Geologists to study Sudbury’s orebodies
Geologists from Laurentian University and the University of Toronto will use a $160,000 provincial grant to study the structural geology of the Sudbury Irruptive, a body of intrusive rocks related to …
News
Minerals Division of GAC awards Derry, Gross medals
The mineral deposits division of the Geological Association of Canada presented its two top awards during the association’s annual meeting held here during May. Gilles Allard, professor of geology at …
Abitibi Metal Mines concludes placement
A private placement worth $735,000, involving 3,675,000 shares at 20 cents each, has been finalized, Abitibi Metal Mines (ME) reports. The funds will go towards exploration work carried out on the Jol…
Beauchamps expands holdings in B.C.
Beauchamps Exploration (VSE) has acquired five claims in the Stikine area of northwestern British Columbia. The company purchased the ground for $5,000 and 100,000 shares from treasury. The property i…
Curragh looking for a `$700-million acquisition’
Following the completion of a deal to acquire a 20% interest in Asturiana de Zinc, a major zinc smelting company in Spain, privately-owned Curragh Resources plans to embark on a diversification progra…
Dolphin launches Cape Ray program
A $4-million exploration program is set to begin this month on Dolphin Explorations’ (TSE) Cape Ray gold property in southwestern Newfoundland. About half of the program’s budget will be spent on surf…
Oil shales studied in New Brunswick
Geologists are studying oil shale deposits in New Brunswick to see if they are worth developing, New Brunswick’s Minister of Natural Resources and Energy said recently. “New Brunswick oil shales are t…
Photo (May 29, 1989)
The Geological Association of Canada presented two medals at its annual meeting in Montreal recently. From left are Paul Wojdak of the GAC’s mineral deposits division executive, W. H. Gross medal winn…
Belmoral looks for turnaround
The chairman of Belmoral Mines (TSE) is the first to admit 1988 was not a memorable year for his company. Kenneth Dalton, addressing shareholders at the annual meeting, said, “most of our projects hav…
Chelsea private placement
Chelsea Resources (VSE) has completed negotiations for a private placement of 2.5 million common shares priced at 50 cents per share. Lufer Corp., a company controlled by a Chelsea director, will pur…
Metal Prices (May 29, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 23 May 22 May 19 May 18 May 17 Copper 1617-16…
IOCC GOLD OPTIONS (May 29, 1989)
Options Open Series Volume Last Interest Aug 380 C * 576 5.50 513 Aug 390 C * 543 4.00 1,434 Aug 400 C * 362 2.30 2,574 Nov …