Montreal Exchange Black Friday scare
Fears of a repeat of Black Monday two years ago failed to materialize during the week, although this year’s Black Friday version threw a scare into the investment community. A 4.8% drop in the mining …
News
Millar earns profit in Glamis share sale
Chester Millar, chairman of Vancouver-based Glamis Gold (TSE), recently earned $16,610 by selling a portion of his considerable stake in the company. According to a recent Ontario Securities Commissio…
Tarzan Gold and Golden Dragon agreement
Tarzan Gold (ASE) and Golden Dragon Resources (VSE) have entered into an agreement with Total Energold (TSE) where Total Energold can earn a 70% interest in 147 claims in Collet Twp., Que., by spendin…
Hemlo Gold ups stake in Windarra
A recent private placement agreement between Hemlo Gold Mines (TSE) and Windarra Minerals (TSE) will see Hemlo Gold’s stake in Windarra increase to 30.4%, up from the previous level of 20.22%. Hemlo G…
McNickel reports new assay results
More assay results have been released by McNickel Inc. (COATS) from its Lac St. Jean property in Quebec. Results from two recent holes, 1,000 metres north of the original showing, include 49 ft gradin…
Deak to raise $1.39 million
A total of $1.39 million is being raised through a private placement by Deak Resources (TSE) in order to finance joint venture and other agreements it has with the Noranda (TSE). Subject to regulatory…
Letters to the Editor Western mining’s value warrants R&D centre
The Canadian mining industry should be disappointed that 12 scientists at the federal government’s surface mining laboratory in Devon, Alta., have been declared surplus (“Research rivalry” Oct 2, 1989…
Iskut River access road will cost $12.5 million
A study of road access options to the Iskut River mining camp in northwestern British Columbia has instilled hope that government agencies will approve a road built from Highway 37 to the Bronson Cree…
Alberta Stock Exchange Business as usual
Despite the 1989 market crash that didn’t happen, it was pretty much business as usual on the Alberta Exchange this week where declines appeared to outweigh the number of advances. Many of the issues …
Cominco drills to 1,600 ft at Tul;sequah Chief mine
The 1989 exploration program by Cominco Ltd. (TSE) at the Tulsequah Chief mine in northwestern British Columbia has now tested the Tulsequah mineral horizon to a vertical depth of 1,600 ft below the l…
Letters to the Editor Western Copper independent of Teck
In the Oct 2, 1989, issue of The Northern Miner, you carried an article headlined “Thermal, Teck combine on Yukon copper oxide deposit.” I’d like to clear up some misunderstanding which the emphasis o…
COATS (over-the-counter) Dayton sheds 65 cents
The shares of Dayton Porcupine Gold Mines took a big drop this week, shedding 65 cents to close at $1.75 on six transactions. The company operates the Ross mine east of Timmins, Ont. Ore at that unde…