on seven of 12 magnetic anom…
Vancouver Stock Exchange Juniors languish awaiting gold rally
The external factors depressing equity markets across Canada remain very much in evidence and continue to keep wary investors on the sidelines. Gold in particular has yet to pull out its price slump, …
Sale of Whim Creek assets unaffected by suitor bid
Australia-based Whim Creek Consolidated NL may be playing hard to get with suitor Dominion Mining of Australia, but the sale of Whim Creek’s offshore assets to a Bermuda banking company has already be…
Shebandowan mine producing again
Solid strength in base metal prices has prompted Inco Ltd. (TSE) to quietly reopen its Shebandowan nickel-copper mine west of Thunder Bay, Ont. Last winter Inco let a contract for mining and milling a…
Vista Mines faces management change
A change in management will take place at Vista Mines (TSE) shortly. The company, along with its major shareholders, feels that full time professional management is required to properly direct Vista’s…
Nova-Cogesco funding
Nova-Cogesco Resources (TSE) issued 304,988 flow-through shares at 91 cents each to Somicom 1988 and Co., Limited Partnership as per its May, 1988, agreement, the company reports. Funds worth $277,539…
Umex studying Thierry deposit
Although Umex Inc. has been seriously looking at the feasibility of reopening its shutdown copper- nickel mine at Pickle Lake, Ont., the company says no production decision has yet been made. Frederic…
Normetal, La Sarre perform drilling
Results of a drilling program intended to test the continuity of mineralization in the proximity of stope 308 near the old Normetal mine workings, and to outline a small tonnage in the east surface pi…
Editorial The Yellow Brick Road?
Brunswick Mining & Smelting produces only fertilizer, lead, zinc, copper and silver. Right? Well, if current negotiations pan out and a new sintering process works, the company may well be selling a w…
FINANCING (April 17, 1989)
ONTARIO Grand Oakes Res — final rec iss offer 1,695,000 @ $1 per sh to net $950,895. VANCOUVER Champion Orient — 550,000 sold for gross $247,500. Kookaburra Gold Corp. — min 500,000 offered @ 45 ce…
Westmin/Nexus busy at Yellow Band
An underground sampling program at the Yellow property of Westmin Resources (TSE) and Nexus Resource Corp. (TSE) on Vancouver Island has generated some encouraging results. Westmin has been operator f…