Belmoral acquires claims at Gordon Lake
Belmoral Mines (TSE) has acquired 78,000 acres of claims near Gordon Lake, N.W.T., 110 km northeast of Yellowknife. Belmoral bought the claims from Central Capital Corp. for $225,000, 1,440,300 common…
News
682 ft. 0.88 oz gold Calpine hole kickstarts VSE
Ongoing step-out drilling to test the northeastern strike extent of the 21 zone on the Eskay Creek property is continuing to return both spectacular and significant results. Located in the Unuk River …
Books (August 28, 1989)
Magmatic Sulfide Deposits by Anthony J. Naldrett, University of Toronto. Published by Oxford University Press. ISBN 0-19-505119-X, hardcover, $91(C). Contact: Oxford University Press, Canadian Branch …
U.S. News in Brief (August 28, 1989)
Asarco Inc. has declared a regular quarterly dividend on the common stock of 40 cents (US) per share payable Sept 1 to shareholders of record Aug 7. Asarco increased its quarterly dividend in April af…
Bay Resources buys into Foratek Int.
St. Genevieve Resources (TSE) and its subsidiary Bay Resources (ASE) have reached an agreement in principle for Bay to purchase 750,000 shares of Foratek International Ltd. (ME) for $600,000. Bay, whi…
Alberta Stock Exchange Borealis gains $1
A lawsuit launched by Borealis Exploration against NIM Management Ltd. and several of its partners, has translated into a healthy increase in the price of Borealis shares. They gained a $1 this week o…
Cassandra, Minnova drill Line property
A reverse circulation drill program is under way on the LINE claim property held under option by Minnova Inc. (TSE) from Cassandra Resources (VSE). The property is in Nevada. Minnova, which is conduct…
Dia Met buys diamond processor from LAC
Dia Met Minerals (VSE) of Kelowna, B.C., has reached an agreement in principal to purchase the diamond exploration program of LAC Minerals (TSE). Included in the package is a diamond processing plant …
NDU quiet despite results from Marg metals project
Partners NDU Resources (VSE) and Cameco (Canadian Mining and Energy Corp.) continue to explore a massive sulphide discovery near Mayo, Y.T., which has yet to attract some market interest. NDU holds a …
Open pit mining course offered by Queens
A 3-week course on open pit mine design and operation will be held at Queen’s University in Kingston, Ont., Oct 30 to Nov 17, 1989. The course is divided into four sessions: mine feasibility and desig…
Black Swan ends first drill phase at Tas bet
Vancouver-based Black Swan Gold Mines (VSE) has completed phase one of an exploration program designed to test for continuity of gold/copper mineralization in four high grade sulphide zones at the Tas…
Metal Prices (August 28, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Aug 22 Aug 21 Aug 18 Aug 17 Aug 16 Copper 1799-1…