News in Brief (September 18, 1989)
Mt. Calvery Resources has changed its name to Triumph Resources Ltd. (TUM:VSE) on a 1-new-for-4-old share basis. Transfer agent is Central Guaranty Trust Co.
News
Calpine to spend $2.3 million on GNC
The GNC property located immediately adjacent to the Eskay Creek property in northwestern British Columbia is to be the subject of a $2.3-million work program by Calpine Resources (VSE). Calpine is co…
Plexus swaps properties to acquire copper/gold project
By way of a property exchange with Cyprus Metals Exploration, Plexus Resources Corp. (TSE) has acquired development rights to an advanced copper-gold-silver property some 45 miles east of Salem, Ore. …
Australian speaker at CIM luncheon
Ross Thomas will be the guest speaker at the Canadian Institute of Mining and Metallurgy on Sept 21. The luncheon meeting, scheduled for 12.30 p.m., will be at the Upper Canada Room, Royal York Hotel….
Cal Graphite near production, Stratmin expands mill
A producer of crystalline flake graphite in Quebec is well advanced in its plans to build a second mill, while a company in Ontario is preparing to enter graphite production by the end of this year, T…
Manitoba unveils plans for a new Mining Act
Proposed mining legislation that incorporates almost 60 years of amendments and additions to the existing Mines Act was detailed in a green paper released recently by Manitoba’s minister of Energy and…
INSIDER TRADES (September 18, 1989)
Black Cliff — M. Au sold 189,000 (Aug., private) @ 20 cents to hold 87,500. Brewbac — N. Brewster sold 23,621 (July) @ 10 cents to hold 38,592. Cane — Jonpol bought 40,000 (July) @ 9 cents -10 cen…
B.C. mine safety audit sees room for improvement
Results of a safety audit program of new mines and advanced exploration projects in northwestern British Columbia have persuaded the Ministry of Energy, Mines and Petroleum Resources to conduct more i…
Gold values reported at HSK’s Denison bet
Toronto-based HSK Minerals (TSE) has reported a number of gold discoveries at its 52-claim Denison Lake property in the Mishibishu Lake area, 53 miles southeast of Hemlo, Ont. Central Crude Ltd. (TSE)…
Gold funds as of Sept 12
MVP BGR Central Capital Net value $11.41 $ 5.85 $0.58 Price $10.00 $ 5.75 $0.29 Discount 1.12% — 1.7% 50% Value $67,937,730 $98,403,959 N/A…
Fatal accident at Windy Craggy
An underground accident at the Windy Craggy exploration site in northwestern British Columbia has killed an employee of Main Street Mining, the Whitehorse-based mining contractor for Geddes Resources….
Montreal Exchange Montreal Exchange: Market indices off
The indices headed downwards this week but the trading remained steady, with daily volumes ranging between 5.8 million and 8.7 million shares. The market portfolio slipped more than 33 pts and the min…