FINANCING (November 06, 1989)
ONTARIO Blue Heaven Res — final rec iss offer 2,400,000 @ 45 cents per sh to net $662,400. Harte Res Corp — final rec iss offer 250,000 @ $1.50 per sh to net $235,350. Windy Mountain Expl — final r…
News
Editorial Mining is high tech’s best customer
There were some valid points about Canada’s pursuit of “high tech” objectives made in a recent speech by William Winegard, Minister of State for Science and Technology. Unfortunately, a statement that…
New discoveries make Mishibishu Ontario’s hot spot
Northern Ontario’s Mishibishu gold camp is a thriving exploration hot spot, thanks largely to a steady stream of new discoveries which have confirmed the area’s potential during the past few years. Th…
Toronto Stock Exchange Indices (November 06, 1989)
1989 Oct 31Oct 30Oct 27Oct 26Oct 25HIGH LOW Composite “300” 3918.623887.173884.253886.363906.684037.833353.13 Metals & Minerals 3461.903408.303390.173411.833446.283919.203207.50 Integrated mines 3605….
Base metals revival
It wasn’t too long ago gold was the only game in town and few junior companies had the foresight to look for base metals. How times have changed. Some of the most exciting plays today are in base meta…
NovaGold offers $12 million for Mount Pleasant tin mine
Halifax-based NovaGold Resources (TSE) has signed a letter of intent to acquire the Mount Pleasant tin-tungsten mine in New Brunswick from LAC Minerals (TSE) and Billiton Metals Canada for $12 million…
Northern Quebec focus of 1990 CIM symposium
A CIM symposium this spring will focus on 60 years of exploration in the polymetallic belt of northern Quebec. Major mineral deposits in production or under development in the Rouyn- Noranda, Val d’Or…
Hemlo starts drilling Pukaskwa property in Mishibishu area
Diamond drilling has started on the Pukaskwa River gold property under option to Hemlo Gold Mines (TSE) from Mishibishu Gold (VSE) in northern Ontario. The property is about 40 miles west of Wawa on t…
Stratabound Minerals
There aren’t too many juniors who are fortunate enough to be in the position that Stratabound Minerals (ASE) is in at the moment. The Calgary-based company is sitting with a 210,000-ton zinc-lead- sil…
Inside New look at Val d’Or
Val d’Or, Que., has been well worked over by gold explorationists, but its base metal potential has been largely overlooked for the past 20 years. New geological theories and new exploration technique…
Preliminary work encouraging: Rogi
An IP survey on the Lourmet property near Val d’Or, Que., has returned encouraging results, Exploration Rogi (ME) and Aur Resources (TSE) report. Indicated is a strong anomaly coinciding with a volcan…
COATS (over-the-counter) Teddy Bear active
After forming a joint venture with Noranda Exploration to continue work on a Harker Twp., Ont., gold property, Teddy Bear Valley Mines advanced to $1.50 this week on news of recent drill results from …