Black Hawk drilling deep holes at Minago
Two deep holes are being drilled below 1,600 ft to probe for downdip extensions to the Minago nickel deposit in Manitoba, reports owner Black Hawk Mining (TSE). The Minago deposit is 140 miles south o…
News
Toronto Stock Exchange Indices (December 18, 1989)
1989 Dec 12 Dec 11 Dec 8 Dec 7 Dec 6 HIGH LOW Composite “300” 4002.993989.383982.733969.453951.664037.833353.13 Metals & Minerals 3307.533293.633314.663325.623344.303919.203207.50 I…
News in Brief (December 18, 1989)
Canarim Investment Corp. has changed its name to L.O.M. Western Securities Ltd.
Goldpost signs deal
Goldpost Resources (TSE) has sold its 78.3% share holding in Holcorp Gold Mines for $140,000. Holcorp agreed to sell to Goldpost eight patented claims consisting of surface and mineral rights containi…
Goldex hits zone on Ormico gold bet
Goldex Mines (TSE) says it has intersected a new gold zone while drilling Ormico Exploration’s Val d’Or, Que., claims from the 1,250- ft level on its own ground. Goldex recently completed the work nee…
Homestake drilling Kamad Silver property (December 18, 1989)
A drill program by a subsidiary of Homestake Mining (NYSE) is under way on the Kamad 7 claim adjacent to the Minnova/Rea Gold Samatosum mine near Barriere, B.C. According to Kamad Silver (VSE), previo…
Coughlan hearing scheduled for Jan 22
The Ontario Securities Commission has issued a notice of hearing to Terence Coughlan to appear before the commission Jan 22. The notice refers to allegations that Coughlan, as president of Seabright R…
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…
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 …