News

Noranda reports further results from Glimmer bet

Noranda Inc. (TSE) has released additional results from its Beatty and Hislop twps. gold property near Matheson, Ont., held in joint venture with Glimmer Resources (VSE). Results from five holes are l…


Giant Yellowknife lowers its costs

Improved third-quarter performance of the conventional operations at Timmins, Ont., and Yellowknife, N.W.T., helped Giant Yellowknife Mines (TSE) on the balance sheet. The company reports reduced mine…


Writedowns produce red ink for Granges

Property writedowns led to a 1989 third-quarter net loss of $7.86 million or 23 cents per share for Granges Inc. (TSE), compared with a net loss of $1.17 million or 5 cents per share for the third q…


Maufort names new president

Junior Maufort Resources (ME) has a new president following the recent resignation of the company’s board of directors. Paul Billette has replaced Maurice Fortin in the president’s chair. A couple of …


Pioneer fighting threat of mine foreclosure

The once amicable corporate relationship between Pioneer Metals (TSE) and its largest single shareholder Pegasus Gold (TSE) has deteriorated into a legal wrangle over Pioneer’s U.S. mineral assets. St…


FINANCING (December 04, 1989)

ONTARIO Jonpol Expls — 400,000 offered @ $3.25 per unit to net $1,202,500. VANCOUVER Mondana Ventures — gross proceeds rec $234,00. Major General Res — 500,000 offered @ $1.50 per unit. PMA Res — …


Little gold, Plenty goes

Plenty River Mining, an Australian company, has terminated its option to earn a 50% interest in the Kramer Hills gold deposit from Beaver Resources (TSE). Situated in California, Kramer Hill hosts res…


Positive feasibility study for Mazarin graphite play

A positive feasibility study has been received by Societe d’Exploration Miniere Mazarin (ME) for its Lac Knife graphite project near Fermont, Que., and the Labrador border. The project, to operate at …


Toronto Stock Exchange Indices (December 04, 1989)

1989 Nov 28 Nov 27 Nov 24 Nov 23 Nov 22 HIGH LOW Composite “300”3928.003930.703933.483915.773920.554037.833353.13 Metals & Minerals3353.313339.243342.523337.663351.963919.203207.50 Integrated mines…


Fish Lake deposit before the courts

On page 12 of your Nov 13 issue in your news item regarding Pioneer Metals, you indicate that the Fish Lake deposit is owned by Cominco Ltd. The Fish Lake deposit is a porphyry copper-gold deposit con…


Faraday, Jascan

Faraday Resources (TSE) has increased its interest in Jascan Resources (TSE) to 48.8%. The company purchased another 1.3 million shares of Jascan privately. Jascan holds a portfolio of mineral propert…


Anglo options Timmins claims

Vancouver-based Anglo Canadian Mining (VSE) has signed a letter of intent to option a gold property in Matheson Twp., Ont., from Timmins prospector Corrie Miller. The property, which comprises two pat…


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close