News in Brief (April 24, 1989)
Teeshin Resources (VSE) has negotiated a private placement for $400,000 with California Placer Resources (1986) Ltd. Subject to regulatory approval, Teeshin will issue 727,272 units consisting of one …
News
Jolu surpasses expectations
With so much attention focused on new mines that have fallen short of expectations, a modest sized gold mining operation in Saskatchewan’s La Ronge district is surprising just about everyone by produc…
Thunderwood still drifting in high grade at Gold Hawk
Toronto-based International Thunderwood Explorations (TSE) continues to encounter high grade gold mineralization over mineable widths at its wholly-owned Gold Hawk property near Val d’Or, Que. Using t…
Pamour Inc. reports $6.5m loss for ’88
It was a disappointing year in 1988 for Pamour Inc. (TSE), which recorded a loss of $6.5 million (54 cents per share) before extraordinary items, compared to a profit of $4.55 million (40 cents per …
Inco miner dies at Shebandowan after rock fall
An investigation has been called into the death of an experienced miner at Inco Ltd.’s (TSE) Shebandowan nickel-copper mine near Thunder Bay, Ont. Renato Brigo of Thunder Bay died in a rockfall on Apr…
TSE asked to delay Jascan Res. ruling
While Jascan Resources (TSE) and affiliate Atlantic Goldfields (COATS) discuss a possible merger, the companies have asked the Toronto Stock Exchange to defer its decision on whether to allow Jascan t…
Hayes, LynnGold share swap
Hayes Resources (TSE) has been instructed by its board of directors to consider distributing to its shareholders common shares of LynnGold Resources (TSE) held by the company. The proposed distributio…
Record-breaking results highlight Inco meeting
Record first quarter earnings of $276 million (US) and the prospect of another record-breaking year took centre stage over a bid to kill a controversial poison pill plan at Inco Ltd.’s (TSE) annual sh…
U.S. Hall of Fame board
The chairman and chief executive officer of Homestake Mining Co. of San Francisco, Harry M. Conger, has been elected to the board of governors of the National Mining Hall of Fame and Museum at Leadvil…
Sharpe Energy deals with Crude at Mishibishu (April 24, 1989)
With a strengthening of its board and new financing in the wind, Sharpe Energy & Resources (VSE) will ally with Central Crude (TSE) to explore some promising looking ground in Ontario’s Mishibishu gol…
Health seminar
A 2-day seminar on the topic of Respiratory Health in Mining will be held in Toronto on June 12-13 at the Ramada Inn at 1677 Wilson Ave. The seminar, chaired by Dr E. Moore, Associate Dean of Engineer…
First phase oxide mine at Ivanhoe gets green light
With a positive feasibility study now in hand, 50/50 partners Galactic Resources (TSE) and Cornucopia Resources (TSE) are planning to construct an open pit mine at their Ivanhoe property located in th…