Radisson arranges Duquesne financing
A $6-million financing has been arranged by Radisson Mining Resources (ME) to help bring the Duquesne gold-mining project about 20 miles north of Rouyn- Noran da, Que., into production. Radisson and w…
News
TAX
A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this a nalysis, tax specialists Barry Dent and J…
Holmer has Bristol Twp. drill results
A recent deep drill hole on Holmer Gold Mines’ (ASE) Bristol Twp., property near Timmins, Ont., has yielded three significant intersections in a previously un explored area near the main zone deposit….
Spot prices at a glance (September 25, 1989)
Week’s Price (US) Change Gold* $360.75 +$ 1.95 Silver* $ 5.07 –$ 0.01 Platinum* $473.65 –$ 0.95 Nickel** $ 5.17 +$ 0.31 Lead** $ 0.34 +$ 0.02…
Oropex in Yukon play
A newly listed company, Oropex Minerals (VSE) is planning an exploration program on its 288- claim gold prospect in the Yukon. The 30,000-ft dri ll program, wh ich still requires financing to implemen…
Bema officially opens first gold mine
ARCO, Idaho — The official opening of the Champagne mine 20 miles west of this town was celebrated in a fashion that would have amused the prospe ctor who mad e a discovery on the property over a cen…
Sept 20, 1989 (September 25, 1989)
Ontario’s Ministry of Northern Development and Mines has approved 101 grants totalling $6.27 million for programs completed under the Ontario Minera l Explorat ion Program (OMEP) between April and Jun…
VSE
After last week’s market correction, trading activity on The Vancouver Stock Exchange stabilized to more modest but still respectable levels. Invest or interes t is still strong, brokers say, and it r…
editorial
It is becoming increasing clear that the federal government’s proposed Goods and Services Tax (GST) is unworkable. It is not the concept of a value-added tax that is flawed, but the way Finance Minis…
Exploration on hold at Lyon Lake project
Assets of Lyon Lake Mines (ME) stood at $10.7 million on June 30, with liquid assets totalling $93,502, the company reports. Additional exploration has been recommended for the Mosquito gold property …
Lynx-Canada disappears
Lynx-Canada Explorations (TSE) has been amalgamated with CS Resources. The new company will be known as CS Resources and will trade on the Toronto and Montreal stock exchanges — listings which were…
Buffalo Ankerite Mine, Timmins, Ont. c. 1940/1984
This view of the No. 5 shaft headframe dramatize the final stages in the evolution of the mine headframes. This 145-ft-high steel headframe was constructed in 1 940 over the company’s new production s…