Casa Berardi shines for Golden Knight
With its Golden Pond mine in Quebec’s Casa Berardi area almost producing at capacity, 1989 should be a good year for Golden Knight Resources (TSE). At the company’s annual meeting in Vancouver recentl…
News
Montreal Exchange (January 02, 1989)
A quiet market for some months gave way to near non-action during the holiday-shortened Christmas trading week, with the volume on the first trading day after Dec 25 dropping to 1.3 million shares. Ea…
Editorial Looking ahead to 1989
Crystal-ball gazing is a hazardous occupation, but once every winter, as we cross the threshold into a new year, we indulge our inclination to tell the universe just how we expect it will unfold. If t…
Better acid trap
A Texas firm, Aerological Research Systems, says it has developed a better smokestack device which removes practically all sulphur dioxide from emissions. Sulphur dioxide, released into the atmosphere…
Mishi Lake get $2.8 million to expand
A budget of $2.8 million has been allocated for additional work on the Mishi Lake gold project of Granges Exploration (TSE) and MacMillan Gold (VSE) near Wawa, Ont. The upcoming work program is geared…
Metal Prices FUTURES PRICES (January 02, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 162.00 155.05 156.75 — 2.15 Jan 153.90 149.00 15…
News in Brief (January 02, 1989)
Canadian Platinum Refineries has been delisted from the Alberta Stock Exchange for failure to file listing requirements. News in Brief Enhanced Resources (1986) has been delisted from the Alberta Stoc…
Innovations TUNNEL-BORING BREAKTHROUGH
Rumor has it there will be a major Rbreakthrough in tunnel-boring Rcoming from research on the Strategic Defence Initiative in the U.S. Millions of dollars are being spent there to have missile silos …
Athabaska results encouraging
Assay results have been reported for three more holes from Athabaska Gold Resources’ (VSE) Nicholas Lake property 60 miles north of Yellowknife, N.W.T. High grade gold veins in the Main zone were test…
Hardrock going underground
Hardrock Extension (TSE) has made a decision to go underground on its gold property near Geraldton, Ont. The company plans to drive a decline ramp to a depth of 150 ft on the V.G. zone and then to the…
Delta Gold gets funding
Initial discussions with bankers, brokers and consultants as to the viability of funding the building of one of the world’s largest platinum mines are meeting with success, Delta Gold NL says. In a fe…
Agnico ups stake in Dumagami to 42%
Toronto-based Agnico-Eagle Mines (TSE) has increased its direct ownership in Dumagami Mines Ltd. (TSE) to 42% by acquiring an additional 16% stake in the company from Mentor Exploration and Developmen…