Gold boom
During the gold boom which reached its peak in August, 1987, few juniors had the foresight to begin scouring the landscape for promising base metals properties. Copper was dead and not a soul in his r…
News
Law firms merge
Two Canadian law firms which specialize in natural resources and other areas — Toronto-based Smith, Lyons, Torrance, Stevenson & Mayer and Vancouver-based Angus, McClellan, Rubenstein & Haslam — mer…
Toronto Stock Exchange Indices (November 06, 1989)
1989 Oct 31Oct 30Oct 27Oct 26Oct 25HIGH LOW Composite “300” 3918.623887.173884.253886.363906.684037.833353.13 Metals & Minerals 3461.903408.303390.173411.833446.283919.203207.50 Integrated mines 3605….
Base metals revival
It wasn’t too long ago gold was the only game in town and few junior companies had the foresight to look for base metals. How times have changed. Some of the most exciting plays today are in base meta…
Orient claims
Junior Ressources Orient (ME) has purchased 15 claims in Grevet Twp., near Matagami, Que., in return for 250,000 company shares. The claims lie about 2.5 miles southwest of the VSM/Serem Quebec polyme…
Corona’s quest
Corona Corp. is determined to retain its status as a low-cost gold producer and it is depending on exploration success to do it. It has been involved in projects from Newfoundland to British Columbia,…
Kingswood drilling (November 06, 1989)
A 10,000-ft drilling program is under way at the Bourlamaque property in the area of Val d’Or, Que., Kingswood Explorations 1985 (ASE) reports. The property, about six miles west of the Aur/Louvem cop…
Placer makes commitment to become juniors’ partner of choice’
Already one of the world’s largest gold producers, Placer Dome (TSE) brought on stream four new gold mines in the first half of 1989. Construction of a fifth mine is progressing, and two other large-s…
Victoria directors
New directors have been named to the board of Victoria Graphite (COATS), which is exploring a graphite property near Portland, Ont. The current directors are Armin Klein, Bernard Shinder, J. J. Elkin …
Vassan shares
Junior Ressources Vassan (ME) is proposing a restructuring of its share capital and a name change to Ressources Savanor. The proposed conversion ratio is 10 existing shares for one new share. The comp…
Quebec review
Flow-through funding may have dried up considerably, but exploration in Quebec was still at a very high level during 1989. Gold, base metals, nickel and even graphite have raised the interest of inves…
Eskay Creek upstages Iskut River gold camp
The Iskut River gold camp in northwestern British Columbia was upstaged late in the 1989 exploration season by the Unuk River camp about 25 miles away where Calpine Resources (VSE) made a significant …