People (March 20, 1989)
ADDSUN RESOURCES — Stephen G. Mlot appointed president and chief executive officer.
News
Milligan feasibility planned by Lincoln, BP
Mine feasibility studies are expected to begin by year-end on the Mt. Milligan copper-gold porphyry deposit in British Columbia, officers of United Lincoln Resources (VSE) told The Northern Miner. Loc…
Inco, Knight discovery
A new gold discovery has been made on the Casa Berardi property held by Inco Gold and Golden Knight Resources (TSE). Located in northwestern Quebec, the discovery is 1,600 ft northeast of the Casa Ber…
Queries Kancana Ventures
I would like to know about a company called Kancana Ventures Ltd., which last year consolidated its share capital on a one-for-three basis and changed its name from Consolidated Knobby Lake Mines. Doe…
Ontario Mines Ministry names consultant for Toronto study
The Ontario Ministry of Northern Development and Mines (OMNDM) has recently appointed a consultant to study the requirements of a Toronto-based client services centre. With a major relocation to Sudbu…
Placer, Tundra option
Placer Dome Inc. (TSE) has acquired an option on the McKenzie Break gold property held by Tundra Gold Mines (VSE). The 406-claim property is in Fieldmont and Courville twps., about 15 miles northeast …
COATS Trading Features (March 20, 1989)
An active trader and volume leader again this week was Hanson Mineral Exploration which is planning to amalgamate with Perch River Mines, a private company controlled by J. McAdam and J.T. Flanagan. T…
Outside consultant to oversee Spirit Lake exploration work
An independent geological consultant has been retained by Spirit Lake Explorations (ME) to supervise all exploration activity at the company’s Jacobson Tw , gold property in northern Ontario. In addit…
Stan West mine closed
Operations at the problem- plagued McCabe gold mine have been temporarily suspended by Stan West Mining. Operating losses of $750,000(US) in January and February forced the mine’s closure, chairman Fr…
Malartic Hygrade, crown battle for control of Gold Texas
In a bid to acquire a minimum 50.1% stake in Gold Texas Resources (VSE), Quebec gold producer Malartic Hygrade Gold Mines (VSE) has raised its cash offer from $5.75 to $6 per share. Malartic currently…
OSC considers complaints of trading violations against Inco, Teck
Enforcement officials at the Ontario Securities Commission are reviewing complaints relating to insider purchases of Golden Knight Resources shares. In late February the OSC received a letter from a b…
Rea Gold completes due diligence on Bissett mine
The Bissett gold project in Manitoba owned by Cassiar Mining (TSE) will have higher capital and operating costs than indicated by a 1987 feasibility study. Rea Gold Mines (TSE), which will purchase th…