Montreal Exchange Black Friday scare
Fears of a repeat of Black Monday two years ago failed to materialize during the week, although this year’s Black Friday version threw a scare into the investment community. A 4.8% drop in the mining …
News
Market collapse short lived on Montreal;s stock exchange
One of the main differences between the October market collapses of 1987 and 1989 has to be the recovery time. Investors this time around seemed to bat hardly an eyelash before diving in again during …
Marcee planning to drill property in central Nfld
Macree Resources (COATS) has received a letter of intent from Yorkton Securities of Toronto for a $500,000 common share underwriting. Proceeds of the offering will be partially used for general corpor…
Newfoundland review, CIM coincide
The Newfoundland Department of Mines and Energy’s thirteenth annual open house and review of activities begins Nov 2, 1989, at the Radisson Plaza Hotel in St. John’s, Nfld. Once again, the department’…
Glimmer benefits from drill results near Matheson
A significant gold discovery has been made by Noranda Inc. (TSE) on property held under option from Glimmer Resources (VSE). The 14-claim property is in Beatty and Hislop twps., about 45 miles east of…
Golden Point reports Wawa project results
A $300,000 exploration program has been recommended to follow up a gold-bearing quartz vein system on Golden Point Exploration’s (ASE) McMurray Twp., property near Wawa, Ont. The 41-claim property is …
Northgate ups stake in Geddes Resources
Toronto-based Northgate Exploration (TSE) has emerged with a larger stake in Geddes Resources (TSE). By purchasing 1.85 million Geddes shares through a private placement, Northgate has increased its s…
France unveils Olympic coins
The first gold and silver coins of the French Olympic Coin program were recently unveiled in Toronto. Sales of the coins will help fund the 1992 Winter Olympic Games set for Albertville, France. The O…
Corona, Platinova drill 9 holes at Greenland bet
A drilling program this year at a gold-platinum prospect in East Greenland confirmed the continuity and integrity of a layer of precious metals mineralization over an area of several square kilometres…
Letters to the Editor Devon R&D centre not closing
In the editorial page of your edition of Oct 2, 1989, you allude to cuts in R&D in surface mining at one of the Canada Centre for Mineral and Energy Technology (CANMET) laboratories at Devon, Alta., t…
Aur considers Val d’Or smelter
Construction of a smelter, at a capital cost that could reach $350- million, is being considered for any ore mined from the Aur Resources (TSE), Societe Miniere Louvem (TSE) base metal discovery. Whil…
Crown Butte has three rigs at Miller Creek discovery
Three rigs are continuing to drill the Miller Creek zone on the New World property in Montana where Crown Butte Resources (VSE) and project manager Noranda Exploration recently made a new gold-silver-…