News in Brief (October 30, 1989)
A NIM and Company limited partnership has committed for the flow-through private placement of $300,000 at 30 cents per share to Teeshin Resources (VSE). Funds will be used on the Dome Mountain projec…
Articles by Northern Miner Staff
Canarim agrees to buy unsold Prime units
The Vancouver Stock Exchange received confirmation that Canarim Investment will subscribe for and take down one million units of Prime Resources (VSE) that had been the subject of a recently disclosed…
Claude busy at Seabee gold bet
An underground exploration program, which began earlier this month at Claude Resources’ (TSE) Seabee project in northern Saskatchewan, is scheduled to reach completion by year-end, the company reports…
Shaft changeover helps to reduce Brunswick earnings
The changeover to a deepened shaft and a maintenance shutdown are among the reasons given by Brunswick Mining and Smelting (TSE) for reduced third-quarter net earnings. The Noranda affiliate recorded …
New LAC investment
Although LAC lost its recent appeal in the Supreme Court of Canada for ownership of the Williams mine, it could more than make up for that loss through its new investment in Bond International, and th…
IOCC GOLD OPTIONS (October 23, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .6913.502,920 Nov 370 C .1675.002,016 Nov 380 C .2022.003,111 Nov 400 C .900.602,501 Feb 370 C .8415.00 250 Feb 380 C .1589.90 640 Feb 390 C .776.00 54…
Dundee-Palliser to drill near VSM zinc discovery
Toronto-based Dundee-Palliser Resources (TSE) is preparing to start a $300,000 exploration on a group of 142 claims adjoining VSM Exploration’s (ME) zinc project in northwestern Ontario. So far at Gre…
New Earth Scienes Centre opened at U of T campus
A new $55.5-million Earth Sciences Centre was officially opened on the main campus of the University of Toronto in Ontario recently. At the centre’s 400-seat lecture auditorium, Ken Babcock, assistant…
Marcee planning to drill property in central Nfld
Macree Resources (COATS) has received a letter of intent from Yorkton Securities of Toronto for a $500,000 common share underwriting. Proceeds of the offering will be partially used for general corpor…
Gold funds as of Oct 17
MVP BGR Central Capital Net value $11.61 $5.84 $0.57 Price $10.50 $5.62 $0.26 1/2 Discount 9.56% –3.7% 53.5% Value $69,138,767.60 $ 98,241,933 N/A…
Noranda can earn 50% of Soledad
An agreement in principle has been reached between Golden Queen Mining (VSE) and Noranda Exploration which would see the latter company spend $5 million (US) on Golden Queen’s Soledad Mountain propert…
Output improving at Magino mine
Operations at the Magino gold mine of McNellen Resources (TSE) and Muscocho Explorations (TSE) are slowly picking up, the companies report. The mine, situated in the Wawa area of northern Ontario, tur…