Road access to Windy Craggy studied
Funding of $50,000 has been made available for studies on road access to the Windy Craggy property in northwestern British Columbia under the federal-provincial Mineral Development Agreement. Situated…
News
Kewagama sampling vein structure (December 25, 1989)
A recent sampling of the No 2 vein over a portion of the 250 level lying west of the No 1 shaft and directly below the current drifting on the 125 level at the Granada property near Rouyn-Noranda, Que…
Education foundation seeks funds
While the mining industry has long since extricated itself from the 1980 recession, budding engineers still seem leery of the resource roller coaster. At Queen’s University, for example, about 20 mini…
Insider Trading Rayrock President misses out on Greenland action
Rayrock Yellowknife Resources (TSE) President David Crombie missed an opportunity recently to take advantage of the hype surrounding Platinova Resources’ (TSE) Greenland gold joint venture with Corona…
Cheni to buy Energex’s Al claim
In concert with the company’s move away from mining, Energex Minerals (TSE) sold its Al Claims group in the Toodoggone region of northern British Columbia to Cheni Gold Mines (TSE) in exchange for var…
Obituraries Dick Murray
Dick Murray, P.Eng., a district engineer of mines for Ontario for many years, died in Kenora, Ont., Nov 20. Murray joined the Ontario Department of Mines in 1955. For more than 22 years he carried out…
North America’s richest goldfield keeps getting richer.
In August, Denver-based Newmont Gold pulled an intersection of 350 ft of 0.768 oz gold per ton from its Deep Star property along Nevada’s Carlin trend (N.M., Aug 21/89). Newmont, a 90% owned subsidiar…
Noront putting six drills on Newfoundland, Ontario claims
With $1 million cash on hand, Noront Resources (VSE) is gearing for a major program of exploratory drilling that will employ six rigs. It will follow up a number of targets established during the past…
FINANCING (December 25, 1989)
Foresthill Res — gross proceeds rec $250,000. Annax Ventures — min 500,000 offered @ 50 cents per sh. Kendra Gold — 600,000 shs sold in 300,000 units @ $1 per unit.
Metal Prices (December 25, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 19 Dec 18 Dec 15 Dec 14 Dec 13 Copper 1488-149…
Hillman increasing Cal Graphite stake
A minority shareholder of Cal Graphite (VSE) is planning to increase its holdings in the junior to more than 15%. Wilmington Securities, a Delaware subsidiary of The Hillman Co., controlled by Pittsbu…
Hottest base metal (December 25, 1989)
It’s being called the hottest base metals discovery since Kidd Creek and the Louvicourt Twp., Que., find of joint partners Aur Resources (TSE) and Societe Miniere Louvem (TSE) brought a sluggish June …