News


Obituaries (July 31, 1989)

Lu Bayrock died recently at his home in Vancouver after a battle with cancer. A quaternary geologist, he successfully used his knowledge of glaciation as a consultant to the mining industry. He was cl…


Safest mines honored

The Mines Accident Prevention Association of Ontario has made its 1988 awards to the province’s safest mines. Falconbridge Ltd.’s Sudbury operation won for the safest underground mine employing more t…


Gold funds as of July 25

MPV BGR Central Capital Net value $11.96 $ 6.01 $0.57 Price $10.125 $ 5.62 $0.33 Discount 15.34% 6.4% 42% Value $71,186,209 $101,248,732 N/A…


Mine rescue champs photo

The team from Afton Operating Corp. won the recent provincial mine rescue competition in Prince George, B.C. The winners are: (back row l to r) Doug Birkenhead, Brian Hurren, Mike Logan, Arne Von Mayd…


SouthernEra deal

SouthernEra Resources (TSE) has completed a private placement of 750,000 units at 25 cents per unit with SPNA Syndicate. Each unit consists of one common share and a half share purchase warrant. One …


Report from Australia Uranium policy review

It seems that the anti-uranium wing of Australia’s governing party has again succeeded in delaying any change in the current restrictive policy on uranium mining. A special Labour Party committee was …


INSIDER TRADES (July 31, 1989)

Aurizon — F. Lang bought 30,000 (June) @ $26 to hold 608,763. Dauntless Dev. holds 285,758. Cane — Jonpol bought 86,000 (June, private) @ 8 cents to hold 1,000,000. Coral Gold — G. Greer holds 1,8…


Placer Dome encouraged by Mexican Hat results

Drilling by Placer Dome Inc. (TSE) on the Mexican Hat project in Arizona is returning encouraging results. The property is held under option from Oneida Resources (VSE). Results from drilling include …


Kennecott Corp. reborn after RTZ takeover

A new, but time-honored name has been resurrected for BP Minerals America following its takeover by the giant RTZ Corp. The company will now be known as Kennecott Corp. and operate as a wholly- owned …


Editorial Northern spirit

Mining men and women have always had to face the vagaries of Mother Nature not only underground but on land as well. Imparted with a pioneering and adventuresome spirit, such people faced hardships in…


Malartic gains Val d’Or gold property from Audet

Malartic Hygrade (VSE) has acquired from the Audet family, a 20-claim property in Bourlamaque Twp. Que., two miles east of the Sigma and Lamaque mines in Val d’Or. The claims are within 10 miles of th…


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