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 — …
News
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…
Sikaman, partner plan placer gold project in Ghana
A joint venture agreement has been entered into between Sikaman Gold Resources (TSE) and ITM International for development of the former’s two placer gold mining concessions in Ghana, West Africa. ITM…
Toronto Stock Exchange LAC share volumes soar on takeover talk
Furious trading in the shares of LAC Minerals, fuelled by talk of a takeover, led the issue to the top of the most active list. Activity during three days ended Nov. 29, today, saw more than 7.6 milli…
COATS (over-the-counter) Big jump for Carolin
A big gainer for the week ended Nov 28 was Carolin Mines which tacked on 47 cents to its share price before closing at $1.10, nearly double last week’s price of 58 cents . The company has been re-act…
Aber drilling NWT base metal bet (December 04, 1989)
A drill program by Aber Resources (VSE) is under way on the Victory Lake base metal prospect 40 miles east of Yellowknife, NWT. President Grenville Thomas said the objective is to prove up further dep…
Int’l Mahogany boosts earnings
Excellent results continue for International Mahogany Minerals (TSE) which reported net earnings of $3.6 million for the nine months ended Sept 30. Revenues for the period were $21.1 million while cas…