Noront set to fund exploration programs
Following the recent completion of a $2-million financing, Noront Resources (VSE) is set to continue exploration on four gold properties in northwestern Ontario, and a grassroots program in Newfoundla…
News
Dome Mountain players hold first meeting
Teeshin Resources (VSE) announces that the Dome Mountain joint venture with Canadian-United Minerals (VSE) has held its first management committee meeting. The management committee has accepted the Do…
News in Brief (August 07, 1989)
Steelmaker Dofasco Inc. has concluded the purchase of the remaining 75% of the outstanding shares of Quebec Cartier Mining from USX Holdings of New York, N.Y. Dofasco bought an initial 25% interest in…
Exploration under way at High Frontier bets
Vancouver-based High Frontier Resources (VSE) continues to expand its land position near the massive sulphide discovery east of Val d’Or, Que., by Aur Resources and Societe Miniere Louvem. So far, Hig…
Blue Emerald starts Lac St. Jean program
A $500,000 exploration program has begun on a group of four grassroots exploration properties under option to Blue Emerald Resources’ (VSE) in the Lac St. Jean area of Quebec. The largest of the four …
First Toronto’s Forsayth placed on auction block
The Mount Gibson gold mine has breathed new life into this part of Western Australia where the economy has almost been paralyzed by poor prices for agricultural products. The project, which has been p…
Cheni’s Lawyers mine pours gold at opening
With the traditional ribbon-cutting ceremonies, speeches and pouring of dore bars, Cheni Gold Mines (TSE) officially opened its 100%-owned Lawyers mine and mill complex located in this remote region o…
Toronto Stock Exchange Falconbridge takeover bid ignites buying
Mining issues — specifically base metal mining issues — led trading activity on the TSE as more than 33.3 million shares changed hands. Almost 10% of that trading was in the form of Falconbridge Ltd…
Front Picture
Morten Riset, a refinery operator with Cheni, stands beside gold bar at the Lawyers mine site. Photo by The Northern Miner…
McNellen testing copper bet in B.C.
A 5,000-ft drilling program is being started by McNellen Resources (VSE) on the company’s Mount Foley copper-silver-gold property 15 miles east of Chilliwack, B.C. McNellen plans to test a 250-ft wide…
Faraday, Jascan deal
Faraday Resources (TSE) has completed the purchase of a 40% interest in Jascan Resources (TSE). Jascan has $7 million in cash and short-term investments. The company’s main mining interests are a roya…
Mining Convention `89 set for San Francisco
The American Mining Congress convention will be held in San Francisco Sept 17-20, and will focus on “Meeting the challenges of the ’90s.” Sessions will cover mine financing and how to woo Wall St., st…