News

U.S. gold output in 1989 to rise to 7.4 million oz

Primary, non-placer gold production in the United States in 1989 will total an estimated 7.4 million oz, up 1.7 million oz from 1988, research company Metals Economics Group of Halifax, N.S., reports….


FINANCING (August 28, 1989)

ONTARIO Canamax Res — final rec iss offer 850,000 @ $1.50 per sh to net $1,275,000 Firesand Res — final rec iss offer 2,400,000 @ 40 cents per sh to net $600,000 VANCOUVER Ravenroc — 1,500,000 off…


Galactic turns tide on losses

With the Ridgeway mine in South Carolina continuing to exceed expectations, Galactic Resources (TSE) is reporting record gold production and record income from operation for its 1989 first half. Gold …


Mishibishu trio set to amalgamate

Three Vancouver companies with equal interests in a recent gold discovery west of Mishibishu Lake, Ont., are planning to amalgamate. The companies — Caribbean Resources (VSE), Exmar Resources (VSE), …


Noranda details pursuit of Kidd Creek

Purchase of an interest in the Kidd Creek operation of Falconbridge Ltd. (TSE) was pursued by Noranda Inc. (TSE) between December, 1988, and April of this year. Details of the dealings are contained i…


Laclustre golds take shine off mining sector

Following several weeks of busy trading in a number of blue chip mining issues on the Toronto Stock Exchange, gold shares drifted lower along with lacklustre bullion prices this week. Solid strength i…


LAC in solid shape despite loss of Williams mine

Most mining companies would have been crippled by the loss of a gold property the size of the Williams mine at Hemlo in northern Ontario. In the case of LAC Minerals (TSE), the company appears to have…


Editorial Unuk river might cure the ailing VSE

It’s a drill hole that rivals some of the big ones from Nevada’s Carlin area: 682 ft averaging 0.875 oz gold and 0.97 oz silver per ton plus 1.12% lead and 2.26% zinc. Of course that’s just one hole…



Encouraging results by Orofino, Canuc

Completion of a 20-hole summer drilling program representing 5,733 ft at the Coronation Gulf gold project in the Northwest Territories was recently reported by Orofino Resources (TSE). Seventeen holes…


IOCC GOLD OPTIONS (August 28, 1989)

Options Open Series Volume Last Interest Aug 370 C 183 0.10 Nov 440 C 135 0.50 715 Nov 380 C 134 8.00 2,481 Nov 390 C 127 5.50 2,159 Nov 400 C 63 2.50 …


Historic plaque tuide

History buffs will be interested in a new publication listing the more than 1,000 historical plaques in Ontario. Many of the plaques deal with the province’s rich mining heritage. Examples include a p…


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