1989


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…


Jonpol and T & H in share exchange

Associated juniors Jonpol Explorations (TSE) and T & H Resources (TSE) have agreed in principal to exchange 1.5 million common shares, the companies report. The exchange is subject to shareholder appr…


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…


PDAC responds to proposed Ontario Mining Act changes

Proving significant deposits exist should not be required to retain title on a mining claim says the Prospectors and Developers Association of Canada. “Work proves mines,” says the association in its …


Placer, Currie Rose make gold discovery

A new gold discovery has been made by Placer Dome Inc. (TSE) and Currie Rose Resources (VSE) on their 10,000-acre property near Laonil Lake, northeast of La Ronge, Sask. The discovery was made after P…


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