Minnova/Syngold find ore grade gold at Donalda
Underground exploration is confirming the presence of ore grade gold mineralization at the Donalda gold property, held by partners Minnova Inc. (TSE) and Syngold Exploration (TSE). The property is nea…
News
Metal Prices FUTURES PRICES (January 23, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 158.70 156.50 158.70 + 14.00 Mar 149.50 145.20 148.80 + 5.10 May 137.60 133.80 …
Augdome starts court action against Metalore
An action has been commenced in the Supreme Court of Ontario against Metalore Resources (TSE) by COATS-listed Augdome Corp. Augdome, which owns a group of patented claims in Tisdale Twp., adjacent to …
Acquisitor, Stabell pleased by drilling
Further assays from the Vein No 5 area of the Dubuisson gold property at Val d’Or, Que., have been released by Acquisitor Mines (VSE) and joint venture partner Stabell Resources (ME). Hole RS-213, dri…
Rayrock ups stake in Western Minerals.
Gold miner Rayrock Yellowknife Resources (TSE) is spending $19.5 million to become the sole owner of a Texas-based fertilizer company Western Ag-Minerals. Rayrock, which already holds a 35% stake in W…
COATS Trading Features (January 23, 1989)
Chance Mining (a Conwest- controlled company) has seen some active trading lately based on speculation that drilling by Falconbridge Ltd. might produce encouraging results from a base metals property …
Query Diepdaume update
I read with interest in your issue of Dec 5, 1988, the announcement of the proposed merger of American Reserve and Associated Porcupine. I am writing to enquire on the status of Diepdaume Mines, a com…
INSIDER TRADES (January 23, 1989)
Aquagold — Reed Inv bought 60,000 (Nov, private) @ $1.25 to hold 125,000. Audrey — Northgate Expl bought 850,500 (Nov, Dec, private) @ $2.25-65 to hold 2,800,500. Burgess Point — Perton Dev bought …
Editorial Losing jobs, gaining control
It’s never an easy decision to cut jobs, but in the case of the federal department of Energy, Mines and Resources’ plan to eliminate about 340 positions over the next three years, it’s the right decis…
Bridger plans gold production in Chile
By June of 1989, Bridger Resources (VSE) and its new joint venture partner expect to have completed construction of a 110-ton-per-day mill on the La Pepa gold property in Chile, to be followed by the …
Sikaman to treat tailings deposit
Exercising its options, Sikaman Gold Resources (TSE) has acquired the right to treat a tailings deposit at Snow Lake, Man. The company anticipates placing the project into production during the fourth…
Minerals symposium
Potential climatic changes, environmental issues and increasing demands for corporate information from shareholders and regulatory bodies are bound to affect how mining companies do business in the fu…