News

Calgary-based Bresea Resources (ASE) has managed to ease itself out of financial difficulty by issuing shares for debt. According to Bresea, a debt load of $100,000 will be paid off when it issues 205…

I read with interest your obituary on Allison Heather in the Mar. 20, 1989, issue. However, there was one glaring inaccuracy which I would like to correct. Mr Heather was never manager of Madsen Red L…

Vancouver-based Mono Gold Mines (VSE) says that a recently completed surface drill program on its Bannockburn project near Madoc, Ont., indicates that more underground exploration is required. Mono Go…

With the United States steel industry operating at 90% of capacity, the fortunes of Oglebay Norton Company (NASDAQ) have improved dramatically. According to President Renold Thompson, iron ore pellet …

Test milling of material from the Chester Twp. gold property of Chesbar Resources (TSE) and Murgold Resources (TSE) near Gogama, Ont., is under way. The companies — Chesbar has a 60% interest and Mur…

ALUMINUM: MW U.S. Market US93.50- 96.50 cents per lb. (Mar 30, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). …

The scientific jury is still out on the results of an experiment in which platinum and palladium elements were used to produce nuclear fusion. Two researchers, Martin Fleischmann and Stanley Pons, sai…

Underground exploration has established ore grade continuity over mineable widths at the Donalda mine property where partners Syngold Exploration (TSE) and partner Minnova Inc. (TSE) are involved in a…

Investors, spooked by sky-high interest rates, continued to shun the equity markets. Listless, dull trading was the order of the day as only 19.8 million shares exchanged hands. A small 3.55-pt gain w…

A preliminary economic appraisal of the recently- discovered Kerr copper-gold deposit has Sulphurets Gold Corp. (VSE) confident the deposit could be mined profitably despite its remote northwestern Br…

Significant intersections of graphite mineralization have been reported by Victoria Graphite (COATS) of Ottawa from its property near Portland in southeastern Ontario. Fifteen holes were drilled in th…

Calgary-based Borealis Exploration took some measure of revenge on the short sellers who have contributed to the issue’s recent decline. While the company is attempting to secure the necessary financi…