Beauchamps purchase
Beauchamps Exploration (VSE) has acquired a 48-claim property in Surimau Twp., Que. Located 16 km south of Cadillac, the property was purchased for $8,000 and 100,000 Beauchamps shares at a deemed val…
News
Claude gets Seabee report
A prefeasibility report on gold reserves at the Seabee deposit in northern Saskatchewan has been received by Claude Resources (TSE). The report was recently completed by A.C.A. Howe International, a m…
Robex plans start-up of barite project
Start-up by late 1989 of an open- pit barite mining operation near Upton in Quebec’s Eastern Townships, has been announced by Robex Resources (ME). The company reports it is acting on the results of a…
Queries Yama Gold is dissolved
I have a certificate for 500 shares in a company called Yama Gold Mines Ltd. The shares were purchased for a price of $1 each in 1939. Can you please advise me on the status of this company? Paul For…
Plexus financing cancelled
A financing package that would have seen Golden Knight Resources (TSE) purchase one million shares of Plexus Resources (TSE) at $3 each has been terminated. It was contingent upon the latter’s Rawhide…
Stroud, Chevron discovery
Another gold mineralized zone has been intersected by drilling on the Hislop property owned by Chevron Resources and Stroud Resources (TSE). Located near Timmins, Ont., the Hislop property protects a …
Metal Prices (December 19, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 13 Dec 12 Dec 9 Dec 8 Dec 7 Copper …
People (December 19, 1988)
SINDOR RESOURCES — Fred H. Loghtner appointed president and chief executive officer.
Skyline increases production at troubled Johnny Mountain
Still grappling with startup problems at its wholly- owned Johnny Mountain mine in the Iskut River area of British Columbia, Skyline Explorations (TSE) may be starting to see some light at the end of …
Metal Prices PRODUCER PRICES (December 19, 1988)
ALUMINUM: MW U.S. Market $1.0725- $1.0975 per lb. (Dec 1, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6.25-$6.40 per lb. (Dec 1, 1988). CADMIUM: New Yor…
Bull Run problems
Bull Run Gold Mines (NASDAQ) is anticipating a significant cash flow deficit in 1989 due to operating problems and a cost over-run at the Big Springs gold mine operated by Freeport-McMoran Gold Co. Pr…
$1.6 million program for Weedy Lake
A 2-phase $1.6-million exploration program could begin next month on the Weedy Lake gold property owned by Golden Rule Resources (TSE), Tyler Resources (TSE) and Cameco — a Canadian Mining and Energy…