Rio Algom eyes B.C. copper bet
A porphyry copper-gold prospect held by a unit of BP Canada (TSE) and Digger Resources (VSE) north of Fort St. James, B.C., has attracted the attention of Rio Algom (TSE). Rio Algom signed a letter of…
News
Teck funding gives Lysander cash for copper-gold prospect
Junior Lysander Gold (VSE) is planning to use the proceeds of a private placement by Teck (TSE) for ongoing exploration of the Cat Mountain project where widespread copper-gold mineralization was foun…
Coeur d’Alene profits with low prices
Even with the relatively low price of gold and silver during 1989, Coeur d’Alene Mines (AMEX) maintained a profit for the nine months ended Sept. 31. Net income for the nine months was US$5 million or…
Louvem fails to have courts stop Aur drilling
Societe Miniere Louvem (TSE) and parent company St. Genevieve Resources (TSE) have failed to have drilling stopped at the Louvicourt Twp. massive sulphide discovery near Val d’Or, Que. But St. Genevie…
Menora in deal with Black Cliff
An agreement has been worked out between Menora Resources (ME) and Black Cliff Mines (TSE) whereby the latter will sell its interests in the Squaw Creek and O’Donnel River placer gold properties to Me…
Letters to the Editor Noranda doesn’t own 100% of Kidd Creek
In your article “Kidd Creek back to running order after Jan. 3 fire” (T.N.M., Jan. 22/90), you state that Kidd Creek is owned by Noranda. I noted that in a recent letter to the editor a reader caught …
Victoria planning graphite production
Production at a graphite deposit near Portland in southeastern Ontario is scheduled to begin during the first half of this year, Victoria Graphite (COATS) reports. The company recently completed a dri…
COATS (over-the-counter) Copperquest firm
Copperquest, the first junior mining company to complete a financing in 1990, is now trading in the 23-25 cents range. The financing, done at 21 cents , involved about 1.5 million shares of Copperque…
Ventex options Cons. Jalna property
Timmins-based Ventex Energy (VSE) has acquired an option to earn a 100% working interest in Consolidated Jalna’s (VSE) Shebandowan area claims, 30 miles west of Thunder Bay, Ont. Straddling the TransC…
FINANCING (February 05, 1990)
Covenant Res. — min 500,000 offered @ 45 cents per sh. Auriga Res. — 700,000 offered @ 35 cents per sh. Adonos Res. — 550,000 offered @ 50 cents per sh. Nortran Res. — gross proceeds rec $282,00…
Golden Star offering to fund Guyana bets
Golden Star Resources (ASE) says a preliminary prospectus has been filed for a public offering and private placement to raise $10 million for exploration at gold and diamond projects in Guyana. Under…
People (February 05, 1990)
BOND INTERNATIONAL GOLD — Hector Figueroa appointed vice- president of finance; George Young, general counsel and secretary, Holly Thomas, director of investor relations.