Toronto Stock Exchange Indices (July 10, 1989)
1989 July 4 July 3 June 30 June 29 June 28 HIGH LOW Composite “300” 3756.30 Holiday 3760.91 3743.46 3766.57 3806.03 3353.13 Metals & Minerals 3263.34 Holiday 3278.08 3263.21 3292….
News
Metals on the leading edge of technological breakthroughs (2)
This is the conclusion of an article, the first part of which appeared in the June 12/89 issue of The Northern Miner. The major metals may attract most of the attention, but the minor metals have a si…
Geological Association to meet in Vancouver
The Geological Association of Canada will hold its 1990 annual meeting in Vancouver on May 16-18. Miners will be especially interested in three conferences: Acid mine drainage — designing for closure…
Augmitto swings deal to complete Beauchastel
Beleaguered Augmitto Explorations (TSE), which is struggling to salvage its Beauchastel gold project near Rouyn, Que., has signed a letter of intent with another company which could lead to completion…
Kilborn awarded Fort Cady contract
A contract for project management, engineering, procurement and construction management services for the Fort Cady boric acid project in California has been awarded to Kilborn International of Toronto…
B.C. mine rescuers strut their stuff
Mine rescue and first aid teams in British Columbia were put through their paces at the recent provincial mine rescue competition in Prince George. Winner of the open pit rescue competition was the Af…
B.C. funds prospectors
Recognizing the importance of prospectors in mineral development, the British Columbia government has announced a $500,000 prospector assistance and training program. The maximum grant has also been b…
Alberta Stock Exchange Borealis surges
Calgary-based Borealis Exploration continues to thwart the short sellers whom President Rodney Cox blamed earlier this year for a rapid drop in the company’s share price. Borealis posted a whopping $3…
LAC makes zinc-gold discovery near its Toqui zinc mine in Chile
An estimate of reserves from a new polymetallic discovery made by LAC Minerals (TSE) on the company’s Toqui property in Chile is expected by this fall. “By late September, we’ll have some firm numbers…
RFC dewatering program starting at Pend Oreille
Preparatory work for a major dewatering program is under way at RFC Resource Finance Corp.’s (VSE) Pend Oreille zinc mine in Washington State. The company has an option to earn a 100% unencumbered int…
FINANCING (July 10, 1989)
Canmark Int’l Res — min 600,000 offered @ 40 cents per sh Liberty Gold Corp — min 400,000 offered @ 44 cents per sh Broadwater Devel — 650,000 sold for gross $260,000 Cannelle Expl — min 625,000 …
Letters to the Editor Juniors quick to accept rock mechanic
You editoria o Ma 1 (Roc mechanic researc shoul b pu to use), while accurate in extolling the merits of applying numerical modelling techniques to mine design, did a great disservice to the efforts of…