Vipond Mine, Schumacher, Ont. c. 1920
The headframe is typical of the next stage in the evolution of mine headframes: it is completely enclosed. Enclosed headframes are also called shafthouses. The shafthouse keeps out the frost and the …
1989
Canamax gives nod to sale of Midway
Vancouver-based Canamax Resources (TSE) has agreed to sell its 24.5% stake in the Midway zinc- silver project in British Columbia to Regional Resources (TSE) for $1 million. As reported (N.M., Aug 7/8…
Blue Emerald, Central Crude in option deal
A 60-claim property in the Mishibishu Lake area of northern Ontario is to be optioned by Blue Emerald Resources (VSE) from Central Crude (TSE). The two companies have agreed in principle to a deal whi…
FINANCING (September 25, 1989)
Aramis Ventures — 500,000 sold for gross $225,000 Golden Pick Res — 250,000 com & 250,000 flow-through offered @ 50 cents per sh Mad River Res — 670,000 offered @ 33 cents per sh Southern Cross G…
INDICES:TO
Toronto Stock Exchange Indices 1989 Sept 19 Sept 18 Sept 15 Sept 14 Sept 13 HIGH LOW Composite “300” 3900.953899.323896. 323891.163917.014019.623353.13 Metals & Minerals 3660.333698.8…
Discovery boosts Crown Butte
Widespread speculation that a significant gold skarn deposit is shaping up on the New World project in Park Cty., Mont., has dramatical ly boosted the share price of owner/operator, Crown Butte Resour…
New Cambior mine honors former Sullivan chairman
The newest producing gold property of Cambior Inc. (TSE) has been officially opened and given a new name: the Lucien C. Beliveau mine. Situated 15 miles east of here just off the main highway, the mi…
Troymin at Hanson Lake
Troymin Resources (ASE) and Granges Inc. (TSE) are considering exploration plans for their 11,000- acre property near Hanson Lake, Sask. The prope rty hosts tw o small sulphide lenses known as the Bal…
Eastmain Sept 15
The depressed environment for raising exploration funds for junior companies is being blamed by Eastmain Resources (TSE) for its inability to contri bute to th e 1989 exploration program conducted by …
Petromet Sept 19
Exploration data from the Ming West deposit are being assessed before the final part of a $3.8-million exploration program is completed, partners Petromet Res ources (TSE), Newfoundland Exploration (T…
LAC to earn 50% of DRX gold bet
New York-based DRX Inc. is teaming up with Toronto gold producer LAC Minerals (TSE) to explore DRX’s Midas property on the Carlin Trend in Nevada. The 283-claim property lies in the northwestern end o…
Metal Prices FUTURES PRICES (September 25, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep140.50 137.00 137.00 + 6.50 Oct133.20 133.20 130.35 + 1.45 Dec129.90 125.80 125.95 …