Editorial Losing the war on bugs
On any given summer evening on the east coast of James Bay, one is likely to find, on average, 15 million mosquitoes per cubic yard of free air, according to the Zoological Society of Metropolitan Tor…
News
Anglo options Timmins claims
Vancouver-based Anglo Canadian Mining (VSE) has signed a letter of intent to option a gold property in Matheson Twp., Ont., from Timmins prospector Corrie Miller. The property, which comprises two pat…
COATS (over-the-counter) Big jump for Carolin
A big gainer for the week ended Nov 28 was Carolin Mines which tacked on 47 cents to its share price before closing at $1.10, nearly double last week’s price of 58 cents . The company has been re-act…
Aber drilling NWT base metal bet (December 04, 1989)
A drill program by Aber Resources (VSE) is under way on the Victory Lake base metal prospect 40 miles east of Yellowknife, NWT. President Grenville Thomas said the objective is to prove up further dep…
Int’l Mahogany boosts earnings
Excellent results continue for International Mahogany Minerals (TSE) which reported net earnings of $3.6 million for the nine months ended Sept 30. Revenues for the period were $21.1 million while cas…
Minefinders drilling Greenstone property (December 04, 1989)
A 6,000-ft diamond drilling program is under way on Greenstone Resources’ (TSE) Lada property, north of the Joe Mann mine in the Chibougamau mining district of northwestern Quebec. The Lada program is…
Auction settles dispute over Saskatchewan gold deposit
Litigation has ended between Cameco, Shore Gold Fund (ASE), Golden Rule Resources (TSE), International Mahogany (TSE) and Goldsil Resources (VSE), following the completion of bidding on their Transom …
Calpine releases results of Eskay stepout drilling
Assay results were released by Calpine Resources (VSE) for 12 step-out holes completed on the 21 zone discovery at the Eskay Creek property north of Stewart, B.C. Calpine owns 50% and is operator whil…
Placer Dome gold sales up 42%
Excluding non-recurring gains, Placer Dome (TSE) reported consolidated net earnings of $90.3 million or 38 cents per share on revenues of $711.6 million for the first nine months of 1989. This compar…
Neptune, ABM merger plan gets go ahead from court
Ontario Supreme Court recently approved the proposed merger of Neptune Resources (TSE) with three other companies into a single entity controlled by Toronto-based ABM Gold (AMEX). The decision came ju…
Corona, Rayrock combine to buy U.S. Gold’s 29% stake in Dee mine
Two partners in the Dee gold mine in Nevada, Corona Corp. (TSE) and Rayrock Yellowknife Resources (TSE), have increased their interests in the project. The companies jointly purchased the 29.33% inter…
Noranda, Freewest deal done
A private placement of Freewest Resources (ME) shares with Noranda Ltd. (TSE) has closed. Noranda bought 325,000 Freewest shares at $3.50 per share. The proceeds of $1.13 million will be used by Freew…