Teck to drill Iron Mask
A reverse circulation drill program by Teck Corp. (TSE) is planned for the Iron Mask copper-gold project 20 km west of Kamloops, B.C. As operator, Teck can earn a 50% joint venture interest in the 4,5…
News
Toronto Stock Exchange Gold shares ease as bullion price drifts
Gold stocks, which have held centre stage on The Toronto Stock Exchange for the past few weeks, crumbled today, Dec 13, under a barrage of selling pressure which skimmed more than 200 points or 2.58% …
Tandem buys shares
Tandem Resources (ME) has purchased 1.37 million common shares of Ayrex Resources (ASE) for 20 cents per share. The transaction raises Tandem’s interest in the company to 56%.
Westminer to start Gays River mill
Zinc and lead production is scheduled to begin in January, 1990, from the Gays River project owned by Westminer Canada, the 100% owned affiliate of Western Mining, an Australian mining company. The st…
Northgate earnings up compared with ’88
Toronto-based Northgate Exploration (TSE) has reported unaudited net income of $8.5 million or 35 cents per share for the nine months ended Sept 30, compared with $2.2 million or 10 cents per share …
COATS (over-the-counter) (December 11, 1989)
Carolin Mines continued making advances for the week ended Dec 5, trading as high as $1.60 before a sell-off forced the issue back to 80 cents on Dec 4. The company plans to examine the possibility o…
Ontario’s Mines Minister to deliver lecture
Ontario’s Minister of Mines Hugh O’Neil will deliver a lecture at a luncheon meeting Dec 11 at Metro Toronto Convention Centre. His topic, “Meeting the Challenges of the 90s and Beyond,” will address …
Granges in Newfoundland
Granges Inc. (TSE) has been granted an option from TerraGold Resources to explore TerraGold’s Little Bay property in Newfoundland. Granges must spend $66,000 on exploration by June 30, 1990. In order …
IOCC GOLD OPTIONS (December 11, 1989)
Options Open Series Volume Last Interest Feb 380 C 153 34.00 1,109 Feb 390 C 253 23.80 1,291 Feb 400 C 674 20.00 2,569 Feb 410 C 424 13.50 906 Feb 420 …
Epoch to drill
Ground exploration by Epoch Capital on properties in Newfoundland has identified several drill targets. On the Lady Pond property, two drill holes will test a geophysical anomaly near old underground …
Yukon’s placer operations pour out more gold in 1989 than any year
The Yukon placer mining industry produced more gold this season than in any year since 1917, the head of the territory’s federal placer unit says. Dave Latoski told the 17th annual Geoscience Forum in…
Roxmark feasibility
A feasibility study, which is expected to begin shortly, will review the viability of a tailings recovery project owned by Roxmark Mines (TSE) near Geraldton, Ont. Tailings controlled by Roxmark total…