Vancouver Stock Exchange (October 02, 1989)
Trading activity in Vancouver continues to be dominated by companies in Murray Pezim’s stable. But this week most issues under the Prime group umbrella continued to weaken from the lofty highs achieve…
News
KIDD CREEK #3
Work has begun on the No. 3 mine at the Kidd Creek deposit in Timmins, Ont. That’s not to say you’ll see a third headframe there next year. But it does mean another shaft will be sunk — an internal s…
Montreal Exchange: Mixed-trading pattern
Mixed trading highlighted a week during which investors mulled over the latest results from the massive- sulphide copper-zinc Louvicourt Twp. project and observed the official opening of a new gold mi…
Deductibility of Exploration Expenses Threatened
The Australian Taxation office has released a draft ruling that would severely limit the tax deductions available to mineral exploration companies. The ruling, which has been circulated to the industr…
Carolin active
The class A shares of Carolin Mines were active this week gaining 2 cents on a volume of 134,000 shares. The company owns the old Landner Creek gold mine near Hope, B.C. and another gold property curr…
Juniors face GST financing costs
The federal government has proposed a broadly based consumption tax that will apply at the rate of 9% to the Canadian consumption of most goods and services commencing Jan 1, 1991. This Goods and Serv…
QUEENSTON
The next underground gold mines to start pouring the yellow metal along the Kirkland Lake Break in northeastern Ontario very well may be two former producers: the Upper Canada and the Upper Beaver min…
Moneta, Nahanni Sept 22
A 20,000-ft drill program has been completed by Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) on their Michaud Twp., Ont., claims 65 miles east of Timmins. The program has confirmed the presenc…
James to serve as a director of Falconbridge
The takeover of Falconbridge Ltd. (TSE) by Noranda Inc. (TSE) and Trelleborg AB of Sweden may have moved Bill James out of the president’s office but not away from the company completely. The outspoke…
Scintilore, Trio Gold acquire Nevada claims
Joint venture partners Scintilore Explorations (TSE) and Trio Gold (ASE) have acquired more claims adjacent to their Rodeo Creek property on Nevada’s Carlin gold trend. The partners have jointly acqui…
Editor’s Note BLESSING OR CURSE?
Canada’s hardrock mineral wealth has been both blessing and curse. Blessing, because it nurtured and sustained this country through childhood and early adolescence. Curse, because our resource riches …
Murgold, Chesbar pleased with test
Testing of 10,856 tons of stockpiled material from the Chester Twp. gold project southwest of Timmins, Ont., confirmed the material is amenable to gold recovery by gravity flotation methods, Murgold R…