Shebandowan mine producing again
Solid strength in base metal prices has prompted Inco Ltd. (TSE) to quietly reopen its Shebandowan nickel-copper mine west of Thunder Bay, Ont. Last winter Inco let a contract for mining and milling a…
News
Spot prices at a glance (April 17, 1989)
Price Week’s ($US) Change($) Gold* 384.15 –0.25 Silver* 5.82 + 0.02 Platinum* 527.50 + 2.75 Nickel** 6.58 — 0.44 Lead** …
Vista Mines faces management change
A change in management will take place at Vista Mines (TSE) shortly. The company, along with its major shareholders, feels that full time professional management is required to properly direct Vista’s…
Correction (April 17, 1989)
Contrary to what was reported in The Northern Miner recently, Octan Resources’ (ASE) Norex property in the Northwest Territories is thought to host 850 tons of material at an average grade of 250 oz s…
Dumont private placement
Dumont Nickel Corp. (ME) has entered in to a private placement agreement with Sasu Investments, a private company controlled by Dumont director Jack Kentish Jr. Sasu has subscribed for 666,666 units o…
Nova-Cogesco funding
Nova-Cogesco Resources (TSE) issued 304,988 flow-through shares at 91 cents each to Somicom 1988 and Co., Limited Partnership as per its May, 1988, agreement, the company reports. Funds worth $277,539…
Lease of Yukon mill terminated
Partners Omni Resources (VSE) and Skukum Gold (VSE) have terminated an agreement to lease the Mount Skukum mill owned by Total Energold (TSE) and AGIP Resources. Skukum and Omni had intended to use th…
Hughes-Lang Group plans reorganization
A proposal to restructure and reduce the number of companies within the Hughes- Lang Group has been approved by directors and will be presented for shareholder approval at meetings scheduled for June….
Umex studying Thierry deposit
Although Umex Inc. has been seriously looking at the feasibility of reopening its shutdown copper- nickel mine at Pickle Lake, Ont., the company says no production decision has yet been made. Frederic…
Placer Dome’s Dona Lake close to full production
Placer Dome’s (TSE) Dona Lake gold mine near Pickle Lake, Ont., is nearing full production capacity with an official opening scheduled for early this summer. Three gold bars have been poured at the …
Books in review
A book tracing the history of the Quebec mineral industry from its beginnings to the present, titled Des mines et des hommes, was recently published. “It’s the first time such a complete and detailed …
Stratmin uncovers gold showing
Drilling has outlined a lengthy gold mineralized area along a portion of the northwesterly trending Montpas shear on the Cossette property in Duverny Twp. in northwestern Quebec, Stratmin Inc. (ME) re…