Imperial starts 1989 program at Mt. Polley
Project operator Imperial Metals Corp. (TSE) has started a major work program which is expected to lead to a full feasibility study for the Mt. Polley copper- gold deposit near Williams Lake, B.C. Mt….
News
Stratabound asks for study on impact of CNE bulk sample
Believing that its CNE base metal deposit in New Brunswick can be developed as a low-cost open pit mine, Stratabound Minerals (ASE) has applied to the provincial government for permission to take a bu…
Dejour, Noble Peak seek JV partner on Turquetil property
Joint venture partners Dejour Mines (TSE) and Noble Peak Resources (TSE) plan to carry out a $700,000 exploration program this year on their Turquetil gold property, situated 140 miles southwest of Ra…
GIBRALTAR
Gibraltar Mines made a smart decision back in mid-decade. The company was saddled with about 200 million tons of low-grade ore and “waste” piled on-site at its McLeese Lake, B.C., mine. Someone decide…
Dividends take 50% of Franco’s cash
Shareholders of Franco-Nevada Mining Corp. (TSE) can look forward to annual dividends of $1 per share, Seymour Schulich, chairman of the company said at Franco’s annual meeting. “The cornerstone of Fr…
Halt trading order on Comaplex shares remains in effect
A cease trading order placed on the common shares of Comaplex Resources (TSE) will remain in effect for the time being, the Ontario Securities Commission has ruled. The cease trading order was issued …
Drifting increases Ronrico stockpile
Drifting on the second and third levels of the East Zone of Ronrico Exploration’s (VSE) Simkar gold project near Val d’Or, Que., have increased the company’s No 1 stockpile to 5,991 tonnes. Ore reserv…
Vancouver Stock Exchange Mishibishu gold claims sparkle
The discovery of a significant copper-zinc massive sulphide deposit near Val d’Or, Que., has provided a badly needed psychological boost to market activity here, even though the find directly involves…
Magnacon first mine at Mishibishu gold camp
The official opening of the Magnacon mine, this area’s first producer, ushers in what promises to become a significant new Canadian gold camp. An impressive looking plant, it is owned 50% by Flanagan …
Metal Prices PRODUCER PRICES (July 03, 1989)
ALUMINUM: MW U.S. Market US87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (J…
Six more holes to be drilled on Chance’s Ontario claims
Another six wedged holes are planned for Chance Mining and Exploration’s (COATS) base metals property this year, shareholders learned at the company’s annual meeting. Owned 100% by Falconbridge Ltd. (…
Tough times for Golden Shield; management team main shareholder
Financially strapped Golden Shield Resources (TSE) recently lost its major shareholder after Kerr Addison Mines (TSE) sold its holdings in the Kirkland Lake area gold producer. Kerr, which sold the lo…