Keep 1872 Mining Act, says Mining Congress
The American Mining Congress has launched an aggressive campaign against proposed changes to the Mining Law of 1872. The legislation, which was introduced last month in the U.S Congress, contains eigh…
News
Toronto Stock Exchange Aur, Louvem hit new highs before trading
An all-day trading halt put the brakes — albeit likely just for a day — to a buying frenzy in the shares of Aur Resources, Societe Miniere Louvem and St. Genevieve Resources. On July 18, Aur and Lou…
Inco and Pronto increase Cochenour-Willans reserves
Inco Gold, a wholly-owned subsidiary of Inco Ltd. (TSE), is getting good results from an exploration program on the former producing Cochenour-Willans gold mine near Red Lake, Ont. Pronto Explorations…
INSIDER TRADES (July 24, 1989)
Black Hawk Mg — DCC Equities bought 738,916 (Mar., private) @ 29 cents to hold 5,569,440. Shiningtree — J. Acton sold 120,000 @ 30 cents to hold 111,000. A Dorfman sold 120,000 @ 30 cents to hold …
FINANCING (July 24, 1989)
Canmark Int’l Res — gross proceeds rec $240,000. Vera Cruz Minerals — min 500,000 offered @ 50 cents per sh. British Lion Mines — gross proceeds rec $245,000. Cons Heron — 600,000 shs sold for gr…
Stewart Lake nearing graphite bet decision
An underground mining operation with annual production of 20,000 tons graphite concentrate is being considered by Stewart Lake Resources (TSE) for its Kirkham flake graphite project in eastern Ontario…
B.C. mining companies face new profit-based tax
Starting next year, British Columbia will have a new profits-based tax system for all mines in the province producing metals, coal and industrial minerals. The new tax system consolidates four existin…
Brinco, CMP funding exploration at Kerr
Agreements with CMP 1989 Resources Partnership and Consolidated Brinco (TSE) will provide Sulphurets Gold Corp. (VSE) with a total of $1 million for further exploration of the Kerr copper-gold project…
Shane diamond bet
Shane Resources (VSE) and Waddy Lake Resources (TSE) have entered into an agreement to purchase a 4-claim diamond prospect 15 miles northwest of Prince Albert, Sask. Waddy will hold a 65% interest whe…
IOCC GOLD OPTIONS (July 24, 1989)
Options Open SeriesVolumeLastInterest Aug 370 C * 60 8.50 729 Aug 380 C * 204 3.20 1,592 Aug 390 C * 560 1.20 2,053 Aug 400 C * 1,079 0.90 1,063 Nov 390 C * 100 9.50 1,714 No…
Photo by The Northern Miner (July 24, 1989)
The primary crusher at the Gilt Edge mine. If proposed expansion plans meet stiff environmental standards, Gilt Edge could rival North Carolina’s Ridgeway mine as a low grade, high tonnage producer.
Sikaman’s Ghana assets to include placer bets
Toronto-based Sikaman Gold Resources (TSE) is planning to expand its interests to include two placer gold mining concessions in Ghana by amalgamating with Shefford Resources. Scheduled to be in produc…