Black Hawk’s Minago yields good results
The first hole in a drill program under way on Black Hawk Mining’s (TSE) Minago nickel property has intersected encouraging results in a northeast extension to the main zone. The Minago nickel project…
News
Toronto Stock Exchange Lively base metals help keep market active
Bouyant investor interest in base metal stocks helped push the integrated mines index higher to 4081.06 points this week. The Toronto Stock Exchange’s 300 composite index, a wide measure of Canadian s…
Brazil freezes foreign companies’s remittances
A recent action by Brazil to retain all foreign companies’ remittances of profits and dividends is likely to discourage overseas investors from considering any new projects in that country. The move h…
Rigorous scrutiny ahead for Shoal Lake gold project
Following months of intense political lobbying by concerned citizens groups, Consolidated Professor Mines’ (TSE) Duport gold project at Shoal Lake Ont., has been designated under the Environmental Ass…
South American Gold has Akaiwong results
Toronto-based South American Goldfields (TSE) has released initial deep auger drill results from its Akaiwong property under option to Homestake Exploration in Guyana. The Akaiwong property comprises …
First Toronto tables offer for Australian gold company
Deep drilling results from Forsayth NL’s Mt. Gibson gold property in western Australia have persuaded First Toronto Mining Corp. (TSE) to buy the company rather than sell the 30% stake it already hold…
Gold Standard sues Barrick for breach of fiduciary duty
An attempt by Utah-based Gold Standard Inc. to win full ownership rights to the Mercur gold mine from American Barrick Resources (TSE) has taken what may be a significant new turn. Against the objecti…
Goldteck says drilling extends Nevada deposit
Encouraging drilling results from the Belleview gold property in Nevada have been reported by Goldteck Mines (TSE). The company says the results indicate the deposit extends a considerable distance to…
Palomar exploring Doyon mineral lands
With control of over 17 million acres of land covering a portion of Alaska roughly the size of France, Doyon Limited, an Alaskan native regional corporation, is unquestionably the largest single holde…
FINANCING (September 04, 1989)
American Billion Minerals — 500,000 sold for gross $225,000. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Intertech Minerals — 800,000 sold for gross $280,000. Huntingto…
Managing Canada’s Mines
In the gold mining business it’s not necessary to be big to be successful. It’s the ounces produced that count, says Paul Cregheur, mine manager for Malartic Hygrade Gold Mines. 0000,0500 “For the sa…
Magma, Canyon teaming up to buy Addwest gold mine
Having secured its independence from Newmont Mining Co. (NYSE), Arizona-based Magma Copper Co. (NASDAQ) is looking around for investment opportunities to reduce its exposure to future weaknesses in th…