5 Australian Register
Now in its ninth edition, Register of Australian Mining is a handy guide to the country’s mines, their locations and reserves. Once again, gold outshines all other metals, occupying one-third of the b…
1989
Lawyers mine meets expectations
The Lawyers gold-silver mine in the Toodoggone district of north-central British Columbia is continuing to meet the expectations of owner/operator, Cheni Gold Mines (TSE). Since the start of commercia…
Corona to lend Prime $20 million
Gold producer Corona Corp. (TSE) has agreed in principle to lend Prime Resources (VSE) $20 million repayable in one year. The loan is subject to drafting of formal documentation and approvals by the b…
OPTIO IOCC GOLD OPTIONS
Options Open Series Volume Last Interest Nov 360 C 208 10.00 2,445 Nov 370 C 97 6.00 1,837 Nov 390 C 134 1.50 2,307 Nov 400 C 333 1.10 2,406 Feb 370 C 188 13.50 217 Feb …
Mining Corp. closing doors
Citing a lack of opportunities in the mining construction business, Mining Corp. of Canada says it will wind up its business activities by the end of 1989. The wholly-owned subsidiary of Noranda Mine…
Northgate emerges with 50% stake in Neptune gold bet
Toronto-based Northgate Exploration (TSE) has emerged with a bigger stake in Neptune Resources’ (TSE) Colomac gold project after exercising its opti on to acqu ire a 30% interest in the project for $2…
Corona finds new zone at Varna Gold project
Drilling on Ming’s Bight property of Varna Gold (ASE) in Newfoundland continues to yield some interesting results. Exploration there is being financed by Toronto-based Corona Corp. (TSE), which can e…
Montreal Exchange More legal action
Mixed results highlighted a holiday-shortened trading week, with the market portfolio gaining almost 9 pts and the mining and minerals index droppi ng almost 8 pts. Daily volumes were consistent, rang…
Placer Dome finances metallurgical testwork at J&L
The J&L property near Revelstoke, B.C., contains a gold, silver, lead and zinc deposit with potential to be a polymetallic mine. But because the mineralization at J&L is refractory and contains high a…
Intl. Platinum busy on five properties
A diamond drilling program is under way on the Picket Pin project of International Platinum (TSE). The property is nine miles from the Still water platinum-pal ladium mine in Montana. In a recent prog…
Alberta Stock Exchange Roper Rises
When a company like Pan East Resources trades over one million shares in a single session there are usually some drill results or a financing to e xplain all t he activity. But in Pan East’s case ther…
Ontario’s mineral potential studied
According to a recently-released study, on average, $37 million and six years of activity are required to find and delineate an economic deposit in Ontario. The report, prepared by the Centre for Reso…