People (January 15, 1990)
FALCONBRIDGE — George Reed retired as vice-president and general manager after more than 32 years of service.
News
Coral cuts deal with Amax
Funding for further development and exploration of the Robertson gold property in Lander Cty., Nev., owned by Coral Gold (TSE), appears to be close at hand. Amax Gold (NYSE) has signed a letter of int…
Deak debentures to fund mine property acquisitions
Subscriptions for $3.85 million in principal amount of prime plus secured convertible debentures have been received by Deak Resources (TSE), which is consolidating a number of gold and base metal prop…
Bema high on potential on Refugio property
Recent drilling on the Refugio property in northern Chile’s Maricunga district has convinced Bema Gold (TSE) that the property has potential to host a “world class” gold deposit. The Vancouver-based j…
Deak drilling (January 15, 1990)
A drilling program is under way at the Aldermac group of base metal properties near Rouyn-Noranda, Que., Deak Resources (TSE) reports. A minimum 15,000 ft. of drilling will be conducted by Feb. 28, ut…
Northfield completes private placements (January 15, 1990)
Toronto-based Northfield Minerals (ASE) says a private placement of 250,000 common shares to affiliate Northfield Capital (COATS) was completed recently. According to Northfield Minerals, it has raise…
Hemlo stakers not forgotten
Corona (TSE) and Teck (TSE), victors in Canada’s richest lawsuit for control of the Williams gold mine at Hemlo, have not forgotten an old handshake. Both companies have given a net smelter royalty on…
Montreal Exchange Yorbeau popular
Shares of Yorbeau Resources are proving popular with investors. The junior announced encouraging exploration results from its Astoria gold property near Rouyn-Noranda, Que., from drifting being undert…
Toronto Stock Exchange LAC leads the way in renewed gold rally
A surge in gold bullion prices combined with another wave of buying in the shares of LAC Minerals — everyone’s favorite takeover target — catapulted the gold and silver index by more than 263.99 poi…
Minefinders completes private placement deal
Two private placement financings for a total of $400,000 have been completed recently by Minefinders (VSE) to fund its share of exploration expenses on three properties in northwestern Quebec. The fun…
Hall of Fame Photo by George Onuska
Newly inducted into the Canadian Mining Hall of Fame is 89-year-old Alex Mosher, who was accompanied to this year’s dinner by granddaughters Judy Lennox (left) and Jane Ratchford.
Micro-organism use growing 12% annually in the mining industry
Use of micro-organisms to extract and concentrate metals is a US$2-billion per year business worldwide, and growing at an annual rate of 12-15%, Falmouth Associates of Maine reports in a multi-client …