Near-surface zone on Gamsan property
Following a program of deep drilling to test down-dip extensions of a zinc-copper zone on the Brabant Lake property in northern Saskatchewan, Gamsan Resources (ASE) is now investigating a near- surfac…
News
Platinum, palladium in fusion experiment
The scientific jury is still out on the results of an experiment in which platinum and palladium elements were used to produce nuclear fusion. Two researchers, Martin Fleischmann and Stanley Pons, sai…
Alberta Stock Exchange Borealis arrests fall
Calgary-based Borealis Exploration took some measure of revenge on the short sellers who have contributed to the issue’s recent decline. While the company is attempting to secure the necessary financi…
Goldex agrees to expand Dubuisson Twp. interests
Toronto-based Goldex Mines (TSE) is expanding its Val d’Or, Que. interests to include a couple of exploration properties controlled by Ormico Exploration Ltd. (ME) The Goldex Extension and Thompson Ri…
Puffy Lake Impacts Pioneer’s Bottom Line
Faced with the uncertainty of operating the Puffy Lake mine economically, Pioneer Metals Corp. (TSE) has reduced the carrying value of the mine in its financial results for the year ended Dec 31. The …
FUTURES PRICES (April 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 128.50 128.20 128.30 — 10.60 May 129.10 126.70 128.20 — 9.20 Jul 122.20 120…
Montreal Exchange Quiet market scene
Chalk it up as a fairly tranquil week on the exchange, with gold continuing to languish below $400 (US) per oz and investors expressing concern about higher interest rates and the direction of the eco…
FINANCING (April 10, 1989)
VANCOUVER Big Creek Res — 200,000 sold for gross $90,000. Bunker Hill Mng Co — opt exerc on 40,000 @ $3 per sh. Golden Rainbow Res — 500,000 sold for gross $160,000. Goldrite Mng Corp — opt exerc …
Bresea issues shares to ease debt problems
Calgary-based Bresea Resources (ASE) has managed to ease itself out of financial difficulty by issuing shares for debt. According to Bresea, a debt load of $100,000 will be paid off when it issues 205…
Letter to the Editor Heather was manager of Madsen Red Lake
I read with interest your obituary on Allison Heather in the Mar. 20, 1989, issue. However, there was one glaring inaccuracy which I would like to correct. Mr Heather was never manager of Madsen Red L…
Editorial World class?
There have been many horror stories in this country in the past year about premature feasibility studies that over-estimate grade and mineable reserves but under-estimate capital and production costs….
Maufort on own at Siscoe project
Sole ownership of the Siscoe project near Val d’Or, Que., remains with Maufort Resources (ME), the company says. Maufort says Cambior Inc. (TSE) has withdrawn from the operation of the project and, ac…