Claude to proceed at Seabee
Claude Resources (TSE) has decided to proceed to final mine feasibility on its Seabee gold project in northern Saskatchewan. The decision follows a review of prefeasibility studies completed by A.C.A….
News
Noranda to buy Norcen shares
Noranda Inc. (TSE) said it has filed with the Toronto Stock Exchange and the Montreal Exchange a notice of intention to make normal course purchases of up to 3,122,490 subordinate voting shares (10%) …
Metal Prices FREE MARKET (January 02, 1989)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 27 Dec 26 Dec 23 Dec 22 Dec 21 Copper N/A N/A 1…
COATS trading features (January 02, 1989)
Matt Berry Mines has perked up recently, and this week saw moderate trading activity in the 25 to 43 range. Volume was 163,700 shares. A few weeks ago, this issue had been trading as low as 13 cent…
Galactic plans $50 M U.S. offering
The U.S. investment banking firm of Drexel Burnham Lambert Inc. is to be the underwriter of a proposed $50 million(US) offering by Galactic Resources (TSE). The company’s wholly-owned subsidiary, Gala…
Mimiska/Sphinx
Two members of the Ariel mining group of Quebec, Mimiska Mining (ME) and Sphinx Mining (ME), have arranged for the issuance of 729,287 shares in a deal with CMP Resource Partnership and Co. Ltd. and C…
Perimeter acquires Ontario gold prospects
Surface work to delineate drill targets is planned to start early next year on the Brinklow Occurrence, a gold prospect recently acquired by Perimeter Ventures (VSE) near Longlac, Ont. The company sai…
Glimmer Resources
Glimmer Resources (VSE) and Master Gold did not sign a farm-in agreement before the Dec 12 deadline as intended. Glimmer is continuing negotiations and is actively seeking participation which will ens…
Queenstake acquires new placer project
In 1989, Queenstake Resources (TSE) intends to expand the present production unit and carry out a phased exploration program to increase reserves on a newly-optioned placer gold property in the Atlin …
Montreal Exchange (January 02, 1989)
A quiet market for some months gave way to near non-action during the holiday-shortened Christmas trading week, with the volume on the first trading day after Dec 25 dropping to 1.3 million shares. Ea…
Innovations TUNNEL-BORING BREAKTHROUGH
Rumor has it there will be a major Rbreakthrough in tunnel-boring Rcoming from research on the Strategic Defence Initiative in the U.S. Millions of dollars are being spent there to have missile silos …
Athabaska results encouraging
Assay results have been reported for three more holes from Athabaska Gold Resources’ (VSE) Nicholas Lake property 60 miles north of Yellowknife, N.W.T. High grade gold veins in the Main zone were test…