Judgment reserved in Scintilore suit
Judgment was reserved recently by a Supreme Court of Ontario judge in a motion seeking to dismiss an ownership claim by Scintilore Explorations (TSE) to the David Bell gold mine at Hemlo in northern O…
1989
Frederick A (Ted) Fell
Frederick A. (Ted) Fell, the original mine manager at Dickenson Mines’ gold mine at Red Lake, Ont., died in Toronto Jan 23. He was 82. Fell supervised the shaft sinking in 1946-47 at what is now calle…
PRODUCER PRICES Metal Prices (January 30, 1989)
ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…
Hemlo Lawsuit hasn’t hindered Corona’s growth
When a major mining company states emphatically its objective is to be a low-cost precious metals producer, it makes sense any new exploration projects it becomes involved in will follow along the sam…
Noranda earmarks $200 million for ’89 exploration
Higher metals prices have had a major impact on the balance sheet of Noranda Minerals. To maintain its position, the mining arm of Noranda Inc. (TSE) knows it must make a commitment to searching out n…
Letter to the Editor Environmentalist groups want more government
The group called Forest for Tomorrow is asking the government for many more hundreds of thousands of dollars. This group, headed by Toronto people has already received $134,000 of the $300,000 handed …
Antelope/Bryndon Rossland properties
A drill indicated mineral inventory has been calculated for three separate zones of gold mineralization found on the Rossland project in southeastern British Columbia, a 50/50 joint venture involving …
Editorial Urban headframes
It has been said that there are lies, damned lies and statistics. A whimsical analysis undertaken by geologist Mary-Claire Ward falls directly under the third category. Ward made a study of 61 gold …
Nova-Cogesco funds
Recently completing a private placement worth $750,000 and involving three individual investors was Nova-Cogesco Resources (TSE). The company reports it issued 155,175 treasury shares at $1.45 each an…
Lac looks beyond Canada’s boundaries for gold
If you become as successful as LAC Minerals (TSE) in developing gold properties in Canada, it seems only natural to try to apply your expertise to projects in other parts of the world. LAC, which prod…
Alberta Stock Exchange Pezim moves in
The appearance of Murray Pezim’s International Viking Resources on the Alberta Stock Exchange seemed to have shaken the market out of is recent lethargy. During Viking’s first week of trading, volumes…
COATS Trading Features (January 30, 1989)
Chance Mining was active again this week, trading 127,000 shares in the 59 cents -76 cents range. The company retains a 10% net profits interest in property owned by Falconbridge Ltd nearby the Timmi…