INSIDER TRADES (April 03, 1989)
Amer. Barrick — Horsham Sec. bought 1,170,300 (Feb.) @ $23.07-$23.50 to hold 14,366,396. Augdome — J. Archibald sold 10,000 @ 30 cents (Sept./88, amended) and 25,000 (Feb., private) @ 21-22 cents …
1989
News in Brief (April 03, 1989)
Lakeshore Minerals (ASE) has acquired a 33-claim gold property in Maricopa Cty., Ariz. Consideration paid for the claims was 100,000 common shares of Lakeshore. The property is subject to a 10% net pr…
KING OF ZINC
As base metals mines go, the No. 12 mine in Bathurst, N.B., is No. 1 in more ways than one. No mine in the world can top it in terms of zinc-in-concentrate produced each year (about 238,000 tonnes). A…
People (April 03, 1989)
PIERCE MOUNTAIN RESOURCES — G. Krueckl has resigned from the board of directors.
Granges increases stake in Trout Lake mine
With a major development program to increase reserves and facilitate exploration at depth nearing completion, Granges Exploration (TSE) has moved to increase its stake in the Trout Lake mine located n…
Cusac, Gulf secure custom milling contract
With a custom milling contract now in place, 50/50 partners Cusac Industries (TSE) and Gulf Titanium (VSE) say the processing of ore produced at the Cruse-Belmont mine near Helena, Mon. will begin in …
Metal Prices PRODUCER PRICES (April 03, 1989)
ALUMINUM: MW U.S. Market US90-94 cents per lb. (Mar 22, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). CADMIUM…
McFinley extends date for rights offering
The expiry date for McFinley Red Lake Mines’ (TSE) current rights offering to shareholders has been extended to April 6 because of delays in distribution of the rights offering documents to United Kin…
Wharf Res. drawing attention in Dickenson takeover bid
Focus of the on-going takeover contest for Dickenson Mines (TSE) and Kam-Kotia Mines (TSE) appears to have temporarily shifted to an associated company, Wharf Resources (TSE). Corona Corp. (TSE), whic…
September is target date at St Andrew’s Stock Twp.
It may be well into 1990 before St Andrew Goldfields’ (TSE) Stock Twp. project situated on the famous Porcupine-Destor Fault zone structure, near Timmins, Ont., approaches anything close to full speed…
Marshall, Caribou in custom milling talks
Negotiations involving Toronto- based Marshall Minerals (ASE) and East West Caribou Mining could make an open pit base metal producer out of the Restigouche polymetallic property in New Brunswick. If …
Stratabound property yields metal results
With three mills in the immediate vicinity and a winter drilling program now complete, Stratabound Minerals’ (ASE) CNE massive sulphide property near Bathurst, N.B., is beginning to look promising. St…