Midland plans to raise $3.5 million
Midland Energy Corp. (VSE) plans to raise $3.5 million within the next few months through a rights offering that could see its parent company’s ownership increase to more than 70% from the current 56%…
News
Letter to the editor The Saga of Rosa Brown
It is my pleasure to report that the Nov 6, Toronto premiere of the original musical “The Saga of Rosa Brown” was a “standing-room- only” success. It was exciting to present a new work documenting Can…
Durga targets Nevada belt for future metals search
With exploration under way at a couple of Northwest Territories gold properties Durga Resources (ASE) is now setting its sights on the Nevada gold belt. The Calgary company beat out two rival bidders …
Books Wide spectrum
Ore Deposit Models is a collection of papers, which formed a series in Geoscience Canada, on models from a wide spectrum of mineral deposits. Each paper presents an ore type within the framework of em…
Agnico’s exploration
With production at its Telbel gold mine back on track, Agnico-Eagle Mines (TSE) is now turning its attention to outside exploration activities, which are being both broadened and stepped up. Working q…
Golden Myra gets nickel play
Golden Myra Resources (TSE) has acquired a nickel prospect in the Lac Bellemare area north of Chicoutimi, Que. The 20-claim property is near the nickel discovery made on a property controlled by Terre…
Metal Prices (February 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 31 Jan 30 Jan 27 Jan 26 Jan 25 Copper …
People (February 06, 1989)
VILLENEUVE RESOURCES — Matthew Sumich appointed to the board of directors.
Editorial Money is no object
It must be nice to say “money is no object.” Just ask Ontario Hydro. The provincial government agency has recently announced its plans to reduce sulphur dioxide emissions as required by the Ontario …
Aur close to full production at Kierens zone gold deposit
Having moved a step closer to full production at its Kierens zone deposit at Val d’Or, Que., Aur Resources (TSE) is taking major strides at two other Quebec properties. Full commercial production is e…
Nickel showing prompts company to become public
A nickel-copper discovery made last year in the Lac St. John area of Quebec has generated substantial investor interest and at least one company plans to go public on the strength of its mineral claim…
Tyranite, Fireweed share priority status: Gunnar
Following a corporate consolidation, Gunnar Gold Mining is again trading on the Alberta Stock Exchange. The company’s recent consolidation was completed on the basis of one new share for every 10 issu…