Quebec juniors option Goldboro, N.S. ground
Another Quebec-based junior, Murgor Resources (VSE), has optioned ground in the Goldboro area of Nova Scotia and a third, Ressources Orient (ME), is negotiating for ground in the area. Murgor Presiden…
News
Water spill poses no danger: Cameco
A spill of about 2,000 cubic metres of mine water occurred recently at the Rabbit Lake uranium mine of Cameco in northern Saskatchewan. The company reports water sampling has indicated the spill poses…
New management at junior Cache
The new majority shareholder and manager of Explorations Cache (ME) is Corpomin Management of Montreal. Pierre Boudreault has been named president and Charlene Ross, secretary-treasurer. Forming the b…
Inco Gold opens office in Val d’Or, Quebec
Inco Ltd. has opened a regional exploration office in Val d’Or, Que., to co-ordinate its exploration activities in the province. This new office, headed by Robert Lambert, is an integral part of the r…
Spot prices at a glance (November 20, 1989)
Week’s Price (US) Change Gold* $390.50 +$ 3.55 Silver* $ 5.37 +$ 0.10 Platinum* $510.40 +$16.15 Nickel** $ 4.54 $ 0.13 Lead** $ 0.32 …
Editorial Getting information
The rules about insider trading were made so that directors, officers and others close to a company would not benefit from information to which the general public does not have access. It is a worthy …
FINANCING (November 20, 1989)
VANCOUVER Bellex Mining — gross proceeds rec $235,000. Dessir Res — 600,000 sold for gross $228,000. Goldcliff Res Corp — gross proceeds rec $240,000. Reg Res Corp — gross proceeds rec $146,946.60…
Northgate prevented by OSC from completing ABM merger
Toronto-based Northgate Exploration (TSE) has run into a potential road block en route to simplifying its complicated corporate structure and becoming an operating mining company. Last week, the Ontar…
Six gold mines close, six open while gold slumps
A year-long slump in the price of gold bullion has forced at least four Canadian gold mines to suspend operations during the past six months, while a similar number of new mines have come on stream ov…
European backers revive Carolin
A European syndicate has provided Carolin Mines (NASDAQ) with initial funding to investigate the possibility of re-opening the Ladner Creek gold mine near hope, B.C.. The company has already started t…
Three drills probing Metalore’s Brookbank
Three diamond drills are turning on the Brookbank gold property under option to Placer Dome (TSE) from Metalore Resources (TSE) in northwestern Ontario. Situated north of Beardmore, the 200-claim prop…
Prime mails offer to acquire Calpine
Shareholders of Prime Resources (VSE) and Calpine Resources (VSE) will be meeting Dec 14 to consider a transaction that would result in a merger of the two companies. If approvals are obtained, the me…