Van Ollie reports Wawa assay results
Preliminary assay results have been reported by Van Ollie Explorations (COATS) from recent surface work on the company’s McMurray Twp. gold property near Wawa, Ont. Van Ollie recently completed a prog…
1989
Editorial Welshing on a bet
It seems pretty straightforward. If you buy shares and the price goes up, you make money. If the price goes down, you lose. When the stocks being sold are offered by the company through a prospectus…
Eastmaque gold output passes 10,000 oz in latest quarter
Eastmaque Gold Mines (TSE) has had its best fiscal quarter ever with respect to gold production. During the company’s first quarter, operations in Ontario and Nevada produced a total of 10,604 oz of g…
Coxheath ponders alternatives for Tangier
It has been an expensive lesson, both for the 120 local people who were laid off in Nova Scotia last spring and for Coxheath Gold Holdings (TSE) which now owes several creditors who lease equipment to…
IMPM conference papers in new book
Some 50 papers presented at the 13th annual International Precious Metals Institute conference have been compiled into a book, now available from the institute. It is edited by Dr Bryn Harris of the N…
Editorial Ontario’s Mining Act
For the past 14 years Ontario has fiddled with its 83-year-old Mining Act, trying to bring it in line with current industry practices yet allowing it the flexibility to deal with concerns that are lik…
Ontario government tables proposed Mining Act update
Long-awaited amendments to Ontario’s antiquated Mining Act were tabled in the provincial legislature this week by Mines Minister Hugh O’Neil. The bill to amend Ontario’s 83-year-old Mining Act follows…
Shaft changeover helps to reduce Brunswick earnings
The changeover to a deepened shaft and a maintenance shutdown are among the reasons given by Brunswick Mining and Smelting (TSE) for reduced third-quarter net earnings. The Noranda affiliate recorded …
Claude busy at Seabee gold bet
An underground exploration program, which began earlier this month at Claude Resources’ (TSE) Seabee project in northern Saskatchewan, is scheduled to reach completion by year-end, the company reports…
Canarim agrees to buy unsold Prime units
The Vancouver Stock Exchange received confirmation that Canarim Investment will subscribe for and take down one million units of Prime Resources (VSE) that had been the subject of a recently disclosed…
News in Brief (October 30, 1989)
A NIM and Company limited partnership has committed for the flow-through private placement of $300,000 at 30 cents per share to Teeshin Resources (VSE). Funds will be used on the Dome Mountain projec…
St. Genevieve buys shares in Vauquelin
A private placement has been arranged between St. Genevieve Resources (TSE) and Mines Vauquelin (ME) whereby the former will invest $200,900 in the latter in return for slightly more than one million …