News in Brief (November 06, 1989)
Rio Algom (TSE) has declared a semi-annual dividend of 52.5 cents , an increase of 10 cents , on its common shares, payable Dec 4 to shareholders of record Nov 10.
1989
Orient claims
Junior Ressources Orient (ME) has purchased 15 claims in Grevet Twp., near Matagami, Que., in return for 250,000 company shares. The claims lie about 2.5 miles southwest of the VSM/Serem Quebec polyme…
International exhibition
Arcus and the University of Lulea, Sweden, are inviting speakers and delegates to the first Swedish international exhibition on arctic airport and high technology in winter climate. The show and confe…
Crown Butte, Noranda compiling results on Montana property
Evaluating a mass of recent drill results from the New World gold- silver-copper property in Montana will be a welcome task for partners Crown Butte Resources (VSE) and Noranda Inc. (TSE) this winter….
Ego plans more drilling on N.W.T. lead-zinc property
Final results have been reported from a 12,000-ft drilling program on Ego Resources’ (TSE) lead-zinc- silver property, 15 km north of MacLeod Bay on Great Slave Lake, N.W.T. A phase-two drill program …
Belvieau
With its new Beliveau gold mine east of Val d’Or, Que., up and running, Cambior Inc. (TSE) can now turn its attention to bringing another of its numerous exploration plays into production. The Val d’O…
Corona’s quest
Corona Corp. is determined to retain its status as a low-cost gold producer and it is depending on exploration success to do it. It has been involved in projects from Newfoundland to British Columbia,…
IMM catalogue
The Institute of Mining and Metallurgy has released its new 1989/1990 publications catalogue, copies of which are now available free of charge to interested readers. The IMM is a professional associat…
Gold boom
During the gold boom which reached its peak in August, 1987, few juniors had the foresight to begin scouring the landscape for promising base metals properties. Copper was dead and not a soul in his r…
Inco, Noranda officers cash in shareholdings
A group of four executives at Inco Ltd. (TSE) and Noranda Inc. (TSE) made substantial amounts recently by unloading some of their holdings in the Toronto-based resource companies. According to the Ont…
Law firms merge
Two Canadian law firms which specialize in natural resources and other areas — Toronto-based Smith, Lyons, Torrance, Stevenson & Mayer and Vancouver-based Angus, McClellan, Rubenstein & Haslam — mer…
Stewart-Sulphurets
There’s probably no other camp in Canada that can boast such a variety of projects at various stages of advanced exploration and development as this area in northwestern British Columbia. It has almos…