Lawsuit takes centre stage at Ontex meeting
Ontex Resources (TSE) didn’t have much good news to report to its shareholders at the company’s annual meeting in Toronto this month. The junior company is cash- strapped and entangled in a 4-year- lo…
News
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…
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…
Spot prices at a glance (December 25, 1989)
Week’s Price (US) Change Gold* $413.15 –$ 3.95 Silver* $ 5.58 –$ 0.09 Platinum* $513.00 +$ 0.75 Nickel** $ 4.15 +$ 0.09 Lead** $ 0.31 –$ 0.02 Copp…
Editorial What was under the tree
For those who received Christmas gifts that might best be described as useless, consider some of the nifty selections Japanese marketers were able to unload during the holiday season. One that parti…
Vancouver Stock Exchange Holidaty slowdown takes effect
Every year, as regular as clockwork, market activity on all exchanges gently winds down for the holiday season as investors and brokers turn their attention to parties, shopping and Christmas cheer. O…
Denison sale stalled
Denison Mines (TSE) says a deal to sell its oil and gas assets in Spain has been terminated and the company is engaged in discussions with another prospective buyer. The previous deal was expected to …
Musselwhite not economic, Placer shelves project
The Musselwhite gold project in northwestern Ontario won’t be given the construction green light this winter, say owners Placer Dome (TSE), Inco Ltd. (TSE) and Corona Corp. (TSE). Following the recent…
Card, Barrick deal
Card Lake Resources (COATS) has signed an option agreement with American Barrick Resources (TSE) concerning Card Lake’s property in Harker Twp., Ont. The Harker property is 2.5 miles west of Barrick’s…
Bachelor Lake losses reflect mine closure
A decision by Bachelor Lake Gold Mines (TSE) to place its mine at Desmaraisville, Que., on standby was reflected in the Toronto company’s recent financial results. Bachelor Lake reported a loss of $2….
Prefeasibility shows potential for Mel project
Operating costs at Breakwater Resources’ (TSE) Mel zinc property have been estimated at $18 per tonne for the open pit and $32 per tonne for the underground operations. The recently completed prefeasi…
OSC charges 24 in Osler collapse
Charges dealing with securities offences related to brokerage house Osler Inc. which collapsed in 1987 with debts of about $60 million, have been laid by the Ontario Securities Commission (OSC) agains…