Montreal Exchange No pattern to trading
Mixed trading characterized the week on the ME, with a province- wide power failure slowing activity considerably on one trading day. The Monday morning blackout prevented the exchange from functionin…
News
Earnings Report (March 20, 1989)
Uranium Resources (VSE) reports net earnings for the fourth quarter of $983,000(US) or 4 cents per share on revenue of $8.42 million. For the same period a year earlier the company reported a net los…
Placer, Tundra option
Placer Dome Inc. (TSE) has acquired an option on the McKenzie Break gold property held by Tundra Gold Mines (VSE). The 406-claim property is in Fieldmont and Courville twps., about 15 miles northeast …
Normetal drilling
Drilling on targets near old workings has resumed at the Normetal zinc-silver property in Perron and Desmeloizes twps. in northwestern Quebec, Normetal Mining Exploration (ME) and La Sarre Mining Expl…
Yellow Band options Diana Res. property
Diana Resources (VSE) has signed a joint venture agreement with Yellow Band Resources (VSE) involving the former’s 28-claim property in the Lac St. Jean area of Quebec. Yellow Band may earn up to a 50…
Thunder Mountain Nevada properties
Thunder Mountain Gold (OTC, Spokane) acquired extensive mineral rights last year in Eureka, Elko, and Lander Ctys, Nev. The company says several major mining companies have expressed an interest in th…
Editorial A $4-million gesture
Too often good deeds go unnoticed. So it’s nice to have the opportunity to tip the hat to some of the actions that make people in the mining industry proud. In particular, Inco gets the nod for a $4…
Book Review A new publication
The Michigan department of natural resources has produced a new open-file report, “Inventory of Geological Core and Sample Repository,” compiled by William T. Swenor. This 21-page report contains the …
Silverside, Proteus plan amalgamation
An amalgamation is in the works between Silverside Resources (TSE) and Proteus Resources (VSE). Proposed name of the new company is Silverside Resources Inc. Share conversion would be on the basis of …
Alberta Stock Exchange Borealis in free fall
The difference that a year can make to the trading price of a resource issue is currently being demonstrated by Borealis Exploration. After trading at around $19 last January, the tightly held Boreali…
McFinley looks for partner as rights offering tabled
Short of cash and under threat of takeover, Toronto-based McFinley Red Lake Mines (TSE) is looking around for a joint venture partner to assist in completing a bulk sample at its Bateman Tw gold proj…
Step-out hole hits new copper mineralization At Sheep Creek
Buoyed by good results from recent diamond drilling on the Sheep Creek copper project in Montana, Cominco Resources International (TSE) is accelerating its $1.4 million 1989 exploration program. The p…