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…
1989
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…
Stratmin uncovers gold showing
Drilling has outlined a lengthy gold mineralized area along a portion of the northwesterly trending Montpas shear on the Cossette property in Duverny Twp. in northwestern Quebec, Stratmin Inc. (ME) re…
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…
High Frontier drilling
High Frontier Resources (VSE) has started an exploration program on the company’s Conglomerate Lake property 40 miles northwest of Geraldton, Ont. The 35-claim property covers several gold showings, t…
TSE Short Positions (April 17, 1989)
Semi-monthly report as of Mar. 31 showed 38,663,520 shares of 604 issues compared with 37,762,039 shares of 616 issues on Mar. 15. Larger individual positions included: Amer. Barrick 50,200; Augmitto …
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…