Kewagama funding (September 04, 1989)
Kewagama Gold Mines (Quebec) (ME) has entered into a subscription agreement with a private company, 2161-6925 Quebec Inc., whereby the latter will subscribe to 200,000 common shares of Kewagama at 75 …
News
Ego starts drilling on N.W.T property
The first phase of a 12,000-ft diamond drilling program has started on the BB and Kennedy Lake properties under option to Ego Resources (TSE) and Asquith Resources (COATS), north of Great Slave Lake, …
Copper output losses mounting
Problems at the operations of Bougainville Copper in Papua New Guinea and of Highland Valley Copper in British Columbia are resulting in lost output of about 6,500 tonnes copper per week, Metals and M…
Gold Torch acquires stake in Goldstream
Gold Torch Resources (VSE) has acquired a one-third interest in the Goldstream copper-zinc mine and mill complex located near Revelstoke, B.C. To acquire its interest Gold Torch paid $5 million to Bet…
Rigorous scrutiny ahead for Shoal Lake gold project
Following months of intense political lobbying by concerned citizens groups, Consolidated Professor Mines’ (TSE) Duport gold project at Shoal Lake Ont., has been designated under the Environmental Ass…
Deep drilling to start at Redstone nickel mine (September 04, 1989)
Operators of one of Canada’s smallest nickel mines, 23 km southwest of here, are very optimistic about becoming bigger. They are predicting they should know by November whether or not they have the mi…
South American Gold has Akaiwong results
Toronto-based South American Goldfields (TSE) has released initial deep auger drill results from its Akaiwong property under option to Homestake Exploration in Guyana. The Akaiwong property comprises …
Metal prices rebound after lengthy slide
Sliding metal and mineral prices in July helped bring the all-commodity index of Scotiabank down by 0.3% from the previous month. Oil prices were also lower that month, offsetting gains in forest prod…
Editorial Playing the game
It’s easy for investors to obtain a rate of return that will match the TSE 300, or so we’re told. Diversify, diversify, diversify. But when it comes to winning a game, that’s another story. Those …
McNickel drilling confirms surface find
First results from drilling on McNickel Inc.’s (COATS) copper- nickel deposit in Quebec include 18 ft in hole No 5 averaging 0.73% nickel and 0.25% copper. That section came within a broader interval …
First Toronto tables offer for Australian gold company
Deep drilling results from Forsayth NL’s Mt. Gibson gold property in western Australia have persuaded First Toronto Mining Corp. (TSE) to buy the company rather than sell the 30% stake it already hold…
Drilling under way at Savanna/Aur bet
An agreement allowing Aur Resources (TSE) to earn a 51% undivided stake in Savanna Resources’ (ASE) Turner Albright polymetallic property in southern Oregon was closed recently. Under the agreement, A…