FINANCING (July 03, 1989)
Pars Res — 575,000 offered @ 40 cents per sh VANCOUVER Precious Metals — 700,000 sold for gross $350,000 Donner Res — 500,000 sold for gross $175,000 Hixon Gold Res — gross proceeds rec $270,000 S…
News
Gold Vessel placement
Gold Vessel Resources (ASE) reports completion of a private placement with 158474 Canada Inc., by which the numbered company has acquired more than 2.1 million A common shares of Gold Vessel at 18.75 …
Sherritt resolves refinery troubles
Modifications at the Fort Saskatchewan nickel refinery to permit the processing of off-specification feed materials have been completed, Sherritt Gordon (TSE) reports. Feed from supplier Inco Ltd.’s (…
Letters NOT REALLY ABSTRACT
I would like to comment on some of the information presented in “King of Zinc,” the story on the Brunswick No. 12 mine (see April issue). The first is the statement on the “abstract nature of the geol…
HIGHLAND VALLEY
In an effort to boost production and Iincrease operating efficiency, HighIland Valley Copper acquired the nearby Highmont mill l ast year and, at a cost of $70 million, relocated the Highmont milling …
Cassiar increases stake in Rea Gold
By purchasing 324,000 shares of Rea Gold Corp. (TSE) on The Toronto Stock Exchange through a wholly-owned subsidiary, Cassiar Mining Corp. (TSE) boosted its total indirect holding to 2.6 million share…
Cross-Cuts NICKEL URANIUM
At a grade of 2.4%, Cameco’s Key Lake operation is a rich uranium mine. It also has — and this is not well known — a rich nickel deposit. The nickel grade has been officially listed at 2.3% for the …
Editorial Don’t forget gold
When it comes to gold, the market is used to sudden, dramatic price swings. That’s part of gold’s appeal — the opportunity to make large sums of money over a short period of time. All one has to do i…
American Reserve closes Paymaster deal with Placer
American Reserve Mining (VSE) has finalized its agreement with Placer Dome (TSE) involving the sale of a 60% interest in the Paymaster gold property at Timmins, Ont. American Reserve President Carl Zu…
Aur takes on U.S. sulphide deposit owned by Savanna
Shortly after announcing its Val d’Or, Que., massive sulphide find, Toronto-based Aur Resources (TSE) has agreed to get involved in another polymetallic project. Under an agreement with Savanna Resour…
Specs HYDRAULIC BREAKERS
Boom-mounted impact rock-breakers mounted on mine carBriers are increasingly necessary in underground operations. These units break oversize rocks in stopes and at drawpoints in place of the time- con…
Golden Knight reports Casa Berardi production
Gold output at Golden Knight Resources (TSE) 40%-owned Casa Berardi East project in northwestern Quebec averaged just under 4,400 oz per month for the first five months of 1989, Brian Keevil, presiden…