Cominco increases stake in smelter
A wholly owned subsidiary of Cominco Ltd. (TSE), Cominco American, has purchased a 50% interest in the Glenbrook nickel smelter from USA Investments. The Glenbrook nickel smelter is in Riddle, Ore. It…
News
Dejour, Quill merger
Dejour Mines (TSE) plans to merge with privately owned Quill Resources. Dejour will issue 12 million treasury shares to Quill’s shareholders in a reverse takeover that will give control of Dejour to Q…
Corona supports Goldbelt
Gold producer Corona Corp. (TSE) is planning to invest $1.21 million in Goldbelt Mines (VSE), a junior company controlled by Mike Muzylowski and Douglas McRae. According to Goldbelt, Corona is making …
Signing Session for Joubin’s book
Franc Joubin will autograph his recently published book Not for Gold Alone on Nov 17, 6:30-8 p.m. at The Pottery Shop, 140 Yorkville Avenue, Toronto. Joubin is an internationally known prospector and …
Rio Algom increases stake in Pan Orvana
Resource giant Rio Algom (TSE) increased its stake in privately held Pan Orvana Resources through a private placement of 500,000 common shares priced at $1.10 per share. The purchase brings Rio Algom’…
LAC expands White River holdings
Toronto-based LAC Minerals (TSE) has expanded its land holdings east of the Hemlo gold camp in northern Ontario. The company has staked at least 650 new claims near White River, Ont., while at the sam…
Aur hits widest section yet in deep hole at Louvicourt
Results from the latest round of drilling at the Aur Resources (TSE), Societe Miniere Louvem (TSE) discovery near Val d’Or, Que., indicate that the deposit is still opening up at depth. That was confi…
Callahan losses total $3.3 million
Arizona-based Callahan Mining (NYSE) is reporting a loss of $3.3 million(US) or 43 cents per share for the first nine months of 1989. The company reported a loss of $1.89 million or 25 cents per sha…
News in Brief (November 13, 1989)
Trader Resource (TSE) says it plans to exercise its option to acquire all of the shares of Ronnoco Gold Mines (COATS) held by Broulan Resources (TSE) and a private estate at $1.25 per share. Broulan o…
Corona renewing option at Varna’s Mings Bight
An exploration program conducted by Corona Corp. (TSE) on Varna Gold’s (ASE) Mings Bight property in Newfoundland is focusing on two separate gold zones about 150-300 ft apart. As part of its plan to …
Platinum assays imminent from Platinova/Corona bet
While they are still waiting for the remaining assay results from drilling on a gold-platinum group metals project in Greenland’s eastern coastline, Corona Corp. (TSE) and partner Platinova Resources …
Inco feasibility for Cochenour
Inco Gold, a wholly owned subsidiary of Inco Ltd. (TSE), is encouraged with results from the Cochenour-Willans project near Red Lake, Ont., and plans to continue with drilling, bulk sampling and a fea…