News

News in Brief (November 06, 1989)

Rio Algom (TSE) has declared a semi-annual dividend of 52.5 cents , an increase of 10 cents , on its common shares, payable Dec 4 to shareholders of record Nov 10.


Orient claims

Junior Ressources Orient (ME) has purchased 15 claims in Grevet Twp., near Matagami, Que., in return for 250,000 company shares. The claims lie about 2.5 miles southwest of the VSM/Serem Quebec polyme…


International exhibition

Arcus and the University of Lulea, Sweden, are inviting speakers and delegates to the first Swedish international exhibition on arctic airport and high technology in winter climate. The show and confe…



St. Genevieve to earn 50% in Wrightbar copper bet

A subsidiary of Montreal-based St. Genevieve Resources (TSE) has agreed to earn a 50% interest in the southern half of a Val d’Or, Que., area copper project held by Wrightbar Mines (ME). Situated in B…


LAC’s global ore search focusses on Chilean mine

To find some of LAC Minerals (TSE) recent exploration highlights, you have to look to South America, specifically southern Chile, where the company’s Toqui zinc mine is. When The Northern Miner tried …



Minefinders starts drilling program

Drilling is under way on two exploration projects in Quebec, Minefinders Corp. (VSE) reports. Drilling on two other Quebec properties is scheduled to commence before the end of the year. An $800,000…


North American Gold

Major North American gold company Corona Corp. (TSE) is determined to retain its status as a low-cost producer, either through the discovery of new properties or the acquisition of other low-cost prod…


Decline in investor confidence

The decline in investor confidence, combined with a marked drop in gold prices, has taken the steam out of exploration and development activities in the Timmins camp — Canada’s most prolific mining c…


Quebec review

Flow-through funding may have dried up considerably, but exploration in Quebec was still at a very high level during 1989. Gold, base metals, nickel and even graphite have raised the interest of inves…



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