The Canadian mining industry should be disappointed that 12 scientists at the federal government’s surface mining laboratory in Devon, Alta., have been declared surplus (“Research rivalry” Oct 2, 1989…
A total of $1.39 million is being raised through a private placement by Deak Resources (TSE) in order to finance joint venture and other agreements it has with the Noranda (TSE). Subject to regulatory…
More assay results have been released by McNickel Inc. (COATS) from its Lac St. Jean property in Quebec. Results from two recent holes, 1,000 metres north of the original showing, include 49 ft gradin…
A recent private placement agreement between Hemlo Gold Mines (TSE) and Windarra Minerals (TSE) will see Hemlo Gold’s stake in Windarra increase to 30.4%, up from the previous level of 20.22%. Hemlo G…
Chester Millar, chairman of Vancouver-based Glamis Gold (TSE), recently earned $16,610 by selling a portion of his considerable stake in the company. According to a recent Ontario Securities Commissio…
Fears of a repeat of Black Monday two years ago failed to materialize during the week, although this year’s Black Friday version threw a scare into the investment community. A 4.8% drop in the mining …
One of the main differences between the October market collapses of 1987 and 1989 has to be the recovery time. Investors this time around seemed to bat hardly an eyelash before diving in again during …
The Newfoundland Department of Mines and Energy’s thirteenth annual open house and review of activities begins Nov 2, 1989, at the Radisson Plaza Hotel in St. John’s, Nfld. Once again, the department’…
Down, up, way down, and all around. That about describes the roller-coaster ride the VSE Index took during the two- day run of the October, 1989, “mini market” crash. It began appropriately enough on …
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…
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…
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…
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