Cassiar assumes McDame development
Cassiar Mining (TSE) recently assumed responsibility for completing work on its $50-million McDame asbestos project in British Columbia. Prior to Dec. 20, Hillsborough Resources (TSE) of Toronto was w…
News
U.S. Gold seeks to overturn appeal
In what Atlanta Gold (TSE) sees as a highly unusual move, U.S. Gold (NASDAQ) has made an application to the British Columbia Court of Appeal for a rehearing to determine which slate of directors was e…
Metal snips Bougainville on care and maintenance
Owners of the Bougainville copper-gold mine in Papua New Guinea have placed the project on a “care and maintenance” basis. Capable of turning out 180,000 tonnes copper per year, the mine was closed Ma…
LAC, Rouyn hit good widths at Francoeur mine
Exceptional widths are being encountered at the Francoeur gold mine, owned equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE). Situated near Rouyn, Que., the Francoeur mine entered product…
Vancouver Stock Exchange Kokanee makes gains
Economists have been warning that a recession is just around the corner for at least the past several years. This year, with increasing evidence that the economy is indeed slowing down, the talk is be…
Wye Resources shuffles board
The board of directors of Wye Resources (COATS) have accepted the resignation of Martin Oosterveld as the company’s president and James Myslicki as vice-president. Elected as Wye’s new president is Da…
Kidd Creek back to running order after Jan 5 fire
Operations at the Kidd Creek metallurgical complex in Timmins are in high gear once again, following a fire Jan. 5 at the company’s concentrate loadout building. The fire destroyed three discharge bel…
Dundee-Palliser raises $ 1/2 m for Murgor, Grevet programs
Busy Dundee-Palliser Resources (TSE) recently entered into a couple of financing agreements designed to raise $571,300 for exploration on two northwestern Quebec projects. They include the Grevet/Moun…
Westar Mining restructures debt
Perhaps the mysterious trading activity on the preferred shares of Westar Mining (TSE) can be explained by the company’s recent announcement of a debt restructuring. The restructuring does not, howeve…
Strong trading activity by ME during 1989
The value of shares traded on the Montreal Exchange during 1989 increased by 33.8%, a better performance than the 24.5% turned in by the combined Canadian market. The exchange reports the dollar value…
Iron carbide producer
Territorial rights encompassing 15 states in the U.S. have been granted to American Iron Carbide, a wholly owned subsidiary of Millers Cove Resources (ASE), for the production of iron carbide. Holder …
Queries Lake Ontario dredging sill on the books
Your paper has printed several articles about Platinova Resources’ activity in Greenland. Last March you also noted the association of Platinova with Deni son Mines regarding a project to dredge fin…